Laguna Bay Announces First Close of Australasian Agricultural Fund at A$280 million
Laguna Bay today announced the successful first close of the Laguna Bay Agricultural Fund (‘the Fund’), at A$280 million. This marks the launch of Laguna Bay’s second investment vehicle for institutional investors.
The Fund has a wide mandate within the agricultural sector. It will invest in a portfolio of low-risk, high-quality agricultural assets in Australia and New Zealand. The focus is on the generation of a stable and growing income yield, preservation of capital and potential for significant long-term capital appreciation.
- "Agriculture is a specialized asset class requiring experience, creativity, and deep rural relationships. There are only a handful of asset managers globally that are geared to the institutional market. Laguna Bay collects, processes and peer tests operators and data to produce credible output projections. This, coupled with their discipline in asset pricing, provided us with added confidence in the space. Laguna Bay was an important part of the establishment of Cowal Agriculture Holdings, our investment vehicle for Australian farmland."Hugh WrigleyFounding Partner of Global Endowment Management
- "To be successful in farming you must hire the unhirable in a structure that both aligns incentives and is non-gamable by both parties. Laguna Bay's model and people achieve this."Jonathan WestAssociate Professor at Harvard University
- "The difference that the partners in Laguna Bay bring to agricultural funds management is their combination of financial products knowledge and a passion for and a track record in agriculture and horticulture as well as a strong work rate and, most of all, persistence."David RobinsonChairman of Australian Food & Fibre Limited (AFF)
- "Agriculture will be one of the most exciting and profitable sectors over the next decade or two after 3 decades of dismal returns."Jim RogersInternational Investor, Author and Market Analyst