Gresham House holds $365m final close for U.K. timberland fund

Gresham House, a U.K.-based specialist alternative asset manager, has achieved the target total commitments of £300 million ($364.6 million) for its Forest Growth & Sustainability LP following a final close. The fundraising has been achieved over two years against a three-year target reflecting growing recognition from institutional investors, family offices and private clients of the benefits of forestry as a sustainable natural capital investment.

Since its launch in June 2021, the strategy has attracted commitments from a range of institutional investors, including the Scottish National Investment Bank, the Pension Protection Fund, Worcestershire Pension Fund, East Riding Pension Fund, the National Trust, family offices and private investors.

This strong demand for forestry has been driven by a combination of factors, including long-term stable returns, its potential as a diversifier for portfolios as well as its positive environmental impacts which can align w