Arkansas Public Employees Retirement System, Little Rock, committed up to $50 million each to farmland funds managed by International Farming Corp. and PGIM Real Estate.
The $11.4 billion pension fund's board approved the commitments at its Nov. 17 meeting, said Linda McGrath, administrative specialist.
Ms. McGrath could not provide further information on specific fund names.
Investment consultant Callan assisted.
Carlos Borromeo, chief investment officer, was not available to provide further information.