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INVL Launches INVL Sustainable Timberland And Farmland Fund II

Baltic Sea region investor INVL Asset Management has launched INVL Sustainable Timberland and Farmland Fund II. The fund will look to target investments into both sustainably managed forests and agricultural farmland in the Baltic Sea region, as well as the neighbouring countries of Central and Eastern Europe more broadly.

Vytautas Plunksnis, Head of Private Equity at INVL, said: “We see this Fund as an exciting continuation of INVL’s Baltic Forests Fund I which was launched in 2017. However, this time round there will be a much more extensive approach and a broader geographical footing. Further to the experience we have gained, and subsequent investor confidence, we have been encouraged to establish longer-term portfolios of top-quality forests and agricultural land assets. We intend to manage and develop them in accordance with the strictest standards of sustainable forestry and agriculture.

Martynas Samulionis, Partner at the INVL Sustainable Timberland and Farmland Fund II, added: “We intend to build on our existing pipeline across the Baltic countries more generally. We will initially look to invest in Baltic coniferous forests and agricultural land that presents a high level of productivity and significant potential to consolidateWe then plan to expand the portfolio into Eastern European countries where investment returns are attractive, and the regulatory framework environment is stable. As a standard protocol, we will heavily emphasise the sustainable management of both forests and arable land, ensuring nature conservation as a core focus, as well as the social responsibility of investing in these asset classes. The Fund will of course function according to sustainable forestry standards, and we will implement sustainable farming principles on the agricultural land as a matter of course.”

The target size for the fund is EUR100mn; it held a first close of EUR32mn from institutional and private investors on 4 November 2020, with a hard cap positioned at EUR200mn.

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