German fund manager Salm-Salm has raised the first $130m from institutional investors in Germany in the initial closing of its new fund, the Salm Global Timber Fund. The fund aims to build a diversified portfolio of timber assets in the US, Europe and Oceania.
The Salm-Salm Group has been investing clients into the timber and agricultural sector since the 1980s. With its headquarter in Germany (Wallhausen) and further offices in the US (Atlanta) and New Zealand, Salm manages over 115.000 acres (ca. 46.500 hectares) worldwide.
The Salm Global Timber Fund, experiencing strong demand from investors, aims to build and sustainably manage a diversified portfolio of commercial forests in the most attractive and legally secure timber investment markets worldwide. The fund has already acquired two assets in New Zealand for a total of approximately NZD 25 million.
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Implementing highest ESG standards is an essential part of the strategy – all forests are certified, ESG disclosures according to the EU taxonomy are in place and the fund is to be classified as Art. 9 under SFDR.
The Salm Global Timber Fund can be subscribed during the coming months before its final closing in Q4 2023.
Selinus Capital Advisors acts as exclusive placement agent.
Source: Press Release
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