Homestead Capital Usa, LLC

Homestead Capital USA, LLC, established in July 2012, is a registered investment adviser specializing in providing discretionary investment advisory services to private investment funds focused on acquiring farmland in the United States. The firm's investment strategy aims to generate returns through rental income and land value appreciation. As of December 31, 2022, Homestead managed approximately $1.59 billion in client assets. The firm charges management fees based on a percentage of capital commitments and investments, with fees ranging from 1.5% to 1.75%. Performance-based fees are also charged, with the General Partners receiving 10% to 15% of net proceeds from divestment. Homestead does not participate in wrap fee programs and does not tailor services to individual client needs. The firm's investment philosophy focuses on farmland acquisitions in various U.S. regions, utilizing a bottom-up and top-down approach for portfolio construction. Homestead's Code of Ethics ensures high standards of conduct and fiduciary duty. The firm has no disciplinary information and provides clients with annual audited financial statements. Homestead has custody of client assets due to its affiliation with the Funds' general partners. The firm has discretionary authority over client investments and does not engage in principal or agency cross securities transactions for client accounts. Homestead continuously monitors and reviews client investments, with oversight by the Investment Committee. There are no client referral arrangements or paid solicitation agreements in place.