Emerging Markets

The firm has carved out an impact niche operating alongside export credit agencies and development finance institutions.

The emerging markets vehicle has received backing from Schroders, KfW, British International Investment and the Nordic Development Fund.

The debut forestry fund surpassed its $200m target and will be deployed exclusively in Paraguay.

The Sao Paulo-headquartered firm has already deployed more than 50% of the vehicle.

The pair join Kering, L'Occitane and MANE Group as the vehicle’s list of large corporate backers begins to swell.

The firm has appointed Damien Braud from Proparco while its partner for the NBS strategy, aDryada, has hired CDPQ’s Bertrand Monin.

Seviora Capital’s T3F strategy has raised $173m to date for a 10-year closed-end fund focused on early-stage investments in agri-food companies across APAC.

The funds will be used on a project to build semi-permanent canal blocks through the peat swamp forest that will raise the water table and restore degraded land, New Forests said.

Manulife Investment Management’s agreement with the Indonesia Investment Authority will focus on real estate investments initially, to support the country’s logistics sector.

New Forests’ second Tropical Asia Forest Fund has ended up raising less capital than its predecessor, which closed on $170m in 2012.