By Lynda Kiernan-Stone
September 15, 2021
Excerpt from article:
Since its formal launch in mid-2020, Calgary-based Veripath Farmland Partners (Veripath) has rapidly grown, today reaching approximately $170 million AUM. The latest addition to its portfolio came in the form of the recent acquisition of 10,500 contiguous acres of farmland in Alberta, Canada, bringing total portfolio acreage to about 90,000 acres.
Veripath’s highly experienced team offers funds that incorporate two features that are unique for the Canadian market, Stephen Johnston, director, Veripath, told GAI News. The first is an evergreen structure giving their investors control over exactly how long they wish to continue being deployed in the fund, as opposed to a traditional private equity structure wherein the life of the fund is predetermined. This enables long-term investors, such as family offices or pensions and shorter-term investors such as retail, to gain access to farmland that they seek through the same vehicle.
Original article here