The Gresham House Forest Growth & Sustainability fund saw £127m in subscriptions during its first fundraise, including commitments from two major institutional investors, exceeding the initial target of £100m.
The specialist manager said it expects to conduct a second fundraising for the fund later this year, given a strong pipeline of deals and timely deployment. It noted valuations in forestry have been on the rise and demand from investors has been growing, since the asset fits into ESG-aligned strategies, which have continued to see strong inflows this year. Launched in June, the Forest Growth & Sustainability fund aims to deliver sustainable capital growth through the creation of new productive woodland, and to provide exposure to existing income-generating forestry in the UK. The f...
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