Galtere Offers Agribusiness Private Equity Fund

Sep 1 2010 | 10:35am ET

Commodities hedge fund shop Galtere is getting into the private equity business with a new fund that invests in industrial commodity production.

The new fund is managed by Renatto Barbieri, formerly of Deutsche Bank Global Markets’ own natural resource private equity business, and aims to profit from what Galtere calls “inverse stagflation”: the concomitant decrease in value of financial assets and increase in agricultural and other real assets.

“I believe the geography, supply and demand conditions and resources of the countries we have targeted present a wealth of attractive agricultural projects, and we have already begun to invest in projects that offer excellent long term growth potential,” Barbieri said. “The current global and financial conditions make it an ideal time to be launching this strategy, and we are excited at what we can achieve for our investors.”

The fund will invest in a variety of macro-driven global agribusiness opportunities, especially those in agricultural production, infrastructure, technology and soft-food staples. The firm has identified Australia, Brazil and Uruguay as the most promising countries for investment, and aims to help portfolio companies boost efficiency, production and profits over a seven-year timeframe.

Galtere, which manages $1 billion, hopes to raise another $1 billion for the private equity fund, concentrating its marketing efforts on institutional investors, endowments and family offices.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...