Wednesday November 3, 2021
Kilter Rural signs on to global Sustainable Markets Initiative
Major Australian natural capital investment company Kilter Rural has signed on to the international “Sustainable Markets initiative” (SMI) an alliance championed by the HRH The Prince of Wales that seeks to harness finance and investment markets to direct capital to sustainable economic development and environmental outcomes.
The Sustainable Markets Initiative has a target of attracting $10 billion worth of investment globally.
Kilter Rurals membership featured at the launch in Glasgow today at COP26, as well as Kilter’s intention to launch a new private market closed end fund aligned to Natural Capital themes with a target of USD275m.
Commenting on the decision Kilter Rural CEO Cullen Gunn said today that there were tectonic shifts globally in the way capital was being deployed and that membership of SMI is totally consistent with the company’s philosophy and made good business sense for the firm.
“Just last week Kilter Rural announced it had received a new A$70m mandate from a major U.S. based institutional investor, to invest in sustainable Australian agriculture and water assets.”
“The growing support Kilter Rural is achieving from the investment community both here and internationally illustrates that firms that are part of the transition to a low carbon future, as we aspire to be, can gain significant investor support, be a part of the solution and still make great returns.”
Kilter Rural was established in 2004 to deliver profit with impact: investing at scale in the regeneration of farmland, water and environmental assets. Kilter Rural has a fast-growing farmland fund that utilises emerging technology to achieve carbon sequestration at scale in the production of sustainable food.
Kilter Rural has A$250m in funds under management and in 2019 was awarded Australian Impact Asset Manager of the Year.
The Kilter Australian Farmlands Fund continues to meet its regeneration target aiming for 20-30% reforestation of its assets. The Farmlands Fund is moving out of the development phase to full operations with an 8x increase in cropping area for 2022. Kilter currently manages 12,000 hectares of farmland across northern Victoria.
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