Raw: [
Munich Re Group’s asset manager MEAG announced today that it has raised $207 million in […]]
Munich Re’s MEAG Raises Over $200 Million for Sustainable Forestry Fund – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
Environment/ Investors
Munich Re’s MEAG Raises Over $200 Million for Sustainable Forestry Fund
Mark Segal
February 28, 2024
Munich Re Group’s asset manager MEAG announced today that it has raised $207 million in capital commitments at the first closing of its MEAG Sustainable Forestry Equity Fund.
Launched in 2022, the Article 9 fund invests in ecologically sustainable forest management, in alignment with the definition of the EU Taxonomy, in addition to contributing to several of the goals of the United Nations SDGs.
The first investments of the fund are scheduled for the first half of 2024, and will focus on forested land in the USA, New Zealand and Australia, with 5% of asset volumes to be invested in new afforestation.
Thomas Bayerl, MEAG Managing Director and Global Head of Illiquid Assets said:
“MEAG has decades of experience with forestry investments around the globe, and these have proven to be an important stability factor in our portfolio. In view of the challenging conditions on capital markets right now, we are even happier about the success of the fund’s first closing with more than 200 million US dollars.”
According to MEAG, forestry investments offer the benefit of a low correlation with other investment classes, in addition to long-term potential for value growth due to the globally rising demand for wood, fueled in particular by the trend towards sustainable construction and materials. The firm added that the fund can help institutional investors to integrate environmental and social aspects into their investments, with forests promoting biodiversity and carbon sequestration, while providing jobs and recreational spaces.
Frank Becker, MEAG Managing Director responsible for institutional clients said:
“The forestry asset class is still uncharted territory for many investors. With our many years of expertise, we have been able to help build trust in this exciting asset class. The combination of long-term returns and sustainability is particularly attractive. As a subsidiary of Munich Re, MEAG is also ideally positioned to develop needs-based solutions for its clients thanks to its many years of experience in the areas of risk management and sustainability.”
Capital commitments for the first close came from German insurers and the pension scheme of a DAX-listed company group. MEAG has set a target volume for the fund of $500 – $700 million.
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
Related Posts
Environment /
EU Council Fails to Approve New Environmental, Human Rights Sustainability Due Diligence Law
Investors /
S&P Launches Biodiversity-Focused Versions of S&P 500 and Global LargeMidCap Indices
Environment /
EU Parliament Adopts Nature Restoration Law, Overcoming Last-Minute Objections
‹ Carlyle Hires Former Goldman Sachs Commodities Research Head Jeff Currie for New Energy Transition Role
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Verizon Issues $1 Billion Green Bond to Invest in Renewable Energy
Canada Launches Second Green Bond Offering, Adds Nuclear Power to Eligible Investment Categories
Deutsche Bank Releases New Framework to Classify Sustainable Finance and Investment
SIX Launches Solution Enabling Banks to Assess Sustainability of Small Businesses in their Loan Books
Government
Singapore to Introduce Mandatory Climate Reporting Beginning 2025
EU Council Fails to Approve New Environmental, Human Rights Sustainability Due Diligence Law
Canada Launches Second Green Bond Offering, Adds Nuclear Power to Eligible Investment Categories
EU Parliament Adopts Nature Restoration Law, Overcoming Last-Minute Objections
Categories
Select Category
Business Wire
ESG News
Analysis
Climate
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy