Vermont allocates $125 million to two agriculture funds

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The Vermont Pension Investment Committee has invested $100 million in the Nuveen Global Farmland Fund, which aims to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.
Pensions & Investments | 30 September 2019
 
Vermont allocates $125 million to two agriculture funds
 
by ROB KOZLOWSKI 
 
Vermont Pension Investment Committee, Montpelier, made two commitments totaling up to $125 million for the $4.1 billion Vermont State Retirement Systems, said Eric Henry, chief investment officer, in an email.
 
The committee at its Sept. 24 meeting approved commitments of $100 million to farmland fund Nuveen Global Farmland Fund and up to $25 million to Pontifax Global Food and Agriculture Technology Fund II, a growth equity fund investing in agricultural innovation.
 
The committee’s targets to private equity and farmland/infrastructure are 10% and 2%, respectively.
 
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AgriInvestor | 2 October 2019
 
Nuveen targets $2.4bn for first open-ended farmland fund – exclusive
The vehicle secured $100m from the Vermont Pension Investment Committee and will aim to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.
 
Original source: PI Online
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