New Forests finalizes the Australia New Zealand Landscapes and Forestry Fund (ANZLAFF), raising A$600 million from European and Asia-Pacific institutional investors, including three new entrants.
The ANZLAFF provides exposure to diversified forestry, carbon, and agriculture markets in Australia and New Zealand, aiming to maximize value through integrated investments. These include forestry plantations, agricultural assets, and infrastructure, leveraging revenue streams like carbon, biodiversity, and renewable energy. The fund also supports climate mitigation through carbon sequestration and emission reductions, according to New Forests.
Key investors include Finland’s Evli, Japan’s Kyushu Electric Power, and a German insurer, alongside returning contributors such as Swedish pension fund AP2 and the Australian Government’s Clean Energy Finance Corporation (CEFC). Evli's Roger Naylor highlights the fund’s diversification benefits and ESG standards, while Kyushu Electric Power’s Kenjiro Miura emphasizes environmental contributions and stable returns.
The final close comes 12 months after New Forests announced the first close of ANZLAFF with commitments from five investors including Swedish pension fund Andra AP-fonden (AP2); German pension group Bayerische Versorgungskammer (BVK); the Australian Government’s Clean Energy Finance Corporation (CEFC); along with an Australian and a German insurer.
