Investment management firm Solum Partners (website) has announced the successful closing of its second fund, Solum Partners Fund II, L.P., and related vehicles. The fund surpassed its initial target, securing $850 million in capital commitments from various global institutional investors.
Solum Partners is known for its hands-on approach to investing in large-scale agricultural operators worldwide. The firm prioritizes forming local partnerships with leading operators and is committed to achieving operational excellence and continuous improvement across its portfolio.
Fund II will focus on investing in production assets across various crop types, including coffee, almonds, apples, and berries. Solum is dedicated to supporting the local communities it invests in and aims to drive sustainable impact through active portfolio management.
Despite the challenging geopolitical and macroeconomic landscape, Solum’s CEO, Colin Butterfield, expressed gratitude for the strong demand shown by investors for Fund II. The firm’s unique owner-operator approach involves partnering with farmers and industry leaders to provide capital, foster operational improvements, and leverage vertical integration, positioning them at the forefront of the industry for continued and accelerated success.
Eaton Partners acted as the exclusive placement agent for Fund II, while Kirkland & Ellis LLP served as counsel for Solum Partners. With the closing of this fund, Solum Partners has demonstrated its commitment to advancing the global agricultural sector through strategic investments and partnerships.
Photo by Fumiaki Hayashi on Unsplash
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