Natural Resources

Cultivating long-term partnerships

Investing with strong secular tailwinds

We focus on partnering with best-in-class, local operators to invest in agriculture and timber assets in investment-friendly jurisdictions around the world. A high component of land, water or biological assets typically underpin our investments and add to downside protection. We also seek to invest in opportunities well poised to benefit from secular trends driving continued demand growth and increasingly constrained supply. 

Fast facts

  • We invest in timber and agriculture as well as related opportunities
  • We focus on direct, long-term investments with a heavy land, water or biological asset component
  • We invest alongside like-minded partners and best-in-class operators

What sets us apart?

  • Long-term investment horizon
  • Sector expertise across the timber and agriculture spectrum
  • Availability of capital (target 5% of total PSP portfolio versus 4% currently)
  • Responsible investing and high ESG standards

Natural Resources at a glance

[In C$ as of March 31, 2019]

$
6.8
B

Net assets under management (AUM)

$
574
M

Performance income

11.1
%

1-year rate of return

12.0
%

5-year annualized return

Discover where we invest

Geographic diversification

  • 57.6%
    Australasia
  • 33.3%
    North America
  • 7.6%
    Latin America
  • 1.5%
    Other

Sector diversification

  • 50.9%
    Agriculture
  • 40.9%
    Timber
  • 7%
    Oil & Gas
  • 1.2%
    Other

A sample of our investments (non-core Oil & Gas assets are not represented on this map)

Natural Resources in action

Brewing Business Opportunities

Company: Grupo Montesanto Tavares

Headquarters: Brazil

Sector: Agriculture

Date: 2018

 

The acquisition of Grupo Montesanto Tavares (“GMT”) represents an important joint venture with one of Brazil’s largest coffee farmers and traders. GMT Farming currently manages over 3,000 ha of high quality planted coffee across five farms and the trading business has grown to be the fourth largest coffee trader in Brazil and amongst one of the largest arabica exporter in the world, exporting over 2.5 million bags in 2018.

Cultivating an Inclusive Mindset

Company: Mahi Pono

Headquarters: United States

Sector: Agriculture

Date: 2018

 

Mahi Pono, meaning “to farm or cultivate morally and properly”, is a farming venture created to transform approximately 41,000 acres of former sugarcane land in Maui. The land will be redeveloped into a diversified farming operation in Maui’s Central Valley with an emphasis on high value permanent crops such as citrus, coffee, macadamia nuts and tropical fruit, complemented by grass fed cattle and row crops.

Meet our team leader

Marc Drouin

Managing Director and Head of Natural Resources

 

Contact the team

Portrait of Marc Drouin, Managing Director Head of Natural Resources

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