Strategy Overview
Strategy Description
The strategy is dedicated to building a diversified global portfolio of assets, consisting primarily of farmland and generating stable, attractive returns over the long-term for investors.
The strategy seeks to create unique partnerships with top-tier local operators and invests primarily in the row crop, permanent crop and animal protein sectors.
The strategy is led by a team of highly experienced, industry-focused executives who have invested over US$5 billion in agriculture and forestry assets across close to 4 million acres of land on a global scale. The founding team has worked together for more than 14 years, including at one of Canada’s largest pension plans. There, they founded and led the Natural Resources group, which at the time of their departure was one of the largest investors in the asset class in the world.
Why Invest in Agriculture
- Portfolio diversification: Farmland exhibits negative/low correlation with traditional and alternative asset classes
- Historically demonstrated strong risk adjusted returns high Sharpe ratio over the last 20 years
- Reliable Store of Value as principal asset is land
- Inflation hedge
- Positive long term secular trends; population growth, rising incomes and urbanization in developing countries; westernization of diets leading to increased demand for farmland and a concurrent decline in arable land per person
- Attractive cash yield from crop production
Highlights
- Manager
- Fiera Comox Partners
- Ownership
- Fiera Capital Corporation (60%); Comox Equity Partners (40%)
- Targeted Gross Return
- 10 to 12% IRR
- Targeted Net Return
- 7 to 9% IRR
- Targeted Cash Yield
- 3 to 5%
- Target Leverage
- 30 to 35% LTV
- Vehicle
- Open-Ended
Investment Team
Fiera Private Markets Solutions provides efficient access to a diverse global suite of innovative investment solutions through thoughtfully managed and optimized asset class portfolios. Clients benefit from global exposure to high quality private credit, real estate, natural capital, infrastructure and private equity investment opportunities.
They are assisted by an analyst.
Additional Strategies
Managed by the Team
Documents
Important Disclosures
Nothing on this website should be viewed as a recommendation, offer or solicitation to buy or sell any security or investment and does not constitute investment, legal, tax or accounting advice. Services are offered only to qualified investors and only in accordance with applicable laws and regulations in each relevant jurisdiction. Information is believed to be accurate as of the publication date but may change without notice; no warranty is provided, and Fiera Capital and its affiliates disclaim liability for its use.
Past performance is not a guarantee of future results. Inherent in any investment is the potential for loss. Target returns are aspirational, forward-looking and do not represent actual performance. There is no guarantee that such performance will be achieved, and actual results may vary substantially. Metrics (e.g., exposures, ratios, characteristics) are for reference only and may not capture all relevant factors. Different metrics may lead to materially different conclusions; Any specific holdings mentioned are for illustration only, and may not represent the full portfolio, past holdings, or future positions. Indices are unmanaged, not investable, and do not reflect fees or expenses. Index comparisons are provided for context and portfolio holdings may differ significantly from those of any index; All investment strategies involve risks, including market, economic, financial, operational, liquidity, valuation, and regulatory risks. Certain strategies may use leverage, derivatives, or concentrated exposures, which can increase volatility and risk of loss; No strategy, diversification approach, or risk management technique can eliminate risk, or guarantee returns in all market environments; Investors should review relevant governing documents and consult their own advisers before making investment decisions.
Environmental, social, governance (“ESG”) or impact related goals, commitments, or initiatives referenced on this website are voluntary, may not apply uniformly across strategies, and may be modified or discontinued at Fiera Capital’s discretion. ESG-related processes do not guarantee any specific investment outcome.