Investment objective

The Fund aims to generate a total portfolio level internal rate of return (IRR) after fees, expenses and Fund level tax, of 7% to 11% per annum via a stable income stream from leasing out assets to high quality agricultural businesses and long-term capital growth of the portfolio assets.

Investment strategy

The investment portfolio will be developed over time within the strategic portfolio asset allocation, with individual investments and portfolio weighting subject to opportunities and value. The Fund will focus on higher value sectors with attractive lease terms and quality tenants. Examples of likely assets in higher value sectors are nuts, fruit, vineyards, intensive livestock, agriculture infrastructure and water.

Portfolio holdings

An indicative long-term portfolio asset allocation is provided below:

 
0-40% Fruit
(Citrus, pears, olives, apples, avocados, mangoes & berries)
0-40% Nuts
(Almonds, macadamia, walnuts & pistachios)
0-30% Vineyards
(Wine & table grapes)
0-30% Intensive Livestock
(Poultry meat)
0-20% Agricultural Infrastructure
(Processing, greenhouses & storage)
0-30% Water Entitlements
 

Fund raising


Applications for Units in the Fund for Stage 1 close the earlier of the receiving Committed Amounts of $100m or entering exclusive negotiations on an asset. In order to achieve further scale and portfolio diversification, it is expected an expansion will take place over time in Stage 2 with the aim of achieving Committed Amounts over $300m. Foundation investors from Stage 1 will receive preferred terms.

Available to wholesale investors only. Please contact us on 1300 927 254 or contact@warakirri.com.au for a copy of the Information Memorandum and an Application Form.

Summary

The global thematic of rising populations, increasing wealth and changing population demographics is not new. An increasing global demand for food, particularly in Asia, provides an opportunity for Australian agriculture to capitalise on its competitive advantages and future growth prospects to deliver strong investment returns.

An investment in agriculture can offer:

  • Competitive risk adjusted returns over the long term;
  • A low level of volatility relative to other asset classes; and
  • Returns uncorrelated to other traditional asset classes

Fund Documents


Fund Ratings

Organisation Rating / Recommendation
Zenith Approved