Patient capital targeting a 3-year investment horizon. 15-25 investments across both listed and unlisted opportunities.

The Fund will invest in both listed and unlisted companies operating in the Agriculture and Food industries within Australia, New Zealand and the Rest of the World.

The world has to eat. With population growing at ever increasing rates, food and agriculture innovation is becoming increasingly important. The challenge for the food and agriculture industries is to more efficiently fuel human growth while at the same time reducing their impact on the planet.

Wholesale Investors only

The Fund Manager, AgFood, is a team of experienced professionals, each with wide experience in the Agriculture or Food industries, specifically in either a management or finance role.

Target Return

Absolute return of 8-10% p.a. over a 3 year period.

Initial Holding Period
Investors will be required to hold their investment for a minimum of 24 months.

Redemptions
Investors may apply to withdraw some or all of their investment by sending the Trustee a completed withdrawal request (subject to a 6-month notice period and the minimum holding period). The Trustee may suspend or refuse redemption requests in certain circumstances.

The Strategy of the Fund is to:

Achieve its objectives over a 3-year time horizon by leveraging its expertise, experience and networks to:
• Invest in companies whose business operates within an attractive niche of either the Agriculture or Food industries and has scope to grow.
• Identify opportunities by understanding a company’s supply chain position and the challenges it faces.
• Partner with companies that demonstrate active listening and doing. They need to respect external advisers and utilize their experience to foster scalable growth
• Identify companies which seek to employ and retain experienced people across their business.
• Look for Co-investment opportunities to manage preservation of capital.
• Own unlisted companies with a 12-24-month path to an IPO and/or a convertible note position; and listed equities. These companies should be positioned to deliver the possibility of a major step in value.

The Fund is an Absolute return fund with the following characteristics:

• No short selling of investments
• Can use derivatives and other tools to manage risk
• The unlisted investments can be either equity or debt instruments (e.g. Convertible Notes, financing arrangements)

Asset Allocation 

Up to 10% of the portfolio can be held in cash. The 10% cash maximum can be adjusted up or down with Board approval. The Fund can invest in listed & unlisted Australian, New Zealand and Rest of World securities & companies, as well as in securities expected to be listed on the OECD exchanges.