Homestead Capital holds $400m final close for farmland fund
Homestead Capital USA has announced the final close for its Homestead Capital USA Farmland Fund II with $400 million in equity commitments.
Recently, IREN reported the fund has raised $387 million. The fund surpassed its original fundraising target of $350 million and is more than double the size of Homeland Capital’s debut fund, Homestead Capital USA Farmland Fund I, which owns a portfolio of farms across 11 states producing 16 different crops.
Homestead Capital USA Farmland Fund II will continue its predecessor’s focus on row and permanent crop farmland investments in the Mountain West, Pacific, Midwest and Delta regions.