Bonnefield Canadian Farmland LP IV holds $70M 2nd close

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By Ted Liu

Bonnefield Financial Inc. has completed second close for its Bonnefield Canadian Farmland LP IV, securing $70 million commitment from a unnamed Canadian pension plan, bringing the total committed capital to $130 million. The fund is expected to grow further in the coming months.

“This new commitment from one of Canada’s largest institutions shows the attractiveness of Bonnefield’s business model,” commented Tom Eisenhauer, CEO of Bonnefield. “Canadian farmers use our long-term, farmland sale-leaseback solutions to grow, reduce debt, and help transition their farm to the next generation. At the same time, our approach produces consistently attractive, low-risk, low-volatility returns for investors. And best of all, it enables us to ensure prime farmland across Canada is protected for farming use.”

With the new commitment to LP IV, Bonnefield’s total assets under administration now exceed $500 million across three active funds. Bonnefield Canadian Farmland Evergreen LP, formerly Bonnefield Canadian Farmland LP II, held a second close in May 2017.

“Our asset growth is the result of strong interest from both institutional and high-net-worth investors in farmland as an attractive, inflation-hedging investment,” added Eisenhauer. “Bonnefield’s scale has enabled us to assemble the most diversified, highest-quality farmland portfolio in Canada, with approximately 100,000 acres coast-to-coast, farmed by 70 Canadian farm families who grow a broad range of crops including grains, pulses, vegetables, potatoes, fruit, and specialty crops.”

Toronto and Ottawa based Bonnefield is Canada’s foremost provider of land-lease financing for farmers, dedicated to preserving “farmland for farming” across Canada. Bonnefield and its farmland funds are 100% Canadian owned and controlled. Its investors are Canadian individuals and institutional investors.

photo credit: CPE Media