Natural Capital

Supply of Australian Carbon Credit Units is set to increase, providing opportunities for investors looking to offset emissions or generate returns.

New Forests has appointed Michelle Elliot to the newly-created role, alongside Sanjiv Louis who as joined as director, investments Asia.

The pair join Kering, L'Occitane and MANE Group as the vehicle’s list of large corporate backers begins to swell.

Munich Re Group's asset manager also closed a forestry deal in the US south for a ‘low triple-digit’ sum in February.

The firm has appointed Damien Braud from Proparco while its partner for the NBS strategy, aDryada, has hired CDPQ’s Bertrand Monin.

The $873m ANZFF3 has acquired part of Otiwhiti Station in New Zealand with a view to establishing and managing new production forests on the land.

The firm raised $510m for its PE vehicle and $135m for its venture fund, founder Rob Appleby and ventures head Alastair Cooper tell New Private Markets.

The firm has invested more than €2bn in timberland for Munich Re Group since 2009 and has built up a 400,000ha portfolio.

Asset manager Gresham House has launched a $380m fund that will create habitat banks that generate biodiversity net gain units, which will be sold to real estate developers.

The funds will be used on a project to build semi-permanent canal blocks through the peat swamp forest that will raise the water table and restore degraded land, New Forests said.