Timber investor Manulife raises more than $200 million to buy forests for carbon
Manulife Investment Management, one of the largest timberland owners in the US has successfully raised $224.5 million for its climate Manulife Forest Climate Fund LP1,2 (FCF). The investment strategy focuses on timberlands managed to generate carbon credits. Another aspect of the strategy involves establishing new forests through afforestation or reforestation to generate premium carbon credits and sustainable timber value in the long term. Tom Sarno, the global head of timberland investments at Manulife Investment Management, emphasized the substantial demand for climate change mitigation solutions and strong investor interest in strategies ...
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