Warakirri Diversified Agriculture Fund
Warakirri Asset Management has launched a new agricultural fund, called the Warakirri Diversified Agriculture Fund, which will purchase and develop a diversified portfolio of Australian agricultural assets and lease them to high quality tenants.
The fund will focus on investments in higher value sectors such as nuts, fruit, vineyards, intensive livestock, agriculture infrastructure and water.
“Warakirri is pleased to announce this initiative and has observed, over a long period of time, the value to investors of incorporating professionally managed agriculture into their investment portfolios” Warakirri managing director, Jim McKay, said.
The unit trust is targeting over $300 million in investments and has a minimum investment of $100,000. The management fee is 1 per cent of gross assets under management. There is also a performance fee of 15 per cent of fund outperformance over an IRR (internal rate of return) highwater mark of 8 per cent per annum.
Launch date: 15 Nov 2018. First Close: 31 Mar 2019
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