Fund invests in and actively operates global food and agriculture assets
BOSTON–(BUSINESS WIRE)–Solum Partners (“Solum”), an investment management firm focused on the food and agriculture industry, today announced the closing of its second fund, Solum Partners Fund II, L.P. and related vehicles (“Fund II”). Fund II surpassed its initial target to close with $850 million in capital commitments from a broad range of global institutional investors.
Having spun out from Harvard Management Company (HMC) in October 2020, Solum utilizes a hands-on approach to investing in global large-scale agricultural operators, underpinned by the deep industry knowledge of its team of over 25 professionals. Solum prioritizes forming local partnerships with leading operators and is dedicated to achieving operational excellence and continuous improvement across its portfolio.
Fund II invests in production assets globally across a variety of crop-types, including coffee, almonds, apples and berries. In deploying capital and managing its investments, Solum remains committed to supporting the local communities it invests in and aims to drive sustainable impact through active portfolio management.
Colin Butterfield, CEO of Solum Partners stated, “We appreciate and are encouraged by the strong demand and enthusiasm shown by our investors for Fund II, especially when considering the current geopolitical and macroeconomic landscape. It is a privilege to be entrusted with this capital and we look forward to continuing to identify and manage sustainable food and agriculture assets in the pursuit of attractive risk adjusted returns.”
“As the global agriculture and food production industry continues to evolve, businesses have needed to adapt and meaningfully scale operations to keep pace,” added Butterfield. “Through our unique owner-operator approach, we are proud to partner with farmers and industry leaders to not only provide capital but also foster operational improvements and leverage vertical integration to ensure they are at the forefront of the industry and positioned for continued and accelerated success.”
Eaton Partners acted as the exclusive placement agent for Fund II and Kirkland & Ellis LLP acted as counsel for Solum.
About Solum Partners
Solum Partners, headquartered in Boston, Massachusetts, manages approximately $1.9 billion in assets within the agriculture and food production industry as of March 31, 2023. The firm utilizes its hands-on approach and industry knowledge to enhance the value of its investments and deliver attractive risk-adjusted returns for investors. The firm’s strategy is driven by a focus on strong partnerships, operational excellence, and continuous improvement and is underpinned by a comprehensive approach to ESG. For more information, please visit https://solumpartners.com/ or contact firstname.lastname@example.org.
Prosek Partners, on behalf of Solum Partners
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