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Warakirri Diversified Agriculture Fund

Overview

The Warakirri Diversified Agriculture Fund (Fund) has been established with the intent to purchase, develop and own a diversified portfolio of investment grade Australian agricultural assets and lease to high quality agricultural businesses (tenants) - a ‘Core Agricultural Property’ investment strategy.

Target Returns

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

WDAF

The Fund will provide investors with a defensive portfolio exposure exhibiting risk characteristics similar to both bonds & infrastructure:
  • Competitive risk adjusted returns, uncorrelated to other asset classes and a low level of volatility
  • Strong income yield;
  • Exposure to real assets;
  • Long-term capital growth;

Fund Raising

Applications for Units in the Fund for Stage 1 close the earlier of the receiving Committed Amounts of $100m or 31 March 2019. 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.

Further Information

Fact Sheet - Warakirri Diversified Agriculture Fund
Watch Video Summary

Please contact the Investor Relations team at investorrelations@warakirri.com.au or 03 8613 1111 for a copy of the Information Memorandum or an Application Form.

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