HedgeCo.Net — Homestead Capital announced a first close on August 14 of its inaugural commingled agriculture private-credit fund, anchored by $150 million from the private-credit team of a large U.S. state pension that the firm did not name. The vehicle is targeting $350 million, with a hard cap of $500 million. It will make senior secured loans to U.S. agricultural borrowers, collateralized by farmland and other agricultural assets. Homestead’s firm AUM was about $1.8 billion as of August 14. T...
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