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FUNDRAISING NEWS | December 20, 2024

New Bedford CRS Kicks off $16M Timber/Farmland Manager Search

Tags: Pension Funds, Searches, Real Assets, Consultants

The New Bedford Contributory Retirement System has commenced a search for an open-end timber/farmland fund.

The pension said it currently has a $16M mandate for a global timber and farmland fund, but is not looking for publicly traded REIT Funds at this time. Proposals will be accepted until 1 pm EST on January 20, 2025. Consultant Segal Marcos is assisting in the search process.

The search is being conducted alongside its earlier issued RFP seeking a global multi-sector/unconstrained fixed income commingled/collective investment trust strategy for a $110M mandate due on January 8, as reported by Dakota on December 11.

Written By: Dakota

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