Caisse de dépôt commits to $667 mln global timber investment platform

TIAA-CREF and GreenWood Resources, a timber management company owned by TIAA-CREF, have launched Global Timber Resources LLC, a US$667 million timber investment platform. The platform's backers include Canadian pension fund manager the Caisse de dépôt et placement du Québec, as well as TIAA General Account, AP2 and the Greater Manchester Pension Fund. Global Timber Resources will focus on investing in timberland assets across multiple geographies, including North America, Latin America, Europe, and Asia. GreenWood Resources will manage the new firm’s portfolio of timber assets.

ManagersCanadaNorth AmericaBriefs