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.
Years at senior roles at Abu Dhabi’s sovereign wealth fund taught two Swedish managers a lot. Their experience culminated in the creation of a multi-asset strategy to manage their own money, something they are now aiming to bring to the wider public.