Moreton Capital Partners Launches $500M Commodities Focused Fund

Moreton Capital Partners, a physical commodities provider, has launched a new fund targeting growing supply chain and weather-related concerns, as the “super El Niño” looms. 

The MCP Special Opportunities Fund, which is targeting a $500 million capital raise by the end of September, aims to capitalize on essential supply chain disruptions and food inflation within the commodities markets, which are widely driven by the El Niño threats. 

The vehicle, which begins accepting subscriptions in mid-July through the firm’s Cayman structure, builds on the renewed concern of global inflation heading into 2027. 

The fund was founded by MCP’s CIO and co-founder Les Finemore and targets about 30% volatility for cash efficiency and aims to deliver a Sharpe ratio above 2.0 if El Niño does develop through next year, the firm said. 

However, the firm does anticipate that the fund could potentially “remain open for one to two years” following the events of the El Niño and other severe weather impacts. 

“The El Niño-driven supply crisis threatens a renewed wave of global food inflation into 2027, squeezing real incomes, lifting import bills, and straining the economies and balance sheets least able to absorb it,” Finemore said. “The Fund will give institutions a vehicle to hedge precisely that risk – a way to transfer weather and El Niño-driven food and commodity exposure to capital equipped to carry it. 

In February, MCP also launched a market-neutral strategy, dubbed the MCP Global Commodities Alpha Fund, which targets an initial $1 billion in capital across more than 70 global commodity futures and options spanning agriculture, energy and metals. 

Pictured: Les Finemore