Barings and Homestead Capital USA LLC announced the closing of a $300 million asset-based finance program to expand Homestead’s loan origination in key regions while broadening Barings’ access to investment opportunities in the agricultural credit market.
San Francisco-based Homestead manages $1.6 billion in equity and credit assets for clients globally, including pension plans, endowments, foundations, insurance companies and family offices. The firm acquires, finances and manages diversified portfolios of farmland assets. With operations across much of the United States, Homestead’s credit strategy provides capital solutions to borrowers ranging from small and mid-sized farmers to large, vertically integrated agribusinesses. Homestead was established in 2012 by Gabe Santos and Dan Little, co-founders and co-CEOs.
“We have been building our credit capability for