Robeco Plans $500 Million Forestry Fund

Robeco aims to raise $500 million for investments in timber and forestry, Reuters reported. The Dutch asset manager will launch its new fund next year, and will invest in timber-focused private equity funds and in companies in the forestry market.

(Reuters) – Dutch asset manager Robeco plans to raise $500 million for a fund that will invest in timber and forestry ventures, chasing opportunities in an expected demand spike and supply squeeze in timber markets.

“We think this is an area that can present strong growth opportunity,” Robeco managing partner Andrew Musters told Reuters, adding that details of the fund were being finalised.

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The fund, expected to be launched next year, will target private equity funds invested in forestry, as well as in companies that manage forests and timber supply.

Robeco oversees a dedicated clean technology portfolio of $800 million and eyes other investment opportunities in the sector including rare earth material recycling, water management and efficient lighting. (Reporting by Leonora Walet; Editing by Jacqueline Wong)