The Atlanta based timber investment firm has acquired a total of 2,550 acres of pine assets in the US states of Georgia, Tennessee and Vermont, for its Timbervest Partners III fund.
Investing alongside two co-investors, the Australia and New Zealand forestry investment manager has created a new business called Forico to manage the 175,000 hectares of forestry plantations.
The Swedish pension fund is pursuing a more direct co-investment route for its timber exposure, having spent the past 10 years investing predominantly via third-party funds.
The Swedish pension provider wants to increase its allocation to non-listed real estate, of which agri and timber are a part, to 15% over the long term.