BNP Paribas Asset Management has launched a fund which will invest in sustainable forestry.
The fund is the first launched by BNPP AM in partnership with natural capital expert IWC, a global natural capital specialist, majority owned by BNPP AM and headquartered in Copenhagen.
The fund targets a size of USD 500 million (USD 750 million hard cap) and had a first close of USD 130 million in November. The target portfolio will consist of 8 to 12 assets in the US (South, Northeast, and Pacific Northwest), Australia, New Zealand, and Europe.
Otto Reventlow, CEO of IWC, said: “The BNP Paribas Future Forest Fund represents a significant step forward to bring sustainable forestry investment into the mainstream and recognises timberland as a compelling investment proposition.
“With this fund, we ensure that our focus on commercial viability is balanced with a strong commitment to protect and enhance biodiversity and climate resilience.”
