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Flashcards in WAM Interview Deck (4)
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1
Q

What do you know about our firm?

A
  • Asset management firm focused on the water sector with ~$600m in AUM
  • Started in 2005 with 2 other people (skiing buddies/friends from college), started with $3m in capital, and shared office space with Hasidic divorce lawyers
  • 4 funds involved in water related equities and physical assets/water rights
2
Q

What type of physical assets do we invest in? How doe we generate returns on those physical assets?

A
  • Largely farmland and its associated water rights
  • Sell/lease the water rights
  • Operate the farm to generate crop yield to cover costs
3
Q

What deals of ours have you followed?

A

Your purchase of Winnemucca Farms in Nevada and its associated water rights

  • $10.5m deal
  • 11,400 acres of land
4
Q

What’s another recent water deal?

A

Harvard Endowment’s purchase of California vineyards and the associated water rights.
- Initially valued at ~$100m and now valued at over ~$300m