Bonnefield's Fund III shoots past second close target, raises $261 mln
Bonnefield Financial, a private equity firm that specializes in investing in Canadian farmland, has netted $261 million in the second close of its third partnership, Bonnefield Canadian Farmland LP III. The firm said the close was oversubscribed, and exceeded its original fund-raising target of $200 million. Fund III will focus on providing Canadian farmers with land-lease financing to support their growth and succession plans as well as to help them reduce debt and improve profitability. Last July, Bonnefield completed a major agricultural land deal, acquiring assets in Dufferin County, Ontario from the The Highland Companies. With offices in Ottawa and Toronto, the firm has to date secured around 35,000 acres of farmland for farmers in Alberta, Saskatchewan, Manitoba, Ontario and New Brunswick.
