SG Capital Partners has held the first close of its Sustainable Forest and Land Fund, raising EUR 53 million
SG Capital Partners has held the first close of its newly established Sustainable Forest and Land Fund. The fund attracted EUR 53 million investment from Baltic pension funds. The fund focuses on forest land investments and sustainable investment management in the Baltic region. Fund target size is EUR 100 million and new investors will be added during the upcoming years. Current fund investors include Citadele (CBL Asset Management), SEB and Swedbank pension funds.
Harijs Svarcs, founding partner of SG Capital comments: “Forest investments, like no other asset, provide a unique combination of inflation protection, low investment risk, attractive investment returns and distinct positive sustainability features. Given all the challenges of today’s investment management industry, few investments can do it better than forests. Moreover, our goal is to generate a significant positive impact on the environment with our forest management practices and actions. Being first in the market, we would have lots of challenges ahead of us during the coming years.”
SG Capital is an alternative investment fund manager with a focus on commercial real estate and investment sustainability.
The client SG Capital Partners was advised by Marta Cera, senior associate and co-head of Finance & Tax practice and Kaspars Olsevskis, associate at Ellex in Latvia.