January 19, 2023

By Lynda Kiernan-Stone, Global AgInvesting Media

Germany-based fund manager Salm-Salm announced it raised $130 million from German institutional investors for the initial close of its new fund, the Salm Global Timber Fund.

Since its launch in Wallhausen, Germany, in the 1980s, the Salm-Salm Group has been investing on behalf of clients in the agriculture and timber sectors. Over the years the group has expanded to include offices in Atlanta, Georgia, in the U.S., and in New Zealand, managing more than 115,000 acres worldwide. 

After experiencing strong demand from investors, Salm-Salm stated that it aims to build and sustainably manage a diversified portfolio of commercial forest assets in the most attractive and legally secure timber markets in the world – the U.S.,  Europe, and Oceania. 

With this capital in-hand, the fund has already acquired two assets in New Zealand for a combined NZD25 million (US$15.93 million). 

The group noted that it implements the highest ESG standards as a critical part of its strategy. This takes the form of all forests being certified, having ESG disclosures in place according to the EU taxonomy, and the fund being classified as Art. 9 under SFDR. 

Also noted is the group’s strategy to not only manage forests for the sustainable production of timber, but to take active steps to assess and pursue the development of aligned income streams through such initiatives as carbon certificates, solar or wind power, and local recreation. 

~ Lynda Kiernan-Stone is editor in chief with GAI Media, and is managing editor and daily contributor for Global AgInvesting’s AgInvesting Weekly News and  Agtech Intel News, as well as HighQuest Group’s Unconventional Ag. She can be reached at lkiernan-stone@globalaginvesting.com.

*The content put forth by Global AgInvesting News and its parent company HighQuest Partners is intended to be used and must be used for informational purposes only. All information or other material herein is not to be construed as legal, tax, investment, financial, or other advice. Global AgInvesting and HighQuest Partners are not a fiduciary in any manner, and the reader assumes the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on this site.