Swiss Private Equity Adveq Real Assets Targets Rural Assets for $300 Million Fund

Swiss Private Equity Adveq Real Assets Targets Rural Assets for $300 Million Fund

The Swiss firm Adveq Real Assets is seeking major acquisitions for its US$300 million agricultural fun the Harvested Resources Fund.  The private equity and managed fund has already completed a major purchase in Australia as part of the consortium which bought 18,000 hectares of almond orchards on the Murray River from Olam International, contributing 11% of the $211 price or $37 million. The fund is still looking to make nine additional major global farming acquisitions, each already identified and averaging US$30 million over the next three years.  The fund is looking to form an asset base of Australian properties as Australia’s land tenure is secure, land is relatively cheap, infrastructure is stable, crops are produced off-season to the northern hemisphere, and because of the proximity of China’s emerging market, which the Economic Intelligence Unit forecasted would buy 59% of all Australian food and rural goods by 2030.  Some Australian sectors that the fund is focusing on are beef, dairy farming, nuts, and olives, while globally the fund is looking into sorghum, grains, and other nut crops.  The fund will be closing to investors in May of this year.

 

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