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.
Institutional LPs that have backed the firm include AP2, British Columbia Investment Management Corporation and the Caisse de dépôt et placement du Québec.
Last year TIAA-CREF and investment manager Henderson Global Investors teamed up to launch real estate investment management company.
Earlier this month TIAA Henderson appointed Pramerica real estate veteran Victoria Sharpe as global head of investor relations.
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