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.