The INVL Sustainable Timberland and Farmland Fund II (STAFF II) has added €18.5 million ($22.1 million) through a second closing, reaching a size of €51 million ($61 million).
The fund is seeking to raise a total of €100 million ($119 million).
Launched in November 2020, STAFF II will target sustainably managed forest and agricultural land with high-growth potential in the Baltic Sea region and across Central and Eastern Europe.
According to Martynas Samulionis, managing partner of STAFF II, the fund has successfully invested in the Lithuanian and Latvian market. The new capital will be used to expand activities broader in geographical and target nature, compared with the fund’s predecessor, INVL Baltic Forests Fund I, which was deployed in 2017.
“Investors increasingly want their investments to bring not only a financial return but also be sustainable in nature, and so they are showing an increased interest in opportunities based on ecological,
