Area One Farms, an investment firm that builds equity partnerships with Canadian farmers, has announced the launch of Area One Farms Fund IV and Fund V. The two funds will offer investors the “opportunity to invest in equity partnerships with Canadian farmers and farmland.”
According to a press release, Fund IV will offer Canadian institutional investors exposure to investments in farm partnerships in Canadian provinces where institutional investors are legally permitted and desired by local farmers. This fund is structured as a 10-year closed-end fund, and has already secured a cornerstone commitment of $100 million, the company says.
Fund V will offer exposure to farm partnerships in Manitoba and Saskatchewan only. Area One says this fund is a “perpetual entity” with liquidity options starting in Year 5. The fund is open to Canadian individuals or private corporations or trusts that have 100% Canadian beneficiaries.
Area One says these fund offerings allow it to continue “meaningful partnerships with Canadian farmers to help them expand and grow – through land conversion work that emphasizes sustainability.”
“We believe that an operator should always do better working with Area One Farms than they could on their own,” says Area One Farms president and CEO Joelle Faulkner. “We’re excited to launch these new funds and to continue to build strong partnerships with Canadian farmers.”
Area One currently has farm partnerships in Alberta, Saskatchewan, Manitoba, and Ontario.