The INVL Sustainable Timberland and Farmland Fund II, which invests in forest and land in Central and Eastern European EU countries, agreed on EUR 12.7 million financing with SEB Bank. The fund will use the money to acquire forests, which it manages in line with international sustainable forestry requirements.
“The fund is currently active in the Baltic countries and Romania. This financing will let it seize attractive acquisition opportunities in those countries and expand the geography of fund operations, and also continue developing the fund’s forest portfolio sustainably according to best market practices,” says Martynas Samulionis, the INVL Sustainable Timberland and Farmland Fund II’s managing partner.
“We believe that in the future, forests will be valued not only for timber, but also for their role in fighting climate change. Wood and wood products account for about 7% of Lithuania’s GDP and about 12% of exports, so forest management that is sustainable and ensures longevity has to become the standard in our country. We can see that the INVL Sustainable Timberland and Farmland Fund II focuses heavily on the sustainable management of forests and farmland and is creating long-term value for investors which in the future will bring financial returns and a positive impact on society as a whole,” says Artūras Vingrys, Head of Client Coverage at SEB Bank.
Under its strategy, the INVL Sustainable Timberland and Farmland Fund II invests in sustainably developed forests and farmland in Central and Eastern European countries in the EU that offer attractive investment returns and a stable regulatory environment. In its activities, the fund adheres to sustainable forestry standards and seeks to implement the principles of sustainable farming on agricultural land.
SEB Bank carries out its sustainability strategy by providing loans to companies that seek to operate sustainably and financing projects that promote green changes, advising clients on green opportunities in business and creating sustainable investment services.
The INVL Sustainable Timberland and Farmland Fund II’s portfolio is managed by INVL Asset Management, the leading alternative asset management company in the Baltics. It is administered by the Apex Group, one of Europe’s largest providers of fund service. The fund is intended for institutional and private investors that invest in the EU.
About INVL Asset Management
INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development.
We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages more than EUR 1 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania and Latvia, management of pension funds in Latvia, and investments in global third-party funds. Further information www.invl.com/en/.
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