Bonnefield raises initial $60 mln for fourth farmland fund
Canadian private equity firm Bonnefield Financial announced the first close of its fourth farmland fund. Bonnefield Canadian Farmland LP IV secured an initial $60 million commitment from an existing limited partner in Canada. Its predecessor, Bonnefield Canadian Farmland LP III, which closed at $261 million in 2014, is now fully invested. Like past funds, Fund IV will provide Canadian farmers with land-lease financing to support their growth and succession plans, and help them reduce debt and improve profitability. Established in 2009, Ottawa-based Bonnefield has developed a pan-Canadian farmland portfolio reflecting partnerships with some 53 operators.
2 August 2016•2 mins read
