Carbon

TPG made its presence felt in 2022 with head-turning forestry deals and awards wins – and it has now been named by the UAE as one of three ‘launch partners’ for its $30bn climate investment vehicle.

Gunn Agri Partners’ Wilga Farming platform, backed by CDPQ and the CEFC, has also made its first two investments since launching with a seed asset in June 2023.

Tilhill and Goldcrest Land & Forestry Group’s annual report also finds land listings for natural capital were valued at £276m, which represents a 241% rise on 2021-22.

Strategies seeking investments in themes like nature-based solutions, biodiversity and natural resources – or natural capital – have begun to sprout in various infrastructure asset managers’ mandates.

New Forests will sell forestry estates in New Zealand with potential for carbon markets investors, as ANZFF2 approaches the end of its life.

Investor appetite for forestry in tropical regions of Africa, Asia and Latin America is being boosted by the growth of carbon markets.

A growing interest in climate and biodiversity is affecting managers’ approach to timberland investing.

The local authority pension scheme asset manager has launched several ESG and responsible investment public and private market vehicles in the last three years.

Viridios Capital and WealthCheck have purchased Conways Station, where they will pursue large-scale carbon projects and run a sustainable cattle operation.

APG’s Ben Avery said the asset was a 'very high-quality plantation forestry resource' with significant potential to increase carbon sequestration.