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Merricks Capital launches agriculture credit fund

Private debt fund manager Merricks Capital has launched its first vehicle dedicated solely to lending to the agriculture sector.

The firm is aiming to raise A$500m ($389million; €322million) for the fund within its first 12 months, with the vehicle set to provide loans of between A$10 million and $A150 million to counterparties.

Loans will be “backed by hard assets,” the firm said in a statement, and will target sectors including dairy, horticulture, livestock, cropping, forestry, cotton, food processing and supply chain infrastructure.

The firm said it had identified a funding gap of around A$7.5 billion per year in Australian agriculture, and its active involvement in agricultural lending to date through its other funds provided it with the experience to increase its focus on the sector.

Click here to read the full article on Agri Investor

Written by: Daniel Kemp

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