Newly-launched Nordic and Baltic forestry fund closes – at least for now
Sweden's first domestic forestry fund is closing its capital-raising round after huge interest from institutional investors across Scandinavia — at least for a while, according to SEB, the fund’s co-founder and anchor investor as well as its chairman and owner.
The investment fund Silvestica Green Forest -- which was set up in the spring of 2017 and acquires forestry assets in Sweden, Finland and the Baltics -- has now closed its doors to further investments.
The Danish defense industry has encouraged pension funds in the country to look more positively at investments in weapons. ”We would like it to be considered ordinary societal responsibility,” says an industry leader.
Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.