Founder, Managing Partner & Portfolio Manager
We invest into private market Real Assets through a combination of primary, secondary fund investments and direct/co-investments. Investment activities for all three investment types are fully integrated. We believe that everything needs to fall under the same investment philosophy, and that the GP relationships formed through primary investing are essential to sourcing and executing secondary investments and direct/co-investments
U.S. timberland values have seen substantial growth over the year. The NCREIF Timberland Property Index reported an average timberland value of $1,805 per acre in 1Q 2018. This value dipped in the second quarter to $1,804 per acre before ending the year at $1,848 per acre. Average value for the year was $1,823 per acre, the highest yearly average since 2009
Our approach to secondaries builds on our primary investment activity and is consistent with our overall investment philosophy. This means avoiding auction-driven transactions and focusing on less competitive situations where the process is either controlled by the fund manager or directly sourced from other investors. It also means focusing on smaller transactions in the specialized strategies and segments we favor and focusing on those transactions that are not as straightforward to assess.
Nothing on this website should be deemed to be investment advice. The views and forecasts expressed in any materials on this website are as of the date indicated, are subject to change without notice, may not come to pass and do not represent a recommendation or offer of any particular security, strategy, or investment. Capital Innovations, LLC has no obligation to provide revised assessments in the event of changed circumstances. There can be no assurance that the strategies described will achieve their objectives and goals. Capital Innovations® is a registered trademark of Capital Innovations, LLC. All content is subject to our terms and conditions of use policy.
By directly investing into portfolio companies alongside other investors, participants expect higher returns, increased portfolio transparency, higher control and a reduction in overall fees. We believe that investing directly alongside a private equity firm should only be pursued when all parties - the portfolio company as well as investors and the fund manager - can benefit from it. Our approach has been to leverage our strong primary fund manager relationships. In addition to the requirement that any transaction be within their core strategy, ensuring maximum alignment of interest with the fund manager.
Capital Innovations Insights™
Founder, Chief Investment Officer
We provide global advisory services to investors relating to the set-up and management of a private markets Real Assets program alongside investment-specific advisory services. We provide global advisory services primarily to clients and investors who seek to expand and/or further professionalize their private market investing activities. Our services include the design and implementation of a private markets investment program, investment allocation planning (e.g. by industry, asset class, geography, or investment segment), investment level steering, cash flow planning, portfolio structuring, monitoring, risk management, and reporting.
Private Market Real Assets - Real Expertise™
Agriculture Investing in 2019:The NCREIF Farmland Index (“NFI”) reached an all-time high of $10.2 billion of market value for the 4th quarter of 2018. The farm properties are comprised of 660 row crop properties with a market value of $6.3 billion and 240 permanent planting properties with a market value of $3.8 billion.