Agricultural fund manager AAM Investment Group had National Australia Bank drumming up interest in its $60 million equity raise to fund livestock and property purchases.
Agricultural fund manager AAM Investment Group has National Australia Bank drumming up interest in a $60 million equity raising to fund livestock and property purchases.NAB flashed the terms to clients on Wednesday afternoon, calling for bids by June 28.
Funds raised was for AAM’s AAM Diversified Agriculture Fund , an investment fund set up in January 2020 with a $420 million portfolio across poultry, cropping and livestock finishing, organic sheep and beef and sustainable fibre. Fund-raising documents sent to potential investors said to start the Northern Australia beef expansion, AAM would buy 40,000 cattle over a six-month period, and to take over the lease of 550,000 hectares Katherine Aggregation which is owned by another of AAM’s funds, Pastoral Development Trust.
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