London-based venture capital firm Hambro Perks will undergo a rebranding this week following the death of co-founder Rupert Hambro and the resignation of co-founder Dominic Perks, according to a report by Sky News. 

According to Sky News’ sources, Hambro Perks, known for its stake in the location-mapping service What3Words, will be renamed Salica Investments.  

The new name derives from “salix”, the Latin word for willow, and “karpos”, the Greek word for fruit. It aims to convey the firm’s reliability and its potential for organic growth. 

Hambro Perks was founded by Rupert Hambro, who passed away in 2021, and Dominic Perks, who departed the firm last year, now being led by Andrew Wyke. Over time, the firm has diversified into private market funds, investing in equity and debt across various industries and geographies. 

Perks has since founded venture capital firm Lexham Partners, partnering with Sanjiv Somani, former CEO of JP Morgan’s digital bank, Chase UK. He remains one of the largest shareholders in Salica Investments, alongside the Hambro family and FTSE-100 insurance and pensions provider Phoenix Group. 

One of Sky News’ sources said that the firm’s funds are performing well, having held a final close on its first UK venture debt fund. Salica Investments also plans to launch several new investment funds later this year. 

Farmland investor LandFund Partners has raised $25.6m from five LPs for its Soil Enrichment Fund Blocker vehicle, according to a report by Agri Investor citing a recent SEC filing. 

In an interview with Agri Investor, Chris Morris, President and COO of LandFund, said that the investors include US-based endowments and foundations, which are investing in a vehicle related to the firm’s open-end Soil Enrichment Fund. 

Morris assumed his current position in September 2021, having joined the firm in 2013 as managing director and CFO. 

Morris noted that LandFund combined assets from its previous closed-end funds nearing termination dates to meet investor demand for continued ownership of the farmland assets: “We saw what was coming around with inflation and farmland prices. 

“It made sense to put them all under one umbrella with an evergreen holding period perpetual fund. It allowed us to keep what we have assembled in one holistic piece.” 

 LandFund works with registered investment advisors and small multi-family office investors in expanding its reach to larger institutional investors interested in farmland. 

Headquartered in Nashville, Tennessee, LandFund launched the Soil Enrichment Fund in September 2021. The fund focuses on reducing and sequestering carbon emissions through regenerative farming practices in the US Mid-South. LandFund currently manages about 40,000 acres of mostly irrigated row crop farmland across roughly 40 properties in the Mississippi River Valley, valued at approximately $200m. 

Tassilo Arnhold, a co-managing partner alongside Nassim Cherchali at AnaCap Financial Partners, has left the London-based private equity firm, according to a Companies House document. 

It is not clear whether he has another role lined up.

PEI reported last month that Arnhold would depart after working through his leave period, and that Cherchali would become the firm’s sole managing partner. 

Arnhold was promoted to his most recent role last year, having joined AnaCap in 2015. With Cherchali, he was responsible for overseeing the firm’s private equity strategy and growth. 

According to PEI, Arnhold led the firm’s growth in the DACH region, the Nordics and the UK. 

He was previously Vice President, Mergers & Acquisitions at Willis Group (now Willis Towers Watson) and held various roles at Barclays prior to this. 

Adani Group’s North Queensland Export Terminal, which controls a significant Australian coal port, has secured a private credit loan of approximately AUD500m ($333m), according to a report by Bloomberg. 

The loan was obtained from Farallon Capital Management and King Street Capital Management, according to Bloomberg’s sources. The funds raised through said loan are intended to refinance existing debt. 

The loan to Adani Group marks a trend among Australian coal-related companies towards higher interest-rate private loans, as global banks become increasingly hesitant to finance commodity-related companies due to ESG concerns. 

Sydney-based coal miner Whitehaven Coal secured a $1.1bn loan earlier this year to acquire two mines, involving 17 private credit lenders and just one bank, while a consortium led by Golden Energy and Resources, controlled by Indonesia’s Widjaja family, has also approached direct lenders for funding.