On October 3, 2025, WisdomTree, Inc. announced the completion of its acquisition of Ceres Partners, LLC, a U.S. farmland investment manager. The transaction was structured for $275 million in cash paid at closing, with an earnout of up to $225 million payable in 2030 if Ceres meets revenue growth targets.
Ceres Partners manages roughly $1.8 billion in farmland assets across 176,000 acres in 12 states and has delivered net annualized returns exceeding 10% since inception. The acquisition marks WisdomTree’s first major entry into private asset markets, adding a low‑volatility, inflation‑protected asset class to its product suite.
The deal expands WisdomTree’s distribution network beyond exchange‑traded products, models, and tokenization into a fragmented $3.5 trillion farmland market. By integrating Ceres’s platform, WisdomTree expects to broaden its AUM, generate new fee income, and enhance diversification for investors.
The upfront $275 million cash was funded through WisdomTree’s recently completed convertible senior notes offering, underscoring the company’s disciplined capital deployment strategy. The earnout structure aligns incentives for continued growth of the farmland business within WisdomTree’s broader platform.
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