Field Notes: Warakirri launches A$500m dairy fund; New Mexico ERB commits $50m to Tiverton vehicle

Warakirri Asset Management launches A$500m dairy fund; New Mexico ERB commits $50m to Tiverton vehicle; Australia accelerates water buyback program; Regenerative forestry can capture 20 percent more carbon, says SLM Partners ; Gresham House readies itself for a big year in biodiversity; and more. Welcome to Field Notes, the start-of-the-week briefing.

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First look

Warakirri launches A$500m dairy fund

Agricultural investor Warakirri Asset Management has launched a new strategy focused on Australian and New Zealand dairy assets with a fundraising target of more than A$500 million ($311 million; €299 million). Continue reading...

They said it

“We’re happy to work with the managers to figure out what’s the best way to get an exit. If that is a continuation fund, then so be it”

FinDev Canada Canada chief investment officer and vice-president Paulo Martelli, CFA says the DFI will take a long-term view to its investments in Southeast Asia after it opened its first overseas office in Singapore.

LP watch

New Mexico commits $50m to Tiverton vehicle

The New Mexico Educational Retirement Board has committed $50 million to a vehicle managed by Tiverton , according to the $17.5 billion pension’s chief investment officer.

Read more here.

Water

Australia accelerates water buyback program

Australia is accelerating its water buyback program in the country’s agricultural heartland, the Murray-Darling Basin, as it moves to restore the health of the river system. The government aims to secure an additional 450GL per year of ‘environmental’ water in the Murray-Darling Basin by 2027 by purchasing entitlements from voluntary sellers.

Forestry

‘Regenerative forestry can capture 20% more carbon’

A white paper published by fund manager SLM Partners says forestry managed using regenerative practices can sequester 20 percent more carbon than prevailing clear-fell or rotational management.

Read the story in full here.

Results

Regal reaps rewards of M&A growth

ASX-listed alternative investment manager Regal Partners is boasting a record-breaking fundraise in a year that also saw the company make two major agricultural acquisitions.

In its 2024 financial results briefing last week, Regal Partners announced that its funds under management surged 64 percent year-on-year to hit A$18 billion.

Read this week's Field Notes in full here.