Real Assets. Proven Yield. Portfolio Diversification Beyond Traditional Alternatives.

ag.online Fund I delivers access to an actively managed, multi-asset portfolio spanning US farmland, precious metals, and frontier markets—engineered to generate asymmetric returns through commodity cycle dislocation.

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About the Fund

Mission:

We deploy capital into tangible, out-performing asset classes where operational expertise and direct sourcing create alpha independent of equity market correlation.

Fund Highlights:

$50M initial AUM with defined capacity constraints
5 real-asset verticals selected for low correlation and inflation sensitivity

Target 49% total return over 5 years (10%+ annualized with downside protection)
Combines cash-flowing hard assets with asymmetric appreciation

Asset Allocation & ROI Projection

ag.online Fund I maintains strategic diversification across commodity-linked and real assets:

Total AUM: $50 Million
Projected Weighted 5-Year ROI: 49.1%
Correlation to S&P 500: <0.3 (historical)

This allocation integrates stable yield vehicles (10% annual return floor via unique access to alternative investments) while capturing upside through direct farmland ownership, physical commodities, and frontier market exposure—providing risk-adjusted returns institutional clients require.

Strategy

Investment Approach:

We combine income-generating hard assets with growth-oriented commodity exposure, creating asymmetric upside with intrinsic collateral value.

Core Portfolio Construction:

Uzbekistan (30%)– The AFC Uzbekistan Fund invests in public and private companies in Uzbekistan. With abundant natural resources, a young workforce, and pro-investment policies, the country is undervalued and positioned for substantial growth as a Central Asian commerce leader.
Farmland (25%) – A large organic farm: long-term lease income and exceptional cash flow; water rights
Silver Futures (20%) – For inflation hedge and industrial demand leverage
Unique access to alternative investments (15%) – Alternative GP Stakes delivering consistent 10% annual income distributed monthly plus strong core NAV appreciation
Cash (10%) – At-the-ready dry powder available for current asymmetric market opportunities

Operational Edge:

Direct sourcing eliminates intermediary layers common in fund-of-funds structures. All farmland and physical commodity holdings undergo proprietary due diligence and active management.

Fund Manager:
Dave Klivans

Co-Founder & Managing Partner

22 years executing real asset transactions across farmland, commodities, and alternative credit. Co-founded ag.online and Bella Groves with demonstrated track record in direct agricultural investments.

Dave has structured 100+ transactions spanning single-family, multifamily, land, and senior housing before concentrating exclusively on commodities and agriculture. His operational background provides sourcing advantages in fragmented farmland and physical commodity markets.

Advisory & Operational Partners:

An Alternatives Fund Partner (yield vehicle management)
AFC Uzbekistan Fund (frontier market broad exposure to growth)
Specialized agricultural analysts and commodity strategists
Tax/legal/audit

Investors

Target Allocation:

Designed for family offices and institutional platforms seeking true portfolio diversification outside equities, fixed income, and crowded alternative strategies.

Fund Terms:

Fund Size: $50M (closed upon full subscription)
Minimum Investment: $5 Million
Structure: Delaware LLC (QPAM/QP compliant)
Target IRR: 15–18% with capital preservation focus
Distributions: Semi-annual (from cash-flowing assets)
Reporting: Quarterly NAV, annual audited financials, K-1 delivery