Homestead Capital, a private investment firm with offices in San Francisco and Council Bluffs, Iowa, has closed its inaugural USA farmland fund at $173 million. This figure falls short of the pool’s original $225 million target, as previously cited in a SEC Form D filing.
The limited partners of Homestead Capital USA Farmland Fund I include pension funds, endowments and foundations, fund of funds, insurance companies and high-net worth individuals.
The fund will focus on diversified farmland investments in the Mountain West, Pacific, Midwest and Delta regions.
So far, $60 million of the fund has been deployed in eight unidentified projects across the four regions.
Daniel Little and Gabe Santos are listed as managing partners on Homestead Capital’s website.
The firm was founded in 2012.
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