Bonnefield Canadian Farmland IV raises additional $70 mln

Canadian private equity firm Bonnefield Financial has secured an additional $70 million commitment for its fourth farmland fund. The money came from a large Canadian pension plan and brings capital committed to Bonnefield Canadian Farmland IV to $130 million in total. Fund IV, which will continue raising capital, provides Canadian producers with sale-leaseback solutions to grow, reduce debt, and help transition their farm to the next generation, Bonnefield CEO Tom Eisenhauer said. Toronto-based Bonnefield, which now oversees more than $500 million in assets, has a coast-to-coast portfolio that reflects about 100,000 acres, worked by 70 farm families.

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