CPE News – pcJournal (8/22/2018) – Bonnefield Financial Inc. has held a third closing of its Bonnefield Canadian Farmland LP IV with additional commitments of $80 million.
The new close brings Bonnefield Canadian Farmland LP IV’s total committed capital to date to $211 million.
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: wobogre via pixabay
BONNEFIELD ANNOUNCES THE THIRD CLOSE OF BONNEFIELD CANADIAN FARMLAND LP IV
TORONTO Canada, August 22, 2018 – Bonnefield Financial Inc. announced the third closing of its Bonnefield Canadian Farmland LP IV with new commitments of $80 million. These additional commitments, from both new and existing investors, bring LP IV’s total committed capital to date to $211 million.
“Our goal is to generate stable long-term growth of capital and annual income while protecting and enhancing farmland for farming. That both new and existing investors committed to this funding round, is a testament to the success of LP IV and of Bonnefield’s business model in supporting Canadian agriculture,” said Tom Eisenhauer, Bonnefield’s CEO. “Our farmland lease solutions have proven attractive to more than 100 of Canada’s leading farmers, who want to retain control of their operations while working with a long-term financial partner to help them grow, reduce debt and aid succession and transition. We’re excited to see where LP IV will go in the future.”
With the new commitments to LP IV, Bonnefield’s total assets under management increases to more than $650 million across three active funds. Bonnefield continues to grow by focusing on high-quality farmland and a broad diversity of crops and regions. Bonnefield now has approximately 100,000 acres, operated by more than 100 farmers across Canada.