Black River completes final close
US-based Black River Asset Management announced this week it had completed a final close for its product, the Black River Food Fund 2, on 4 Novemeber, 2014.
The company said total commitments to the fund were oversubscribed and hit the hard cap of $700 million with aggregate commitments to Black River's food fund strategies now exceeding $1.2 billion.
The company said the Food Fund 2 product was focused on investments in growth companies competing in the food and agribusiness value chain.
Black River AM described the product as striving to invest in sustainable high-margin opportunities underpinned by growing local demand and a favourable supply-and-demand outlook.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
