Publications

Fundraising - SEPTEMBER 23, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

TIR Europe holds $74m first close for timberland fund

by Andrea Waitrovich

Timberland Investment Resources Europe has held a first close for its TIR Europe Forestry Fund, with an initial $74 million of committed capital. The global timber fund will invest approximately 40 percent in the United States, 20 percent in Europe, 20 percent in South America, 10 percent in Australia/New Zealand and 10 percent in niche markets.

A diverse, mostly European group of limited partners made initial commitments to the fund, including public and private pension plans, insurance companies and family offices.

“Real assets such as timberland have a compelling role to play in an investor's portfolio, given the bond-like characteristics with a solid source of alternative yield,” said GianPaolo Potsios, managing partner with TIR Europe, in a statement.

TIR Europe will invest the fund’s capital using a strategy that focuses on building a diversified portfolio of global timberland properties and related assets. However, the IR

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy