Mon, Oct 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Sporting Ranch Capital looks to phase two

Thursday, July 10, 2014

Bailey McCann, Opalesque New York:

Sporting Ranch Capital, an alternative investment firm that focuses on buying ranches and ranch land in need of rehabilitation is closing in on its second fund. Sporting Ranch Capital launched its first fund in 2012, buying up sporting ranches and rehabilitating them for purchase. Now the firm is on track to start its second property fund, and is gaining institutional interest.

The fund is backed by Jay Ellis and T. Boone Pickens, both of whom have decades of experience building and maintaining world class sporting ranches. Pickens ranch is known as one of if not the top sporting ranch in the world. The firm buys properties throughout the west including the high plains region, and into the four corners.

"We make sure that all of our ranches are within 30 minutes of medical care and town. The properties have everything you would want out of a sporting ranch including live water, fishing, game, and updated accommodations," Ellis tells Opalesque.

The first fund included five properties, and closed on $30 million. The second fund is targeting 8-10 properties and $50 million. Ellis partnered with Pickens after covering his directional long/short fund as an analyst at BP Capital.

It takes approximately one year from purchasing a ranch for Ellis and the firm to get things up to snuff for a sale. Sporting ranches differ from other types of ranches in that they are focused on activities like fishing and hunting instead of ma......................

To view our full article Click here

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Where are all the good ESG hedge funds?[more]

    Benedicte Gravrand, Opalesque Geneva: What are the benefits of sustainable investing? Many pension funds look to focus on that angle to reflect their company’s good governance, but face many challenges while doing that. A portfolio manager at Univest, a large Dutch pension fund, discusses this is

  2. Bill Gross gives his first investment outlook for Janus fund[more]

    Bill Gross strikes a gloomy tone in his first note to investors at his new gig at Janus Capital. Bill Gross, the renowned bond fund manger, struck a pessimistic chord in his first note to investors at his new gig at Janus Capital. His notes, usually full of silly commentary and upbeat advice, took a

  3. Investing - Big investors move to shore up Fannie, Freddie trade, Two hedge funds eye $1bn support to Sahara to secure Subrata Roy's release[more]

    Big investors move to shore up Fannie, Freddie trade From Forbes.com: Two of the nation’s most prominent investors who have been leading the charge to make a big score out of the shares of Fannie Mae and Freddie Mac moved on Friday to shore up shares of the mortgage giants that plunged r

  4. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  5. Hedge funds post negative returns in the third quarter[more]

    Bailey McCann, Opalesque New York: Q3 hedge fund returns were negative, marking the industry's first quarterly decline since Q2 2013 according to the latest hedge fund data from eVestment. Emerging markets saw losses more than twice that of developed markets. Declines from funds investing in