FarmOp Capital Partners with Carlyle for $250M Financing
Deal News | Jul 24, 2025 | The Carlyle Group
Global investment firm Carlyle has entered into a $250 million forward-flow agreement with FarmOp Capital, a provider of farm operating loans in the US. This partnership enables FarmOp Capital to enhance its origination capabilities, expanding capital access for independent row crop farmers nation-wide. FarmOp Capital, which operates with an innovative, crop insurance-backed underwriting model, will gain from Carlyle's deep industry knowledge and structuring expertise. Carlyle's Asset-Backed Finance group is leading the transaction, marked by its commitment to enhancing flexible financing access for underserved US farmers. Legal advisors include Paul Hastings LLP for Carlyle and Mayer Brown LLP for FarmOp Capital. The deal underscores Carlyle's strategic focus on asset-backed finance growth in specialized sectors.
Sectors
- Agriculture Finance
- Asset-Backed Finance
Geography
- United States – Both Carlyle and FarmOp Capital are providing financing solutions targeted at the US agriculture sector.
Industry
- Agriculture Finance – The article revolves around providing financial solutions tailored for the agricultural sector, specifically for independent row crop farmers in the US.
- Asset-Backed Finance – Carlyle's involvement and expertise in asset-backed investments play a crucial role in structuring the financing agreement with FarmOp Capital.
Financials
- $250 million – The value of the forward-flow agreement entered by Carlyle with FarmOp Capital.
- $453 billion – Carlyle's total assets under management as of March 31, 2025.
- $9 billion – The assets under management by Carlyle Asset-Backed Finance as of March 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carlyle Group | Investor | Company | A global investment firm, providing asset-backed finance through its investment platform. |
| FarmOp Capital | Target Company | Company | A leading provider of farm operating loans in the US, utilizing an innovative underwriting model. |
| Paul Hastings LLP | Legal Advisor to Carlyle | Company | Provided legal services to Carlyle in connection with the transaction. |
| Mayer Brown LLP | Legal Advisor to FarmOp Capital | Company | Provided legal services to FarmOp Capital in connection with the transaction. |
| Keir Renick | CEO | Person | CEO of FarmOp Capital. |
| Akhil Bansal | Head of Asset-Backed Finance | Person | Part of Carlyle's Asset-Backed Finance group. |
| Gregory Gudis | Principal on the Asset-Backed Finance Team | Person | A Principal on Carlyle's Asset-Backed Finance team. |