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?

  • Top class operating partners
  • Long-term investment horizon
  • Sector expertise across the timber and agriculture spectrum
  • Availability of capital
  • Responsible investing and high ESG standards

Natural Resources at a glance

[In C$ as at March 31, 2024]

$
15.2
B

Net assets under management (AUM)

$
0.6
B

Portfolio income

4.1
%

1-year rate of return

7.0
%

5-year annualized return

Discover where we invest

Geographic diversification

  • 43.9%
    Oceania
  • 25.5%
    US
  • 14.4%
    Central and South America
  • 11.3%
    Canada
  • 4.9%
    Europe

Sector diversification

  • 41.4%
    Permanent Crops
  • 23.1%
    Timber
  • 20.4%
    Row Crops
  • 12.8%
    Animal Protein
  • 2.3%
    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.

Meet our team leader

Marc Drouin

 

Senior Managing Director, Real Assets and Global Head of Natural Resources Investments

 

Contact the team

Portrait of Marc Drouin, Managing Director Head of Natural Resources

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