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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.
Managing partner GianPaolo Potsios said the firm was forced to ‘leave some money on the table’ because of due diligence restrictions but was able to secure roughly $120m from new investors.
The firm is 'seriously considering' a distinct forestry vehicle that would target institutional investors, with its latest series of deals set to take it beyond £100m deployed into the asset class.
Timber, wood, timberland, forestry
The Lithuanian firm has reached the halfway mark towards its €100m target for the 2020-vintage vehicle, which will invest in the Baltics and Central and Eastern Europe.
The British fund manager anticipates strong interest in the vehicle, which will combine returns from commercial forestry, carbon credits and asset appreciation.
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