Thursday, August 21, 2014

TIAA-CREF Secures $1.4bn for Second Farmland Vehicle


TIAA-CREF secures $1.4bn for second farmland vehicle 
Private equity firm TIAA-CREF has secured $1.4bn for its second agriculture fund.
TIAA-CREF Global Agriculture II has received commitments from three LPs, a document filed with the US Securities and Exchange Commission showed. 
The firm did not disclose the target for the fund, which registered its first commitment last month.

TIAA-CREF launched its Global Agriculture unit with commitments of $2bn in 2011. The firm’s agriculture division makes investments in farmlands in the US, Australia and Brazil....MORE
Here's the Form D dated Aug. 14.

Feb. 2014 
"Half of U.S. Farmland Being Eyed by Private Equity"
Feb. 2013 
U.S. Private Equity Betting on World Agriculture (GMO; Soros; TIAA-CREF; the usual suspects)
Aug. 2012 
Three Big Timber Deals
Aug. 2012 
Too Greedy to Quit, Too Chicken to Steal: "Bypass Wall Street"
May 2012 
TIAA-CREF Raises $2 Billion for Global Farmland Investing Company
Oct. 2010 
"Is TIAA-CREF Investing In Farmland A Harbinger Of The Next Asset Bubble?"