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GreenWood raises $400m for timber fund
GreenWood Resources Capital Management has held a $400 million close for its Global Timber Resources fund, according to a filing with the SEC.
GWR, founded in 1998, is a global timberland investment and property management company specializing in the acquisition, development and management of high-yield, short-rotation, sustainable tree farms. GWR specializes in creating value through the integrated deployment of traditionally bred plant material and intensive silvicultural management strategies to achieve superior risk-adjusted returns in selected regions of the world.
In 2012 TIAA-CREF acquired a majority stake in GWR, which GWR joined TIAA-CREF as a subsidiary.