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The fund manager wants to cater to institutional LPs looking for British forestry investments, while offering entry and exit optionality for a wider spread of investors.
The A$150bn Aware Super will sell the Lake Boga portfolio, a collection of assets previously owned by VicSuper pre-merger and managed by Kilter Rural.
Eucaliptus trees, forestry, timberland
With over $1bn to the asset class confirmed between July and August and roughly $1bn spent in acquisitions, GPs are converting interest into commitments.
Agriculture accounts for almost 20% of the $3.9bn pension’s real return portfolio, of which timber’s share is 2%.
Timber, wood, timberland, forestry
The British fund manager was recently confirmed as the manager for AXA IM’s $700m Australian timber property and plans to launch a further three funds this year.
The listed company has made a $23m profit on the asset, with the majority of the sale proceeds earmarked to pay down existing debt.
Head of timberland investments Tom Sarno says the firm has recently added a director of acquisitions for South America and plans to expand across Brazil, Chile, Uruguay and elsewhere.
Forest, Pinus radiata, timber
The asset will be managed to pursue an impact-first approach and should be able to deliver competitive returns, says chief sustainability officer Brian Kernohan.
Eucaliptus trees, forestry, timberland
Opportunities in the secondaries space have remained ‘quite strong through the covid period,’ says managing partner Stephen Addicott, but a lack of assets entering the market could stifle co-investments.
Forest, Pinus radiata, timber
Funds managed by Global Forestry Partners first invested in the 24,000 hectare estate in 1999 and will now be managed by British GP Gresham House Forestry.
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