Timberland

Director of real estate Tim Schlitzer says climate-driven purchases have produced a 'mismatch' with appraisers that contributed to underperformance relative to NCREIF’s timber benchmark.

New Forests Asia’s Tropical Asia Forest Fund II had raised $120m against a $300m target prior to the commitments.

Asset managers New Forests, Gresham House, Dasos Capital and Rayonier are among 10 firms that have founded the ISFC to help shape frameworks and policies affecting the nascent natural capital asset class.

Despite the segment’s leading contribution, it experienced a near 10% decline on H1 2022 figures while NBS removals credits account for less than one third of its total.

Eastwood Forests’ first fundraise has shown how powerful the carbon story around timberland investments has become, including with Japanese LPs.

The 15-year closed-end fund has been seeded with capital from 10 Japanese companies including Sumitomo Forestry, Japan Post Holdings, and Sumitomo Mitsui Banking Corporation.

Move comes ahead of potential intervention by regulatory agencies.

Perella Weinberg Partners has been appointed to find a US investor to take a 25% stake in NZ Rural Land Company’s existing portfolio.

Wendy Norris helped lead the Future Fund’s investment in OneFortyOne in 2012 in a previous role as head of infrastructure and timberland.

Eva Warigia has joined New Forests from the East Africa Private Equity & Venture Capital Asasociation to become associate director, investor relations, Africa, along with four other appointments.