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Open Prairie
Open Prairie is a multi-faceted private equity fund management firm based in the heartland of America with headquarters in Effingham, Illinois, and deep roots...
Open Prairie
Open Prairie is a multi-faceted private equity fund management firm based in the heartland of America with headquarters in Effingham, Illinois, and deep roots in agriculture and rural America. The firm has consistently focused on facilitating capital accessibility in underserved markets and has managed investment portfolios ranging from technology-based venture capital to farmland. It builds collaborative partnerships with portfolio companies to accelerate growth and provide top-tier returns to investors.
General information
Firm type
Private Equity
Year founded
1997
Location
Region
North America
Country
United States
City
Effingham
Corporate office
400 East Jefferson, Effingham, IL 62401, United States
Principals
Jim Schultz
Founder and Managing Partner
Sector focus
Frequently asked questions
How does Open Prairie source opportunities given its Effingham headquarters?
Open Prairie's geographic position in downstate Illinois is central to its origination model. The firm uses its heartland location to access deals in agriculture and rural industries that are rarely marketed through traditional broker networks. This local-presence sourcing creates a pipeline of investments that coastal managers generally do not see.
Does Open Prairie participate in fund commitments, direct deals, or both?
Open Prairie structures its capital deployment through commingled closed-end funds. Limited partners commit to vehicles such as the Open Prairie Rural Opportunities Fund II, and the firm deploys that capital into both direct portfolio company positions and real-asset holdings. It does not operate as a fund-of-funds.
What is the relationship between Open Prairie's venture funds and its farmland strategy?
The venture funds and farmland strategies operate as distinct sleeves under the same management company. The venture funds back early-stage and growth-stage companies, while the Rural Opportunities Funds acquire income-producing agricultural real estate. This dual construct provides diversified exposure to the rural economy from a single manager.
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