Farmland fund manager LandFund Partners has raised $5.5 million for its fourth investment vehicle, according to the Tennessee-headquartered firm’s founder and president.
John Farris told Agri Investor that LandFund Partners IV has a target of $30 million and is soliciting investments from family offices, small university endowments, high-net-worth individuals and family trusts. The amount gathered by the fund thus far comprises $2.5 million from the firm’s executives and $3 million from existing investors, he said.
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