Non-bank fund to cater for farming demand

Non-bank lender Merricks Capital has set its sights on creating a multibillion-dollar agricultural lending platform that will provide capital for farm acquisitions as it looks to generate double-digit returns for its wealthy investor base from the booming farming sector.

The Liberman family-backed fund manager expects to raise $500 million within 12 months for its Agriculture Credit Fund that launches on Wednesday, and increase that over time through wealth platforms and its high-net-worth clients.

The fund will provide loans of between $10 million and $150 million to farmers across the spectrum, from dairy to horticulture, for real estate acquisitions and related investments in infrastructure and supply chains.

Click here to read this article in full as published by The Australian Financial Review

Written by: Larry Schlesinger