Non-bank fund to cater for farming demand
5th May 2021Investors Media Release
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.
Written by: Larry Schlesinger