AP3: Three Tree invests for $500 million in Texas timberland
3 September 2021
The Third Swedish National Pension Fund (AP3) invests $500 million through Three Tree Holding LLC (Three Tree) in eastern Texas timberland. In total approximately 300 000 acers of timberland have been acquired from Texmark Timber Treasury L.P. (“Triple T”), a subsidiary of Catchmark Timber Trust (NYSE:CTT).
”This investment is part of AP3s 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 AP3s Head of ILS & Timberland Investments, Dan Bergman.
Source: AP3
