The Taunton Contributory Retirement System approved a $2.5 million investment in Domain Timber Opportunity Fund A, according to meeting minutes from the January 25, 2023 meeting.
The Retirement System approved the Timber RFP at the December 2022 meeting. There were six respondents to the RFP including GTP Pactual Timber Investment Group, Domain Timber Advisors, JP Morgan, Molpus Woodlands Group, Nuveen, and Timberland Investment Resources. After discussion, JP Morgan and Nuveen were removed from the search.
In addition to the investment with Domain, a 10-year extension with Molpus Woodlands Fund III was approved.
Timberland Investment Resources was also scheduled to meet with the Retirement System at the February meeting.
Investment consultant, Dahab, is assisting with the search.
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