TORONTO, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Bonnefield Financial Inc. announced the third closing of its Bonnefield Canadian Farmland LP IV with new commitments of $80 million. These additional commitments, from both new and existing investors, bring LP IV’s total committed capital to date to $211 million.
“Our goal is to generate stable long-term growth of capital and annual income while protecting and enhancing farmland for farming. That both new and existing investors committed to this funding round, is a testament to the success of LP IV and of Bonnefield’s business model in supporting Canadian agriculture,” said Tom Eisenhauer, Bonnefield’s CEO. “Our farmland lease solutions have proven attractive to more than 100 of Canada’s leading farmers, who want to retain control of their operations while working with a long-term financial partner to help them grow, reduce debt and aid succession and transition. We’re excited to see where LP IV will go in the future.”
With the new commitments to LP IV, Bonnefield’s total assets under management increases to more than $650 million across three active funds. Bonnefield continues to grow by focusing on high-quality farmland and a broad diversity of crops and regions. Bonnefield now has approximately 100,000 acres, operated by more than 100 farmers across Canada.
About Bonnefield
Bonnefield is Canada’s foremost provider of land-lease financing for farmers, dedicated to preserving “farmland for farming” across Canada. We partner with progressive, growth-oriented Canadian farmers to provide farmland leasing solutions to help them grow, reduce debt and finance retirement and succession. Bonnefield and its farmland funds are 100% Canadian owned and controlled. Our investors are Canadian individuals and institutional investors who are committed to the long-term future of Canadian agriculture. www.bonnefield.com
CONTACT: Contact: Lisa Courtney Lloyd lclloyd@bonnefield.com