Jackson-based Molpus Woodlands Group closed Fund IV with $662.5 million in commitments. According to the timberland investment management organization (TIMO), the fund was oversubscribed and exceeded its target of $500 million in 12 months from the first close.
A diverse, international group of new and existing investors made commitments to Fund IV, including public and private pension plans, endowments, insurance companies, family offices and high net-worth individuals. Molpus currently has approximately 1,550,000 acres under management worth more than $1.5 billion and is one of the oldest timber-related companies in the U.S. It has experience in all facets of timber management, manufacturing, and marketing.
“With the closing of the fund, we plan to deploy this capital by acquiring and actively managing a diversified portfolio of timberland properties. We look forward to evaluating new opportunities in North America that meet the fund’s objectives,” said Edgar Marshall, VP Business Development for Molpus.
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