Chris Janiec
The $230m pension has issued RFPs for commitments to the asset classes through its investment consultant Dahab Associates.
The $475m pension’s investment is its third with the Mississippi-headquartered timber manager, which officially launched the fifth iteration of its flagship fund in August.
Chairman and chief executive David Gladstone says rising inflation, which he believes is currently under-reported, is driving up farmland values.
Director of sustainability Bas Ruter tells Agri Investor how the Dutch bank hopes to securitize loans provided through a $1bn facility established alongside the UN once enough investments have been made.
The C$286bn pension is boosting a co-investment structure to support regional dairy as the sector emerges as a focus of ongoing trade negotiations.
Homestead Capital is among the firms that have received commitments from the vehicle, which has raised at least $268m towards its $300m goal.
The TIAA affiliate has bought a portfolio from Gaylon Lawrence Jr, a Nashville-based investor with holdings that include regional banks, an air conditioning company and farmland assets estimated at 180,000 acres, sources told Agri Investor.
Founder John Farris tells Agri Investor the vehicle, which targets $30m, will offer annual returns of about 11% through a value-add strategy that could include organic conversions.
An industry observer tells Agri Investor that the open-ended vehicle, which has received pledges from at least 37 investors, represents 'a bit of a new path' for the industry.
A survey of agricultural producers shows an 11-point uptick in expectations but suggests uncertainty as to the impact of Tax Cuts and Jobs Act of 2017.