Earth Capital Partners has launched the ECP Forestry Fund One, targeting up to USD300m of investment.
The fund will invest in timber plantations and certain related assets in Brazil and other Latin American countries.
The fund will have a ten year maturity and intends to invest in six to eight projects.
It seeks to generate solid non-correlated returns through ownership of productive land and fast growing sustainable timber capitalising on the region’s unmatched biological conditions, human capital and other cost advantages.
Stanley Fink, chairman at Earth Capital Partners, says: “The fund provides a vehicle for institutional investors to engage in forestry and biomass in Brazil and Latin America, which offer attractive returns coupled to strong sustainability benefits. ECP aims to reach a first close for this fund later in 2010 and a final close in 2011.”
