TORONTO, Jan. 15,
2025 /CNW/ - Bonnefield Financial Inc. (Bonnefield),
a leading Canadian agriculture-focused investment management firm,
announced today the second close of its agribusiness fund including
an anchor investment from Farm Credit Canada (FCC). The Bonnefield
Agribusiness Fund LP I (BAF) has raised over $75 million to date.
BAF invests non-controlling capital to support the growth of
leading Canadian agribusinesses. The fund focuses on established
lower-middle market businesses operating in the middle of the
agriculture value chain, including primary and value-add
processors, food and ingredient manufacturers, and storage and
distribution businesses.
"Canada is globally recognized
as a leading agricultural producer, but there is a shortage of
capital to support the growth of Canadian agribusinesses that
operate downstream from the farm. The investments we make through
the Bonnefield Agribusiness Fund allow our partner companies to
execute on specific growth projects and/or move to their next stage
of growth and productivity," said Sam
Doyle, Managing Partner at Bonnefield.
"We are thrilled to have the partnership of FCC, a leading
provider of capital to Canadian agriculture and food, supporting
these investments," said Andrea
Gruza, President and Managing Partner at
Bonnefield.
"Canadian agriculture needs capital to drive innovation and
support agri-businesses. FCC is committed to working with industry
partners to expand on what's available," said Doug Hewson, Vice-President of Investment for
FCC. "The Bonnefield Agribusiness Fund complements our current
capital solutions, and we are eager to collaborate with the
Bonnefield team to foster impactful investments that support the
industry's growth."
"BAF is a natural evolution for Bonnefield, allowing investors
to gain exposure to the attractive attributes of Canadian
agriculture by leveraging our relationships and expertise in the
industry. This fund is a direct response to inbound operator
queries seeking capital to back strong management teams to fund
growth," said Andrea
Gruza.
The fund has already completed an initial investment into a
leading Canadian produce shipper / marketer with strong growth
opportunities across North
America, and the investment team is currently active on
several additional investment opportunities.
About Bonnefield Financial
Bonnefield is a leading Canadian owned and operated farmland and
agriculture investment manager, providing financing to progressive
farmers and agricultural operators through land-lease and
non-controlling equity solutions. Bonnefield is dedicated to
preserving farmland for farming, and the firm partners with
growth-oriented operators to help them grow, reduce debt, and
finance retirement and succession. The firm's investors are
individuals and institutional investors who are committed to the
long-term future of Canadian agriculture. For more information
visit www.bonnefield.com.
About Farm Credit Canada
FCC is proud to be 100% invested in Canadian agriculture and
food. The organization's employees are committed to the
longstanding success of those who produce and process Canadian
food. FCC provides flexible financing and capital solutions, while
creating value through data, knowledge, relationships and
expertise. FCC offers a complement of financial and non-financial
products and services designed to support the complex and evolving
needs of the industry. As a commercial Crown corporation, FCC is a
stable partner that reinvests profits back into the industry and
communities it serves. For more information,
visit fcc.ca.
SOURCE Bonnefield Financial Inc.
