San Jose, CA, November 02, 2021 – JTC Americas (formerly NES Financial) has entered into an agreement to provide fund administration services for LFP Soil Enrichment Fund, LP (“SEF”), an open-ended fund starting with $128 million of farmland comprised of 20,100 cultivated acres. LFP plans to grow SEF to over $1 billion in assets.
LandFund Partners, based in Nashville, TN, manages over 38,000 acres of row crop farmland, or roughly $248 million in assets, in the Mississippi River Valley. LFP identifies and acquires high-quality farmland and leases it to experienced farm operators under the supervision of a professional management team, with an eye toward practices that improve soil health while sequestering and reducing greenhouse gas emissions.
JTC is a global leader in corporate, private client, and fund administration with over $130 billion in AUM and a team of more than 1,200 across 26 jurisdictions. Widely known for its expertise in specialty financial administration, JTC offers solutions for markets characterized by high administrative complexity such as impact/ESG, 1031 exchanges and Opportunity Zones.
An industry pioneer in developing best practices for impact tracking and reporting, JTC Americas was the natural choice for LFP, which aims to employ regenerative agricultural practices to create healthier soils and more climate-friendly farms. This focus on impact has the potential to increase yields and generate carbon credits, while the company’s first four funds, with a total of $70 million AUM, generated a dollar-weighted net annualized return of 15.1%.
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