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.Here's the Form D dated Aug. 14.
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
"Half of U.S. Farmland Being Eyed by Private Equity"
U.S. Private Equity Betting on World Agriculture (GMO; Soros; TIAA-CREF; the usual suspects)
Three Big Timber Deals
Too Greedy to Quit, Too Chicken to Steal: "Bypass Wall Street"
TIAA-CREF Raises $2 Billion for Global Farmland Investing Company
"Is TIAA-CREF Investing In Farmland A Harbinger Of The Next Asset Bubble?"