The BTG Pactual Timberland Investment Group (TIG) announced today that it has finalized fundraising for BTF II, with equity commitments, including co-investments, totaling US$ 1.24 billion, exceeding its target size.
BTF II focuses on mature timberland assets in well-established markets in Chile, Uruguay and Brazil and has already deployed a significant amount of its committed capital into five investments, diversified across geography, climatic zones, species, and end-markets.
"We are pleased to announce the final close for our core Latin America commercial timberland strategy, which seeks to capitalize on the region’s unique, secular attributes including ideal growing conditions, one of the most technologically advanced and productive forest industries in the world, and strong domestic markets for many forest products,” said Gerrity Lansing, Managing Director, Partner and Head of International Private Markets at BTG Pactual. “We are very grateful for the global institutional investors that have partnered with us on BTF II.”
Matheus Moura, Associate Partner of BTG Pactual and Head of Latin America Investment Management at TIG, said, "We are deeply appreciative of the trust our clients place in our disciplined investment approach. Along with our on-the-ground experience in Latin America, this approach allows us to structure transactions and sustainably manage these assets over the long term in line with our commitment to generate positive impact alongside our aim to achieve competitive risk-adjusted returns."
ABOUT TIG
The BTG Pactual Timberland Investment Group (TIG) is one of the world’s largest timberland managers with US$ 6.9 billion assets and commitments and nearly 3 million acres under management throughout the U.S. and Latin America (as of Q1, 2024). TIG’s team of more than 160 professionals has an on-the-ground presence through 21 offices, bringing local, regional, and global experience to bear on the management of client investments. See our website for more information and important disclosures: www.timberlandinvestmentgroup.com.
ABOUT BTG Pactual
BTG Pactual (BPAC11) is the largest investment bank in Latin America, with a market capitalization of approximately US$ 25 billion, offering a diverse range of services, including Investment Banking, Corporate Lending, Sales & Trading, Asset Management, Wealth Management, and Banking. BTG Pactual Asset Management is a division of BTG Pactual with an international presence and US$ 177 billion in assets under management and administration. Internationally recognized and awarded, BTG Pactual employs more than 7,000 people across Brazil, Chile, Argentina, Colombia, Peru, Mexico, the United States, U.K., Portugal, Spain and Luxembourg (as of Q4, 2023). For more information and important disclosures: www.btgpactual.com.
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Contacts
Rodrigo Bandeira
rodrigo.bandeira@btgpactual.com
