Bonnefield Canadian Farmland Evergreen holds 2nd close

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By Ted Liu

Bonnefield Financial Inc. has held a second close for the new open-ended farmland fund for private Canadian investors, Bonnefield Canadian Farmland Evergreen LP, securing additional $[mepr-active rule=”374″ ifallowed=”hide”] Read our research and get insight. We offer one-time or monthly/yearly recurring subscriptions. [/mepr-active][mepr-active rule=”374″]7.4[/mepr-active] million from Canadian accredited private client investors.

Bonnefield Canadian Farmland Evergreen LP was formed by combining the assets of two previous closed-end farmland funds managed by Bonnefield: LP I (established 2010) and LP II (established 2013). With the unanimous support of unitholders, Evergreen LP was created to form an open-ended investment partnership with enhanced re-investment, diversification and liquidity features.

Bonnefield Canadian Farmland Evergreen LP held a first close with additional subscriptions from existing and new investors on January 1, 2017, raising $[mepr-active rule=”374″ ifallowed=”hide”] Read our research and get insight. We offer one-time or monthly/yearly recurring subscriptions. [/mepr-active][mepr-active rule=”374″]46.3[/mepr-active] million.

With the first close, Evergreen LP had combined net assets of approximately $80 million with a portfolio of farmland currently located in Alberta, Saskatchewan, Manitoba, Ontario and New Brunswick.

Dentons Canada LLP acts as legal counsel to the fund.

photo credit: David Mark via pixabay