TIR Forestry Fund II closes at $200m

Timberland Investment Resources Europe (TIR) has raised $200 million for its TIR Forestry Fund II, closing at its fundraising target.

According to TIR, timberland as an asset class has received increased interest from pension schemes and investors. Along with being an inflationary hedge, timberland has the ability to provide stable returns and offers a diversified portfolio. Timberland is increasingly being viewed as a great alternative investment for ESG purposes.

“TIR can offer institutional investors access to a solid asset class that offers good returns,” said GianPaolo Potsios, partner at TIR Europe. “Real assets such as timberland have a compelling role to play in an investor’s portfolio, offering regular dividends as well as a solid source of alternative yield.”

As of March 31, TIR had some $1.65 billion in assets under management, consisting of 835,961 acres of forest across the United States.