The Third Swedish National Pension Fund (AP3) is investing USD 500m in eastern Texas timberland through its subsidiary Three Tree Holding LLC, which manages long-term investments in North American timberland assets.
"This investment is part of AP3's strategy to build a sustainable and robust portfolio – a portfolio that can deliver good returns also under negative climate scenarios. We see great potential in our strategic collaboration with Hancock Natural Resource Group (HNRG) – it will enable us to contribute more to the long-term supply of sustainable forestry products," says AP3's Head of ILS & Timberland Investments, Dan Bergman, in a statement.
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