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Laguna Bay food and agriculture investment fund set up
BigLaw firm Corrs Chambers Westgarth has advised Laguna Bay Pastoral Company on the establishment of Laguna Bay Fund 2, a food and agriculture investment fund set to raise up to $1 billion.
Jerome Doraisamy
Firm: Corrs Chambers Westgarth (Laguna Bay Pastoral Company)
Area: Private equity
Value: N/A
Key players: The Corrs team was led by partner Fadi Khoury, who was supported by special counsel Jaclyn Riley-Smith and senior associate William Lehane. Experts from the Financial Sponsors Group also provided assistance.
Deal significance: Speaking about the matter, Mr Khoury said: “We recognise the potential of this fund, given opportunities arising from the projected growth in world population and need to increase food and agricultural production.
“As markets shift, this is a prime example of our work advising investors and fund managers on defensive asset investment strategies being deployed in a deepening inflationary environment.”
Laguna Bay founder and managing director Tim McGavin added: “We are excited about Laguna Bay Fund 2 which builds on our reputation as one of Australia’s leading food and agricultural investors. We are also an early adopter of the Principles of Responsible Investing, sustainable farm management and carbon assessment. We are among the leading pack in measurable emissions reductions with two of our firm’s farming enterprises being ISO accredited as carbon neutral.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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