IWC reaches fundraising goal
The International Woodland Co. has held a final close for its IWC Timberland Partners, raising $230 million in equity commitments. The Copenhagen-based firm reached its fundraising goal. The majority of the investors were based in Europe. The global fund launched in 2013. It has an opportunistic investment style but has a core property focus with an 11 percent net return. IWC was founded in 1991. The firm manages portfolio investments across six continents and 19 countries. Timberland investment locations include Australia, Brazil, Chile, Guatemala, Mozambique, New Zealand, Romania, Uruguay and throughout the United States in the Northeast, Pacific Northwest and South.