Carbon

Firm announces the largest fund close by a specialist impact manager, significantly surpassing its $2bn target.

The greenhouse gas emissions strategy invests in projects aiming to capture and destroy carbon and methane emissions in North America that are able to generate carbon credits.

The Article 8 impact fund will target European food and agriculture businesses transitioning to more sustainable production methods.

TPG made its presence felt in 2022 with head-turning forestry deals and awards wins – and it has now been named by the UAE as one of three ‘launch partners’ for its $30bn climate investment vehicle.

Gunn Agri Partners’ Wilga Farming platform, backed by CDPQ and the CEFC, has also made its first two investments since launching with a seed asset in June 2023.

Tilhill and Goldcrest Land & Forestry Group’s annual report also finds land listings for natural capital were valued at £276m, which represents a 241% rise on 2021-22.

Strategies seeking investments in themes like nature-based solutions, biodiversity and natural resources – or natural capital – have begun to sprout in various infrastructure asset managers’ mandates.

New Forests will sell forestry estates in New Zealand with potential for carbon markets investors, as ANZFF2 approaches the end of its life.

Investor appetite for forestry in tropical regions of Africa, Asia and Latin America is being boosted by the growth of carbon markets.

A growing interest in climate and biodiversity is affecting managers’ approach to timberland investing.