New Zealand’s Farm Venture launches $109m diversified agri fund

Photo by Liz Sloweiser on Unsplash

New Zealand farm property investment and operations management firm Farm Venture has launched a diversified agriculture fund which aims a total capital raise of NZ$150 million ($109 million), according to an official announcement by online trade platform Syndex.

The fund, which will be listed on the Syndex exchange, targets a first close of $37 million. There is a minimum capital investment of NZ$25 million for ownership of an initial three dairy farms and livestock, plus capex and the proportional purchase of Fonterra shares.

Known as New Zealand Pastoral Investments, the fund targets returns of 10 per cent per annum, comprising a 6 per cent per annum return from operations after management fees, before tax, plus a 4 per cent per annum capital value increase potential from productivity improvements and valuation movements.

The fund will allow investment participation from institutional and wholesale investors, as well as private equity funds.

“Internationally we see investment portfolios with much higher weightings in alternative investments and particularly agricultural assets. It is aimed squarely at New Zealand investors, with international investors capped at 20% of tranche one capital raising,” said Farm Venture Managing Director Tim Barrett.

Farm Venture has more than 12 years of experience in syndicated farm management.

Syndex focuses its service for proportionally-owned, alternative assets such as agricultural assets, commercial property and private equity. It provides liquidity opportunities for primary and secondary market listings through its cloud-based exchange.

The platform recently broke the three-million-dollar threshold of trades on its secondary market.

Also Read:

Taiwan’s student-founded agritech startup TSSE raises $3m in Series A

UK’s Foresight Fund acquires Canadian Solar’s Queensland farm

Australia: NAB Ventures backs BrickX; AgriDigital closes Series A led by Square Peg

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.