By Andrei Skvarsky.
Australian investment firm Laguna Bay has hired Apex Group, a Bermuda-headquartered financial services provider, to manage a fund for investing in food and agricultural projects in Australia and New Zealand.
Laguna Bay Fund 2, the vehicle Apex will manage, is planned to raise and invest up to 1bn Australian dollars (US$672m), according to a statement from Apex.
Fund 2 is the third investment vehicle of Laguna Bay, a company headquartered in Brisbane and specialising in food and agricultural projects in Australasia.
Apex’s partnership with Laguna is just one part of the British company’s growing business in Australia and New Zealand.
Earlier on, Apex bought out investment companies Mainstream and MMC, the former based in Australia and the latter in New Zealand, and won new clients, including Australian ESG-focused investment firms Octopus Investments Australia, New Forests and Federation Asset Management.
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