Timberland

Despite the segment’s leading contribution, it experienced a near 10% decline on H1 2022 figures while NBS removals credits account for less than one third of its total.

Eastwood Forests’ first fundraise has shown how powerful the carbon story around timberland investments has become, including with Japanese LPs.

The 15-year closed-end fund has been seeded with capital from 10 Japanese companies including Sumitomo Forestry, Japan Post Holdings, and Sumitomo Mitsui Banking Corporation.

Move comes ahead of potential intervention by regulatory agencies.

Perella Weinberg Partners has been appointed to find a US investor to take a 25% stake in NZ Rural Land Company’s existing portfolio.

Wendy Norris helped lead the Future Fund’s investment in OneFortyOne in 2012 in a previous role as head of infrastructure and timberland.

Eva Warigia has joined New Forests from the East Africa Private Equity & Venture Capital Asasociation to become associate director, investor relations, Africa, along with four other appointments.

New Forests has become one of the world’s largest timberland asset managers in less than 20 years under founder David Brand, who discusses the development of forestry, agri and the firm’s future alongside new CEO Mark Rogers.

The firm has named Jeff Briggs for the role, as Mark Rogers readies to step into the CEO role in April 2023 to replace outgoing David Brand.

Mark Rogers will replace David Brand as New Forests CEO, with Brand to serve as chair until departing the business in 2025.