Molpus Woodlands Group raises $116m for timber fund

Molpus Woodlands Group, a timberland investment management organization, has raised $116.4 million for its fifth fund, Molpus Woodlands Fund V, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Molpus Woodlands Fund V will invest in timber assets throughout the United States. The fund seeks to raise $500 million in total equity commitments, according to the filing.

The fund’s predecessor, Molpus Woodlands Fund IV, held a $662.5 million final close in 2014. Molpus Woodlands Group manages more than 2 million acres of timberland nationwide.

U.S. timberland investments have delivered a 10-year annualized return of 5.55 percent as of June 30, 2017.