Laguna Bay Pastoral Company’s A$1 Billion Launch of Laguna Bay Fund 2

Corrs Chambers Westgarth advised Laguna Bay Pastoral Company on the establishment of Laguna Bay Fund 2 and in the cornerstone A$350 million commitment by Washington State Investment Board (WSIB).

Laguna Bay Fund 2, a food and agriculture investment fund set to raise up to A$1 billion, is Laguna Bay’s third investment vehicle, and second flagship fund, having successfully originated, structured, managed and exited institutional grade assets in its first two vehicles. The team was involved in the largest agricultural transaction of 2020 being the successful sale of Australia’s largest almond portfolio. 

Fund 2 will pursue a diversified portfolio of high-quality food and agriculture investments in targeted regions across Australia and New Zealand. Sectors will include midstream processing and infrastructure assets and downstream distribution assets, including vertically-integrated agribusinesses. In an expansion of the traditional strategy, the Fund may also target strategic share investments in listed companies.

Laguna Bay Pastoral Company was established in 2010 and is one of the longest standing agri fund managers in Australia. 

Corrs advised Laguna Bay on all aspects of the launch and establishment of Laguna Bay Fund 2, led by partner Fadi Khoury (Picture) and supported by special counsel Jaclyn Riley-Smith, senior associate William Lehane and other experts across the Financial Sponsors Group. 

 

Involved fees earner: Jaclyn Riley-Smith – Corrs Chambers Westgarth; Fadi Khoury – Corrs Chambers Westgarth; William Lehan – Corrs Chambers Westgarth;

Law Firms: Corrs Chambers Westgarth;

Clients: Laguna Bay;

Sonia Carcano

Author: Sonia Carcano