AP2

Foreign pension funds and land grabbing in Brazil

A New York company managing the retirement savings of workers in Sweden, the US and Canada is evading Brazilian laws on foreign investment to acquire farmlands from a businessman accused of violently displacing local communities.

AP2 invests $750m in TIAA-CREF II

Swedish pension fund AP Fonden 2 has invested $750 million to TIAA-CREF Global Agriculture II, confirming rumours that the pension was one of three foreign investors contributing to the vehicle’s $1.4 billion fundraise.

Sustainability is key in farmland

Pension funds try to adopt a sustainability perspective when investing in farmland abroad, but there is not much consensus on what it means and how to measure it.