The £9 billion (€10.9 billion) Pension Protection Fund is looking for specialist farmland and timberland investment managers.
In a statement, the fund said it was planning to further diversify the investments held within its existing alternatives portfolio.
The proportion of the fund’s assets that may be allocated to farmland and timberland would depend on the opportunities available at any given time.
“It is envisaged that the investments will be predominantly in land and the operations necessary to cultivate and market agricultural produce, or to grow and sell timber,” the statement said.
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