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Asset/Investment Management
FINANCIAL | Investment Firms & Funds
solumpartners.com

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About Solum Partners

Solum Partners invests in real assets within the agriculture and food production industry. 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.

Solum Partners Headquarter Location

211 Congress Street, Suite 200

Boston, Massachusetts, 02110,

United States

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Latest Solum Partners News

Solum Partners Invests in Monte Vista Farming Company

Aug 19, 2021

Solum Partners Invests in Monte Vista Farming Company BOSTON, August 18, 2021-- Solum Partners, an investment management firm focused on the agriculture and food production industry, today announced that it has purchased a majority stake in Monte Vista Farming Company, an almond huller/sheller and processor located in California, as its second investment since spinning out of Harvard Management Company in 2020. Over the last decade, demand for almonds has grown globally, driven by their health benefits and their use as an ingredient in a growing number of foods. As a result, the production of almonds has also increased, particularly in California, which currently produces 80% of the world’s almond supply. Monte Vista Farming Company and its independent growers sit at the heart of this growth, processing and distributing almonds across more than 20 countries worldwide annually. The organization’s unique approach in marketing and maintaining its almond supply has contributed to the trust that growers have had in Monte Vista for over 30 years. As part of the transaction, Jonathan Hoff, CEO of Monte Vista, will continue in his role, and the Hoff family will continue as investors. The transaction will provide capital for Monte Vista to focus on future expansion and investment in the almond industry and strengthen its balance sheet. “Monte Vista is a top processor with a track record of growth well above others in the California almond industry,” said Daniel Sachs, Managing Director at Solum. “We believe that with this partnership, Monte Vista’s growth will continue, driven in large part by its differentiated offering, which has earned it the loyalty of both almond growers and buyers. We share a long-term vision with Jonathan to build a larger almond platform; we believe in the long-term sustainability of the business.” Jonathan Hoff, CEO of Monte Vista, added: “We are thrilled to partner with Solum as we enter this next chapter of our growth. Their experience and knowledge of food and agriculture will allow Monte Vista to continue to invest in state of the art technology and to create an extremely efficient facility that will benefit our growers as we further scale the business.” About Solum Partners Solum Partners invests in the agriculture and food production industry and manages approximately $1.5 billion of assets around the world. 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. Since spinning out from Harvard Management Company, Inc. in October 2020, Solum continues to widen its investments across several key verticals, including a specialty coffee platform and now Monte Vista. For further information, please see www.solumpartners.com. About Monte Vista Monte Vista is a high-quality almond huller/sheller and processor, founded in 1985. Monte Vista’s almonds are sold in more than 20 countries worldwide and are packaged and marketed under the California Royale brand. Processing 50 million pounds and hulling 30 million pounds of almonds in 2020, Monte Vista has made substantial recent investments in top-of-the-line equipment and automation, which provide capacity for material future expansion. Monte Vista offers multiple selling options for growers, and pioneered the Grower Select Marketing System, which allows growers to participate in the marketing of their crop and offers customers full traceability. For further information, please see www.montevistafarming.com. Contact: Bea Broderick

Solum Partners Acquisitions

1 Acquisition

Solum Partners acquired 1 company. Their latest acquisition was Monte Vista Farming Company on August 18, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/18/2021

$99M

Acq - Fin

3

Date

8/18/2021

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

3

Solum Partners Team

4 Team Members

Solum Partners has 4 team members, including current Chief Executive Officer, Managing Partner, Colin Butterfield.

Name

Work History

Title

Status

Colin Butterfield

Chief Executive Officer, Managing Partner

Current

Andrew Barriger

Harvard Management Company, HighVista Strategies, Morgan Stanley, and Citco

Chief Financial Officer

Current

Rory Vandamme

Chief Financial Officer, Chief Operating Officer

Current

Pam Egleston

Chief Compliance Officer

Current

Name

Colin Butterfield

Andrew Barriger

Rory Vandamme

Pam Egleston

Work History

Harvard Management Company, HighVista Strategies, Morgan Stanley, and Citco

Title

Chief Executive Officer, Managing Partner

Chief Financial Officer

Chief Financial Officer, Chief Operating Officer

Chief Compliance Officer

Status

Current

Current

Current

Current

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