natural capital

The Hague-headquartered firm is aiming to hold a first close next year, New Private Markets understands.

Co-founder Nick Dilks says allocation and liquidity challenges kept some LPs from backing the vehicle, which pursues large-scale mitigation, biodiversity and habitat restoration projects.

The firm has framed its targets in terms of credit cost price, rather than financial return, founder Rob Appleby and investment director Damon Petrie told NPM.

As the investment manager unveils another natural investment, head of natural capital and impact Alexandre Martin-Min explains its approach to building a portfolio.

The Meldora platform, managed by Gunn Agri Partners, will produce carbon credits backed by an offtake deal with mining group Rio Tinto.

The vehicle will make investments in areas such as afforestation and sustainable land use in Asia, Latin America and Africa.

How are opportunities to generate revenues from ARR credits changing how managers think about forestry?

NatWest Cushon's responsible investment manager Martin Logan says the "primary driver" for the pension's investment in the asset class is to "mitigate some of the carbon price risk that our equity portfolio is exposed to".

The European Investment Fund's guarantee mechanisms and impact-driven commitments are helping vehicles get off the ground and supporting farmer resilience.

Forestry Linked Securities managing partner Charlie Sichel says Britain's Local Government Pension Schemes have shown welcome appetite for natural assets, but they must think globally.