Feb 25, 2010. /Lesprom Network/. Matariki Forests announced that it has completed the investment by Phaunos Timber Fund Limited in the Matariki Forestry Group. The aggregate investment is NZD $167 million ($115 million). Paul Nicholls, Managing Director of Rayonier New Zealand Ltd forest managers for Matariki said: “Overseas Investment Office approval had been granted and the transaction finalised. He said the company welcomed the Phaunos investment as it underlined the positive outlook for the company and was looking forward to working with the very experienced Phaunos team who bring with them considerable international timberlands investment knowledge”. Phaunos Timber Fund Limited is a global timberland and timber related assets investor listed on the Main Market of the London Stock Exchange and managed by FourWinds Capital Management based in Boston.