The product will let investors participate in North American farmland investments
Sprott and Ceres Partners have entered into an agreement to launch the Ceres-Sprott Institutional Farmland Fund. Through the fund, institutional investors can access the North American farmland investment market along with an established manager.
“The addition of a farmland strategy supports our objective of providing investors with access to strategies with low correlation to the broader markets,” said Whitney George, executive vice president of Sprott and chairman of Sprott USA.
A specialist agricultural asset manager based in Indiana, Ceres Partners manages Ceres Farms LLC, a fund focused on row-crop farmland in the Midwestern US. Currently, Ceres Farms owns almost 100,000 acres of productive farmland in ten states; it has assets under management of around US$620 million.
“Farmland is an alternative asset class that we have been investing in since 2007 and we look forward to expanding the relationship between Ceres Partners and Sprott,” said Perry Vieth, CEO of Ceres Partners.
The fund will aim to acquire and actively lease farmland in the US to experienced local farmers. It will also seek income from both tillable and non-tillable areas wherever possible and reasonable given each farm parcel’s unique characteristics.
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“The addition of a farmland strategy supports our objective of providing investors with access to strategies with low correlation to the broader markets,” said Whitney George, executive vice president of Sprott and chairman of Sprott USA.
A specialist agricultural asset manager based in Indiana, Ceres Partners manages Ceres Farms LLC, a fund focused on row-crop farmland in the Midwestern US. Currently, Ceres Farms owns almost 100,000 acres of productive farmland in ten states; it has assets under management of around US$620 million.
“Farmland is an alternative asset class that we have been investing in since 2007 and we look forward to expanding the relationship between Ceres Partners and Sprott,” said Perry Vieth, CEO of Ceres Partners.
The fund will aim to acquire and actively lease farmland in the US to experienced local farmers. It will also seek income from both tillable and non-tillable areas wherever possible and reasonable given each farm parcel’s unique characteristics.
For more of Wealth Professional's latest industry news, click here.
Related stories:
Firm announces mid-market debt fund
Cannabis investment firm closes debt-financing deal
