AreaOne Farms Fund III reaps harvest in $130 mln close

AreaOne Farms wrapped up its third farmland private equity fund, raising $130 million thanks to institutional investors seeking initial access to agricultural assets. AreaOne Farms Fund III exceeded by 30 percent its $100 million target in a close last month, Joelle Faulkner, president and chief executive of AreaOne, told PE Hub Canada. The fund secured 4x the combined total raised by its two predecessors over 2013-2014. The Toronto firm achieved this by signing up more limited partners, including first-time institutional backers.

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