New Forests seeks to raise A$600m for Australia and New Zealand fund | News & More Trending News


New Forests has launched a brand new fund concentrating on A$600m (€392m) to make investments throughout forest, land and agriculture markets in Australia and New Zealand.

The world forestry supervisor’s new car, the Australia New Zealand Landscapes and Forestry Fund (ANZLAFF), can have its first shut between January and March subsequent 12 months, anticipating to raise A$300m.

Mark Rogers, senior managing director, Australia, New Zealand and the US, at New Forests, instructed IPE Real Assets that two present buyers had been in late-stage due diligence.

“We would probably raise half of what we are targetting at the moment by our first close next year, and we will likely have a second close soon after raising the full $600m,” he mentioned.

Among the buyers is a Swedish pension fund believed to have invested with New Forests since its first fund was launched 12 years in the past.

Rogers mentioned the newest fund was attracting robust curiosity from European buyers drawn to constructive sovereign dangers and the outlook of the sector in Australia and New Zealand.

The 15-year ANZLAFF fund will goal investments into core forestry plantations in chosen funding areas, alongside processing and logistics corporations, with some publicity to major agriculture commodities.

Additionally, it can intention to improve local weather mitigation by carbon sequestration and emissions discount alternatives.

ANZLAFF is New Forests’ fourth spherical in its Australia and New Zealand landscapes and forestry technique.

Rogers mentioned that between the primary fund and this fund, the funding theme had switched from shopping for distressed forestry belongings to reverting to agriculture to the reverse.

“With our fourth fund, we want to buy agricultural land with the potential to put it into forestry. We will manage both agriculture and forestry as combined assets,” Rogers mentioned.

To learn the newest version of the newest IPE Real Assets journal click on right here.

New Forests seeks to raise A$600m for Australia and New Zealand fund | News

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New Forests seeks to raise A$600m for Australia and New Zealand fund | News

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New Forests seeks to raise A$600m for Australia and New Zealand fund | News

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