BTG Pactual Timberland Investment Group and British Columbia Investment Management Corporation have teamed up to create a woodlands giant, Caddo Sustainable Timberlands, LP. The focus of the partnership will be on acquiring and monetizing timberlands in the Southeastern US.
Caddo Sustainable Timberlands
Caddo Sustainable Timberlands consists of 772,000 acres of Sustainable Forestry Initiative (SFI) certified timberlands in East Texas and West Louisiana. Georgia-Pacific, International Paper, Louisiana-Pacific, RoyOMartin, and West Fraser are current wood-products customers. These relationships are expected to continue going forward.
John Lock has been appointed president, and Patrick Chambless will serve as chief financial officer.
“Having previously spent 22 years of my career managing the assets that comprise the Caddo Sustainable Timberlands, I am very familiar with the significant economic, conservation, and environmental contributions these properties have made to wood consumers, East Texas communities, and the forest industry, as well as the need to continue that legacy,” said Lock in a statement. “We are also excited to partner with the Texas Forestry Association, conservation groups, local communities, and regional stakeholders to continue the rich history of timberland and natural resources management that has been the fabric of these properties and the East Texas culture for well over 100 years,” Lock added.
Said Chambless, “We are striving to build a best-in-class organization that generates immediate yield on investment for our shareholders, while sustainably managing our portfolio and implementing the highest standards of environmental, social and corporate governance.”
About the Partners
With more than US$100 billion in assets under management and administration, BTG Pactual is the largest investment bank in Latin America. BTG Pactual Timberland Investment Group ranks as one of the world’s largest timberland investment managers with nearly $4.5 billion in assets and commitments and 3 million acres under management globally as of Q3 2021.
With C$199.6 billion of assets under management, British Columbia Investment Management Corporation is one of Canada’s largest institutional investors.