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 4.7% currently)
- Responsible investing and high ESG standards
Natural Resources at a glance
[In C$ as of March 31, 2021]
Net assets under management (AUM)
Portfolio income
1-year rate of return
5-year annualized return
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Geographic diversification
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55.8%Australasia
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34.3%North America
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7.8%Latin America
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2.1%Other
Sector diversification
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65.7%Agriculture
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30.4%Timber
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2.5%Oil and gas
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1.4%Other
A sample of our investments (non-core Oil & Gas assets are not represented on this map)
Natural Resources in action
Scaling Resources and Strengths
Company: Webster Ltd.
Headquarters: Australia
Sector: Agriculture
Date: 2018
The acquisition of Webster Ltd. by PSP Natural Resources’ was realized in close collaboration with its existing local operating partnerships, Stahmann Farms and Hewitt Cattle. The investment is highly complementary to its existing joint venture footprint in Australia and brings assets of scale as Webster is the southern hemisphere’s largest producer of walnuts, one of Australia’s largest producers of irrigated crops and a leading organic livestock business.
Delicious Growth
Company: Pure Flavor Farms
Headquarters: Canada
Sector: Agriculture
Date: 2019
Pure Flavor Farms is a large, vertically integrated, family-owned player in the fresh produce space. With four generations of greenhouse experience, the company has grown to have (i) greenhouse operations in Windsor, ON and Peach County, GA, (ii) significant sourcing channels of contracted and marketed produce across Canada, the US, and Mexico, and (iii) distribution hubs located in Michigan, Georgia, and Texas. These growing sourcing channels enable the company to provide year-round supply of high-quality produce to key grocery retailers and food service companies within the US fresh produce market. The company will also continue to grow its production base with the expansion of its high-tech greenhouse in Leamington.
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