Natural Capital

BNPP global head of finance David Vaillant says the vehicle was launched in response to demand from clients.

The 2021-vintage fund has been backed by a host of DFIs and has struck long term carbon credit deals with tech giants Microsoft and Meta.

The deal with Rayonier marks the asset manager’s first forestry investment in the US South.

The Japanese institution will invest $20m for the stake, with Pollination looking to support Mizuho’s clients and mobilize capital for its projects and investments.

Aviva Investors launches Carbon Removal Fund; Craigmore Sustainables forestry funds hits NZ$100 million; Agri Investor Global Awards close for entries in two weeks; Foreign investment in Australian ag and forestry investment falls from A$8.5 billion to A$5.3 billion; Pollination and Howden examine the role of insurance in nature finance, and more. Welcome to Field Notes, the start-of-the-week briefing for our valued subscribers only. Tips and feedback to: binyamin.a@pei.group.

The vehicle will try to assemble a diverse portfolio of carbon credits derived from assets including forestry, peatlands, mangroves and carbon removal technology.

The firm’s Totara Forestry Partnership has already started deploying capital in New Zealand’s North Island.

Head of private equity growth Pedro Faria says the firm is trying to find its feet in a nascent market that could attract as much as $40bn within 15 years.

We speak to Fiera Comox head of natural capital Jeff Zweig about what it takes to win trust and structure deals with Indigenous groups.

The firm has a long-term target of securitizing its forestry assets around the 10-year mark as an exit strategy for its private investments.