A Conservation Resources farmland property in ArkansasBusiness Wire | 4 September 2024Conservation Resources achieves final close for inaugural farmland fund
Conservation Resource Partners announced today the closing of its inaugural North American farmland private equity fund, Conservation Resource Capital VI, L.P. ("CRC VI" or "the Fund"). CRC VI leads the agricultural investment sector by employing an innovative, impact-focused strategy that seeks to develop and monetize the agricultural and environmental values of the properties in which it invests.
CRC VI enjoyed strong investor support, with forty-nine limited partners committing to the Fund. The Limited Partner base featured institutional as well as high net worth investors, from both North America and Europe. The Fund capitalized on Conservation Resources’ two-decade history of investing in real assets and the majority of committed capital came from existing investors from CR’s previous timberland and farmland investment strategies.
"We are thrilled to announce the final closing for our inaugural farmland fund," said Stavros Koutsantonis, CR chief operating officer and portfolio manager for the Firm’s agricultural investment strategies. "We see a sizeable opportunity to combine what Conservation Resources believes to be favorable supply-demand fundamentals for U.S. farmland with the growing pool of ‘impact capital’ that is seeking to reverse the unintended environmental consequences of industrial agriculture in the U.S., and to do so in a way that benefits American farmers."
The Fund deployed 100% of committed capital in a mix of directly operated and leased permanent crop, row crop and pasture land investments across the U.S. All properties are farmed organically and/or regeneratively and pursue certification under what CR believes to be the industry’s most stringent standards. Impact results achieved by the Fund to date include the establishment of one of the largest bee pollinator habitats in the Pacific Northwest, the receipt of payments for carbon sequestration and methane reduction as a result of regenerative farming practices, and the successful, voluntary implementation of all Sustainable Finance Disclosure Regulation (SFDR) Article 9 provisions, the European Union’s highest anti-"greenwashing" standard for investment funds.
About Conservation Resources
Since its inception in 2004, Conservation Resources has invested over $1.2 billion in real assets utilizing its differentiated private equity investment strategies. The Firm's mission is to create high quality portfolios of timberland and farmland properties, investing for long-term financial and environmental impact.
