Fort Lauderdale (Fla.) General Employees Retirement System is looking to commit a total of $35 million to farmland managers, according to an RFP posted on the website of investment consultant Dahab Associates, which is assisting with the search.
The $710 million pension fund did not have any allocation to farmland as of June 30, according to its most recent available investment report.
The pension fund has an overall target to real estate and timber of 10%. As of June 30, the pension fund had actual allocations to the asset classes of 16.6% and 0.2%, respectively.
Nicholas Schiess, pension administrator, declined to comment.
The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EST on May 12. A timeline for a selection was not provided.
