Aquila Capital, one of Europe’s leading independent alternative asset managers, has purchased a 3,000 hectare forest in central Finland for its global timber fund [“the Fund”], which is tailored specifically for institutional mandates. The brownfield investment, which comprises a forest mix of 70% pine and 30% spruce, will be managed by UPM, a leading global timber and paper corporation and second largest forest owner in Finland.
Roman Rosslenbroich, CEO of Aquila Capital commented, “This is an ideal acquisition for the Fund as it will provide investors with a reliable, long term source of income. Investors can also be assured that the forest will be expertly maintained in full compliance with strict sustainability criteria. In UPM we have a highly experienced manager, which has committed to purchase timber for the next 20 years."
This is the second transaction made for the Fund, following an investment in an Australian forest alongside a number of institutional co-investors.
About Aquila Capital
Established in 2001, Aquila Capital is committed to provide institutional investors worldwide with alternative investment solutions in real assets, financial and private markets. Applying a multi-disciplinary investment approach, Aquila Capital’s range of alternative investments is managed by dedicated specialists in their respective asset classes and underpinned by an infrastructure that combines strong operations, stringent corporate governance and a successful track record. Aquila Capital has been dedicated to develop alternative investment solutions since its establishment. Over 200 professionals across eight offices globally are working across the whole value chain of alternative investments to generate stable, positive returns for investors.
Citigate Dewe Rogerson
Patrick Evans / Stephen Sheppard
Tel: +44 (0) 20 7638 9571