Eaton Partners Serves as Exclusive Global Placement Agent to Solum Partners
April 27 2023 - 8:30AM
Eaton Partners (“Eaton”), one of the largest placement agents and
financial advisory firms and a wholly owned subsidiary of Stifel
Financial Corp. (NYSE: SF), is pleased to announce that it served
as exclusive global placement agent for Solum Partners (“Solum”)
and its Solum Partners Fund II, L.P. (“Fund II”). The Fund closed
oversubscribed with approximately $850 million in capital
commitments.
Solum is a leading alternative asset manager
investing in the food and agriculture industry utilizing a proven,
hands-on approach anchored in the deep industry knowledge of its
team. Solum focuses on forming strong local partnerships with the
objective of achieving operational excellence and continuous
improvement across all of its portfolio companies.
“As the global agriculture and food production
industry continues to evolve, businesses have needed to adapt and
meaningfully scale operations to keep pace,” said Uli Flores, Head
of Real Assets at Eaton Partners. “Solum’s approach to the food and
agriculture sector is highly differentiated, which allowed us to
secure a diverse, yet like-minded, investor base, and we are proud
to have been a part of the outstanding fundraising efforts.”
“We appreciate the work of Eaton Partners and
are encouraged by the strong demand and enthusiasm shown by our
investors, especially when considering the current geopolitical and
macroeconomic landscape,” noted Colin Butterfield, CEO of Solum
Partners. “Through our unique owner-operator approach, we are proud
to partner with farmers and industry leaders to not only provide
capital but also foster operational improvements and leverage
vertical integration to ensure they are positioned for continued
and accelerated success. It is a privilege to be entrusted with
this capital, and we look forward to continuing to identify and
manage sustainable food and agriculture assets in the pursuit of
attractive risk-adjusted returns.”
Fund II is the second vehicle managed by Solum
Partners since its spinout from Harvard Management Company in
October 2020. The firm has approximately $2 billion of assets under
management.
About Eaton PartnersEaton
Partners, is one of the world’s largest capital placement agents
and fund advisory firms, having raised more than $130 billion for
over 175 highly differentiated alternative investment funds and
offerings. Eaton Partners is a division of Stifel, Nicolaus &
Company, Incorporated, Member SIPC and NYSE. For more information,
please visit https://eaton-partners.com/.
About Stifel Stifel Financial
Corp. (NYSE: SF) is a financial services holding company
headquartered in St. Louis, Missouri, that conducts its banking,
securities, and financial services business through several wholly
owned subsidiaries. Stifel’s broker-dealer clients are served in
the United States through Stifel, Nicolaus & Company,
Incorporated, including its Eaton Partners business division;
Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC;
and Stifel Independent Advisors, LLC. The Company’s broker-dealer
affiliates provide securities brokerage, investment banking,
trading, investment advisory, and related financial services to
individual investors, professional money managers, businesses, and
municipalities. Stifel Bank and Stifel Bank & Trust offer a
full range of consumer and commercial lending solutions. Stifel
Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer
trust and related services. To learn more about Stifel, please
visit the Company’s website at www.stifel.com. For global
disclosures, please visit
https://www.stifel.com/investor-relations/press-releases.
About Solum PartnersSolum
Partners, headquartered in Boston, Massachusetts, manages
approximately $2 billion in assets within the agriculture and food
production industry as of March 31, 2023. The firm utilizes its
hands-on approach and industry knowledge to enhance the value of
its investments and deliver attractive risk-adjusted returns for
investors. The firm’s strategy is driven by a focus on strong
partnerships, operational excellence, and continuous improvement
and is underpinned by a comprehensive approach to ESG. For more
information, please visit https://solumpartners.com/ or
contact ir@solumpartners.com.
Media Contact Neil Shapiro, +1 (212) 271-3447
shapiron@stifel.com
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