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Five of the best: What’s made the headlines this year?

From the launch of Riparian Capital Partners to the re-opening of Hancock’s $700m open-ended timber and farmland fund, we review the first six months of 2019.

NMSIC approves $50m RMS timber fund redemption

The sovereign wealth fund’s $125m commitment to the open-ended vehicle in 2016 is now worth $127.7m, according to real assets consultants Townsend.

The Rohatyn Group puts WA sandalwood estate on market

New York-based emerging markets-focused group has put the 6,700-ha estate up for sale after selling down timber assets in New Zealand last year.

Emissions reduction to boost sustainable timber: GIIN

Global Impact Investing Network manager says GPs and LPs involved with timber expect climate change initiatives to help increase income from carbon trading and reforestation.

Harvard Management Company sells Uruguay timber in $330m deal

Local advisor Wilfred Moran says the deal’s size makes it an anomaly in a timber market dominated by transactions of $20m-$25m.

Timber and agribusiness pushes MetLife ag lending to record 2018

Lowered feed costs have helped create the highest level of investor interest in livestock in a decade, says head of agricultural finance group Barry Bogseth.

Gresham House hires Olly Hughes to manage forestry division

With UK timber prices up 30% and forest land values rising, the manager will continue investing in Britain and plans to expand in Ireland in 2019.

New Forests’ third Australia-New Zealand fund hits 50% deployment with NZ forestry purchase

The firm acquired Hikurangi Forest Farms for an undisclosed sum, describing it as a ‘cornerstone asset’ for the fund.

Idaho Land Board picks up 32k-acre Molpus timber portfolio for $42m

Deputy director David Groeschl says the Land Board has $109m remaining for in-state ag and timber purchases.

Timber vets launch advisory amidst challenged market

Principals John Enlow and Eric Schwefler tell Agri Investor that Forest Resource Advisors will help institutions in a timber market characterized by compressing returns, changed LP expectations and the introduction of new fund structures.
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