Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
Warakirri gets the nod from Zenith for retail entry
Warakirri Asset Management has entered the retail market with a new agriculture investment fund which has already been given an “approved” rating by Zenith Investment Partners. The fund has been launched with several family offices and high-net-worth advisory firms.
Warakirri, which was launched by John Nolan, founder of JANA Advisors, in 2003, has been investing in agriculture on behalf of large institutional clients for about 22 years. It was one of the first Australian managers to develop a capability for investment grade agribusiness analysis.
Called the “Warakirri Diversified Agriculture Fund”, the new vehicle allows private investors to tap into a mix of agribusiness opportunities.
Jim McKay, Warakirri’s managing director, said the fund would buy and develop a diversified portfolio of investment grade Australian agricultural assets with a view to leasing them to tenants – “a core agriculture property investment strategy”.
Adrian Goonan, the chief executive of Warakirri Cropping and Diversified Agricultural Funds Management, will oversee the operation of the new fund.
The fund is near the final phase of its first-round capital raising, targeting $100 million. It has developed a pipeline of foundation partners and potential assets.
– G.B.
