Climate

The deal brings New Forests’ Tropical Asia Forest Fund 2 to about 80% deployment and signals the firm’s push to develop forestry and natural capital assets across the wider Pacific.

The vehicle held a €75m first close in June 2024 and has surpassed its €150m fundraising target.

The firm intends to return to market with the second fund in its regenerative agriculture series in 2026.

Australian agtech startup Nbryo plans to scale up its low-cost in-vitro embryo production technology to accelerate genetic gains and cut livestock emissions.

The firm achieved a 15.5% IRR after a near five-year hold of the afforestation property, with buyers attracted by the development work that has already been done to de-risk the asset.

The vehicle has a €350m fundraising target and has also been backed by Allianz France and BNP Paribas Cardif.

From housing shortages to net-zero targets, the world’s structural challenges are aligning with timber’s strengths – and LPs are starting to price that in.

The firm could invest up to €100m in the platform and intends to plant strategic permanent crops to enhance income streams and ecosystem services.

Climate Fund Managers will manage the fund, which has received cornerstone commitments from MUFG, FinDev Canada and the Green Climate Fund.

As wildfires and extreme weather escalate, investors are under increasing pressure to allocate more capital to climate resilience and risk sidelining the longer-term goal of reducing emissions.