Monday, 27 June 2016
Last updated 2 days ago
Jun 27 2011 | 9:15am ET
Private equity and VC firm Sun Mountain Capital has invested in Teucrium Trading and its family of single-commodity exchange-traded products. The value of the investment was not revealed.
Said Teucrium President Sal Gilbertie, “We are very excited by this investment in Teucrium and see it not only as an endorsement of our business model, but also a reflection of surging interest in next-generation commodity ETPs.”
Matt Culler, principal at Sun Mountain Capital, said: “Sun Mountain is excited to be supporting an innovative and unique company like Teucrium Trading. As a provider of single-commodity exchange-traded products, we believe that Teucrium’s fund offerings will continue to gain market traction and deliver previously unavailable trading strategies to a marketplace eager for commodities exposure.”
Teucrium’s ETPs include the already launched corn, natural gas and crude oil funds and the soybean, sugar and wheat funds which are expected to receive listing approval by the end of the summer.
Sun Mountain, based in Sante Fe, New Mexico, currently manages or advises on private equity investments worth $500 million.