Bonnefield nets initial $80 mln for new farmland evergreen fund

Canadian private equity firm Bonnefield Financial has unveiled a new evergreen fund to invest in Canadian farmland. Bonnefield Canadian Farmland Evergreen LP held an initial close in January, raising about $80 million from investors. The fund, which will continue to raise capital throughout 2017, will help expand Bonnefield's portfolio of farm assets through sale-leasebacks with farmers looking to grow or manage succession plans. Portfolio assets are currently located in Alberta, Saskatchewan, Manitoba, Ontario and New Brunswick. Led by President and CEO Tom Eisenhauer, Bonnefield also raises institutional funds. Fund IV secured an initial $60 million last year.

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