Key Takeaways
- Lucerne Capital Management has appointed Agriglobe, LLC as farm manager for Rubicon I, L.P., the firm's inaugural farmland fund launched in late January 2026.
- Agriglobe manages over 33,000 acres worth approximately $1.0 billion in asset value across the Western United States and Portugal under founder Phillip Christensen's leadership.
- Frank Austin serves as Portfolio Manager leading Lucerne's Bramble Run farmland investment platform, which has grown to over 40 investment and farm management professionals.
- The partnership grants Bramble Run exclusive first look rights on all U.S. farmland opportunities originated by Agriglobe, founded in 1992.
- Lucerne's platform offers both separately managed accounts for larger allocators and fund structures with lower minimum commitments through Rubicon I.
Lucerne Capital Management Expands Farmland Investment Operations
Lucerne Capital Management, L.P. announced a strategic partnership with Agriglobe, LLC to manage its debut farmland investment fund. The Greenwich, Connecticut-based investment firm has appointed Agriglobe as farm manager for Rubicon I, L.P., marking a significant expansion into agricultural assets.
Since launching in late January 2026, the farmland team has rapidly scaled to over 40 investment and farm management professionals. Frank Austin leads the initiative as Portfolio Manager through Bramble Run, Lucerne's dedicated farmland investment platform responsible for investment decisions, capital deployment, and portfolio construction.
Agriglobe Brings Decades of Agricultural Expertise
Founded in 1992 by Phillip Christensen, Agriglobe has established itself as a leading farm manager specializing in California permanent crops. The Fresno-based firm currently oversees more than 33,000 acres valued at approximately $1.0 billion across diverse agricultural operations including citrus, fruit and nut orchards, and vineyards.
