WisdomTree, Inc., a global financial innovator, announced today that it has completed its previously announced acquisition of Ceres Partners, LLC, a leading U.S.-based alternative asset manager.
This acquisition marks WisdomTree’s first major step into private asset markets, anchored by Ceres’ differentiated farmland platform. The transaction expands WisdomTree beyond exchange-traded products (“ETPs”), managed models and tokenization, positioning the firm at the intersection of public and private markets. Farmland, one of the largest yet most underpenetrated real asset classes, has historically delivered equity-like returns with low volatility, uncorrelated to traditional markets, offering investors diversification, scale and durable income potential.
“The completion of the acquisition of Ceres marks a transformative moment for WisdomTree,” said Jonathan Steinberg, WisdomTree Founder and CEO. “Our entry into private markets begins with farmland, a space where we can truly differentiate, establish leadership, and capture meaningful growth. By adding farmland to our product suite, we are expanding our reach into private markets and accelerating our long-term growth strategy. This acquisition provides investors with unique access to a resilient, inflation-protected asset class, while bringing on Ceres’ farmland platform, which has delivered net annualized returns of over 10% since inception. Ceres’ strong performance enhances our platform, strengthens diversification, and reinforces our commitment to building enduring value for clients and stockholders.”
WisdomTree acquired Ceres Partners for consideration consisting of $275 million in cash paid at closing, subject to customary post-closing adjustments, and earnout consideration of up to $225 million, payable in 2030, contingent upon Ceres achieving revenue growth targets. The upfront consideration was funded from WisdomTree’s recently completed convertible senior notes offering.
Perry Vieth, Founder and CEO, Ceres Partners, said, “Joining WisdomTree is an important milestone for Ceres. For nearly two decades, we’ve built a farmland investment platform rooted in performance, operational expertise and partnerships with farmers. With WisdomTree’s scale, distribution and digital innovation, we can bring farmland and adjacent opportunities in solar leasing, AI data infrastructure and water rights to a broader base of investors, driving the next chapter of growth.”
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