Gresham House plc – a specialist alternative asset manager – has secured GBP200 million in total commitments following a second close for its Forest Growth & Sustainability LP, as institutional and private investors continue to drive demand for portfolio diversifiers with positive environmental impacts.
Gresham House plc – a specialist alternative asset manager – has secured GBP200 million in total commitments following a second close for its Forest Growth & Sustainability LP, as institutional and private investors continue to drive demand for portfolio diversifiers with positive environmental impacts.
Building on a successful first close for the fund in August following its launch in June, the fund has received further commitments led by Worcestershire County Council Pension Scheme, as well as private investors.
The Gresham House Forest Growth & Sustainability LP generates returns through the sale of timber and the capital growth of land and trees, while also producing carbon credits by creating new productive woodland. Investors in the strategy receive distributions in the form of verified carbon credits that can be retained for ‘insetting’ purposes – to address carbon emissions in their portfolio or sphere of influence – or sold to generate income.
