Beltrán Agriculture Investment Fund

We have our own agriculture investment fund. We manage a range of specialty agricultural industry portfolio across Iberian Peninsula and United States.


INVESTMENT PHILOSOPHY

Consistency, value creation, diversification, risk aversion. The soundness of our business base is without a doubt due to the results achieved by our agriculture industry investment strategies in terms of profitability, which compare very favorably with those of our competitors.

To a great extent this is due to the methodical application since our firm was first created of an agriculture industry investment philosophy in which long-term vision and preservation of capital are two of the most basic cornerstones, and consistency of returns is one of its main objectives, combined with risk diversification and the careful and patient construction of agriculture industry investment portfolios, without trying to anticipate market momentum. At all times we avoid making macro-type bets, while leveraging a broad-based and diverse platform of assets and strategies. All the above are the main hallmarks of our agriculture industry business philosophy.

Since the Group’s foundation we have devoted our efforts to seeking, finding and analyzing the best long-term agriculture industry investment opportunities in private assets. To do this we have drawn on our Group’s talent, capabilities and resources, together with the necessary focus provided by the methodical application of the principles of our investment philosophy:

We seek consistency in returns
We achieve consistency because we apply consistent criteria across agriculture industry asset classes and strategies on Spain, Portugal and United States, and gain a thorough understanding of the risk return profiles presented by each agriculture industry investment opportunity. We believe that consistency over time in our delivery is the true foundation of the trust we build with our clients, and that they follow us because they see a continuity in the delivery of agriculture industry investment performance standards.

Value creation and market independence
As long term investors we are willing to invest in agriculture industry opportunities in which active management, incentives, alignment of interests, new business models, new markets and expansion strategies can help create value by creating or developing companies. Also, as long-term investors, we are firm believers in our analysis of value fundamentals and market independence, and therefore our underwriting assumptions are never based on macro themes or cycle views.

Risk aversion and diversification are key
We apply an agriculture industry investment philosophy focused on value creation through the search of asymmetric risk/return profiles, with a strong focus on downside protection and capital preservation. Sound agriculture industry portfolio construction is central to ensuring solid diversification, which is not about having a large number of investments but rather about building a agriculture industry portfolio with investments that are less correlated. This is achieved through a disciplined and patient deployment of capital.

Multi-asset specialist approach
Beltrán’s Investment Committees across all asset classes benefit from having a consistency of process and sharing a common investment approach. Our agriculture industry asset class specialists in land property, logistics, retail, etc.., give Beltrán’s platform a substantial advantage, which allows each of our clients to benefit from the breadth and depth of agriculture industry investment insights that a global multi-asset firm can provide.

Investment in relations and trust
We firmly believe in the power of relations and trust. Our client base and our agriculture industry managers lie at the heart of what our Group is today and what it has been able to achieve to date. We strive to win the trust of our clients and build long-lasting relationships with them. We concentrate on identifying and developing trusting relationships with unique and consistent managers, who will help implement and make true our agriculture industry investment philosophy.

Positive ESG
We firmly believe that the enforcement of active ESG policies can benefit both ethical and financial dimensions. The application of ESG best practices can improve the financial results of agriculture industry portfolio by reducing risks and creating value, which will ultimately lead to better returns for our clients.


INVESTMENT STRATEGY

Diversification, Discipline, Rigorous Risk Management and Long-term.

We support companies with solid business models and develop management teams that are fully committed to lead transformation projects.

The companies we work with have high ambitions and aspirations to be market leaders through local consolidation and international growth.

Investment criteria:

As a general guidance, agricultural investment opportunities should meet the following criteria. Please do not hesitate to contact us in case of doubt. We love to meet entrepreneurs and owners and have an open discussion, even if the project at hand has not yet crystallized.

Company size:
Sales typically between 10 and 120 million Euros.
EBITDA between 2 and 20 million Euros.
Smaller companies: could be add-on opportunities for our portfolio companies.

Beltrán investment size:
Typically between 10 and 150 million Euro (although we do consider larger investments with Beltrán co-investors).
Smaller tickets could be considered as add-on opportunities for our portfolio companies.

Transaction structure:
Majority as well as minority positions.
Buyout as well as growth capital.
Always equity transactions (possibly combined with other security-types like preferential shares or shareholders loans).

Geography:
Spain, Portugal and United States.

Management team:
Upper management teams who are committed to working and investing with us.

Main investment sectors:
Permanent Crops.
Olive Oil Industry.
Logistics for fresh food.
Novel food and ingredients.
Food processing.
Energy and biomaterials.


Please do not hesitate to contact us. To learn more about Beltrán Agriculture Investment Fund, we invite you to call, email us or social network.


Solutions for Agriculture Industry investments.
We foster growth and create value for our partners, investors, companies and society as a whole.