The firm raised $945m across its secondaries and carbon strategies in 2023.
The non-profit asset manager was launched by three partners to invest exclusively in the US state of Maine.
New Forests’ second Tropical Asia Forest Fund has ended up raising less capital than its predecessor, which closed on $170m in 2012.
The pension is the latest to warm to forestry, after the ACCESS Pool signaled its intent to deploy £300m into the asset class earlier this month.
A Southeast Asian sovereign wealth fund has come onboard for ABC Impact Fund II, as ABC Impact Fund I nears full deployment.
TPG’s Rise Fund III and Goldman Sachs Asset Management’s Climate Solutions Fund are two of the many climate vehicles closed in 2023 that have an allocation to food and natural assets.
Founder and managing partner Matt Leeds left his role as partner at L Catterton in 2022 to establish FCP, which raised the first-time fund within six months.
New Forests secures A$75m commitment from the CEFC for ANZLAFF, alongside investment from AP2, BVK and others.
Firm announces the largest fund close by a specialist impact manager, significantly surpassing its $2bn target.
Fund III's investors include CalSTRS, the Grantham Foundation, the University of California, Sobrato Capital, Strategic Investment Group and Northwestern University.