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Exclusive: CalSTRS looks to bolster ag portfolio with fresh commitments

The $224bn pension is considering capital injections into a fund and a separate account, as it seeks high single-digit returns from its nascent agriculture program, says director Paul Shantic.

Idaho approves plan to reinvest $180m in ag and timber

The Department of Lands has already hired an advisor for its in-state timber acquisitions and is planning to add another for farmland, acting director David Groeschl tells Agri Investor.

CalPERS’ forestry portfolio gathers pace but remains in the slow lane

The $351bn pension fund’s results in real assets at large exceeded the benchmark by 1.19 percentage points, driven by infrastructure.

New Forests hits full deployment on A$707m antipodean fund

The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.

Why Phaunos is stonewalling Stafford

Stafford Capital has lodged a $244m hostile bid for Phaunos, the timber fund it used to manage. By refusing to say what it thinks of it, the vehicle’s board may be gunning for a higher price.

Stafford vs Phaunos: The battle for a $244m timber fund

Secondaries firm Stafford has put forward a hostile bid for Phaunos Timber, a global vehicle it used to manage. What is its chance of success?

NZ Super Fund interim boss steps up to permanent CEO

Matt Whineray, who has been with the vehicle since 2008, will take the helm of the $26.3bn fund on July 1.

GEF spin-out hits $80m first close on Africa timber fund

Criterion Africa Partners, a Maryland headquartered firm comprised of the team formerly behind Global Environmental Fund’s Africa Sustainable Forestry program, is targeting $150m for the team’s second vehicle.

Running for cover

Sustainable forestry models have great environmental benefits. Do they also make commercial sense?

WATCH: Why LPs sell fund stakes

Committing to a closed-end fund takes effort and time. So why would LPs ever want to exit a vehicle before the end of its term? We ask Stephen Addicott, a timberland partner at Stafford Capital Partners.

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