The Nature Conservancy Australia established the Murray-Darling Basin Balanced Water Fund to provide water security for Australian farming families while protecting culturally significant wetlands that support threatened species. The Fund will invest in permanent water rights in the Southern Murray-Darling Basin and allocate those rights in a smart way. When water is scarce and agricultural demand is higher, more water will be made available to agriculture. When water is abundant and agricultural demand is lower, more water will be allocated to wetlands. It is a win-win, aligning the interests of people and nature.
Operating in the world’s largest water market, the Murray-Darling Basin Balanced Water Fund will be the first water investment fund in Australia to address balanced environmental, agricultural, social and financial outcomes. The Fund’s water portfolio is managed by Kilter Rural, one of Australia’s largest water fund managers with over $175 million of water assets under management.
The Fund’s initial capital raise closed on 23 December 2015 having raised $22 million in equity and $5 million in debt. Since then the Fund has:
- Fully deployed available capital
- Generated an operating profit nine months ahead of forecast
- Made its first unit holder distribution 12 months ahead of forecast
- Supported its first environmental watering event, and
- Supported the development of high value irrigated agriculture.
The Fund’s second capital raising has now been initiated with the release of a Supplementary Information Memorandum issued on 27 September 2016. This document is to be read in conjunction with the Information Memorandum dated 19 October 2015, an addendum issued on 8 December 2015, an addendum issued on 21 December 2016 and an Addendum issued on 28 March 2017.
Notice: The General Offer and Priority Offer Closing Date stated in the Supplementary Information Memorandum issued on 27 September 2016 has been extended to 5pm on 30 September 2017. An Addendum which updates the Information Memorandum was issued on 29 June 2017. All other terms and conditions will remain the same as set out in the Supplementary Information Memorandum dated 27 September 2016.
Update: The Trustee has issued an updated Information Memorandum dated 25 October 2017.