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Regenerative agri business, Packhorse, which is aimed at institutional investors has given investors annual total returns in excess of 12% while improving soil health across Australia.
Packhorse wrangles first raising for $1.5b cattle and carbon fund Share Packhorse Pastoral Company, which is backed by Canberra Rich Lister Terry Snow, has closed its first capital raising and acquired its seed asset, a Queensland cattle station, as it embarks on a plan to muster a $1.5 billion cattle and carbon fund over the next five years. The $62.5 million raising helped Packhorse lock in its first acquisition, the 8360-hectare Stuart’s Creek near Roma, in a $30 million deal, bought from private owners. The deal also puts it on the way toward its initial target in its first year of oper...