Founded in 2005, we offer institutional investors targeted opportunities in the Asia-Pacific region and the United States and have over USD 2 billion in assets under management. Our assets include sustainable timber plantations, rural land, and conservation investments related to ecosystem restoration and protection. New Forests focuses on managing our clients’ assets for a future in which landscapes will encompass both production and conservation values. New Forests manages over 500,000 hectares of land and forests and is headquartered in Sydney with offices in San Francisco and Singapore.
New Forests’ investment strategies take into account a long-term view of economic and market trends and emphasise positive environmental, social, and development outcomes. We concentrate on buying well and then steadily adding value through productivity enhancements, market development, and a focus on commercial management.
Timberland investment in Australia and New Zealand offers access to mature timber markets, well-established forestry management systems, and new opportunities from increasing Asian demand for wood products. Investors can be exposed to Asian growth while investing in a stable, low-risk business environment. New Forests is the largest timberland investment manager in Australia and has operated in New Zealand since 2005.
Tropical Southeast Asia is an emerging market for sustainable plantation forestry investment by institutional investors. Our Southeast Asian investment strategy focuses on certified plantation forestry with an emphasis on technological and silvicultural improvements and a rigorous approach to environmental and social values and good governance. With an eye toward future growth, New Forests manages the first dedicated institutional timberland fund in Southeast Asia.
Forestry investment in the United States has evolved beyond traditional timber management to also encompass returns driven by conservation management strategies and the valuation of ecosystem services in growing environmental markets. New Forests’ US business focuses on strategies related to conservation forestry, mitigation banking, and forest carbon. We established the first institutional fund investing in both forest carbon and mitigation banking and have developed additional investment products that build on our track record.
Completed the final close of the Australia New Zealand Forest Fund 2 with commitments of AUD 707 million.
Completed final close of the Tropical Asia Forest Fund, the first dedicated institutional forestry fund in Southeast Asia.
Closed our first regional timberland investment fund, the AUD 490 million Australia New Zealand Forest Fund.
Launched Forest Carbon Partners, an investment vehicle to supply the California carbon market with high-quality forest carbon offsets
Launched the Eco Products Fund in a JV partnership
Established subsidiary New Forests Asia to manage assets and grow institutional interest in forestry investment in the Southeast Asian region.
New Forests founded with headquarters in Sydney
Opened US subsidiary, New Forests Inc., to lead investments in US environmental markets
While institutional investment in timberland and ecosystem services expands, the nature of the forest sector is evolving. Investors need to navigate a maturing asset class and position their timberland portfolio to benefit from shifts in market conditions and competitive dynamics. Explore the key forestry markets in which New Forests invests and operates by selecting the icons at left.
Australia is a net importer of timber products, consuming nearly all of its domestic softwood supply for construction and housing.
New Zealand exports over 75% of its production to China, with the rest sold elsewhere in the Asia-Pacific region.
Softwood grown in the Southern Hemisphere is more productive than in the Northern Hemisphere, where commercial softwood deficits are increasing.
The pulp and paper sector uses over 40% of all industrial wood traded globally, and paper use is linked with per capita GDP. Australia, Indonesia, Thailand, and Vietnam account for the majority of woodchip exports to Japan and China. This is primarily hardwood chips, but some softwood chips are also traded.
Australian blue gum plantations provide the highest yielding pulping material in the world. The future of the Asian pulp and paper industry depends on high-quality, technically managed, FSC certified plantation supply.
The supply of feature-grade timbers from natural forests has sharply declined. Yet demand for such timber is rising due to the growth and urbanisation of the Asian middle class and aging populations in developing and mature economies.
The future of Southeast Asian forestry will be based on a shift to sustainably-managed, high-quality timber plantations. The primary plantations species in the region are teak, rubberwood, acacias, mahoganies, and eucalypts.
Regulated environmental markets in the US for carbon and mitigation banking are leading to new investment opportunities in forestry and land management. These impact investments create conservation outcomes and commercial returns, and innovative business models are now being replicated in the Asia-Pacific region.
Renewable energy demand also provides new market opportunities for wood waste, residues, and woodchip through biomass and biofuel markets. Fast-growing tree plantations can provide a dedicated source for woody biomass, and wood waste is used in bioenergy markets, which are developing in Australia, New Zealand, and throughout Asia.
David Brand founded New Forests in 2005 and leads the company’s investment programs. He is the Chairman of New Forests’ Board of Directors and the company’s Investment Committee. David has over 30 years’ experience in timberland investment, forest management, science, and public policy. David is dedicated to innovative, responsible investment strategies in the forest sector and associated assets, including infrastructure, bioenergy, and environmental markets. Previously, David was responsible for investment programs that integrated timber management with emerging environmental market opportunities at Hancock Natural Resources Group (HNRG). Prior to joining HNRG, David was the Executive General Manager of State Forests of NSW where he led pioneering transactions in the commercial development of environmental markets. From 1985-1995 David worked with the Canadian Forest Service as a scientist, director of scientific programs, and ultimately as national Director-General of Science and Sustainable Development. He serves on the Board of Directors of the Washington, DC-based organisation Forest Trends. David has a PhD from the University of British Columbia and a Bachelor of Science in Forestry from the University of Toronto in Canada.
David Brentlinger directs New Forests’ investment business in the United States and is responsible for overseeing and developing fund and investment products focused on conservation forestry and environmental markets, such as carbon credits and mitigation banking. In this role he leads the company’s San Francisco office and has oversight for project sourcing, financial structuring, and asset management for New Forests’ US-based funds and separate accounts. David has over 25 years of experience in real estate investing, development, asset management, and land planning. David has an MBA in finance from the University of Chicago, a master’s degree in international affairs from Columbia University, and a Bachelor of Arts in International Relations from Stanford University.
James Davies manages New Forests’ timberland investment funds in Australia-New Zealand and Southeast Asia and is a member of the company’s Investment Committee. He works closely with the portfolio managers and investment analytics teams in Sydney and Singapore to ensure a high-quality, consistent investment management approach for all clients. James has over 25 years of investment management experience across debt, equity, hybrid, and derivative instruments in private equity, debt capital, bank, OTC, and listed equity markets. James has an MBA from London Business School and a Bachelor of Computing Science from the University of New England in Australia.
Kym Hooper is responsible for overseeing corporate governance, administration, and financial systems for all of New Forests’ businesses and offices. She works across the company to coordinate company-wide functions and deliver consistent, high-quality services to clients. She has over 25 years of finance and operational experience and has an extensive background in financial services, including funds management, wealth management platforms, risk insurance, and advisory businesses. Kym has a Bachelor of Business in Accounting from Charles Sturt University in Australia and is a Certified Practising Accountant (Australia). She is also a graduate member of the Australian Institute of Company Directors.
Radha Kuppalli leads capital raising and investor relations for New Forests and oversees the company’s sustainability, communications, and research programs. She manages the company’s relationships with institutional clients around the world, including overseeing new client development, reporting, and client communications. She also collaborates with New Forests’ staff in Sydney, Singapore, and San Francisco on the development of investment products and strategy. Prior to this role, Radha opened and managed New Forests’ US subsidiary and was portfolio manager of the company’s Eco Products Fund. She has been with New Forests since 2006. Radha has a Bachelor of Arts in International Studies and Economic Theory from American University in Washington, D.C., and an MBA and master’s degree in Environmental Management from Yale University’s School of Management and School of Forestry and Environmental Studies. She is on the Advisory Board of the Center for Business and Environment at Yale and an associate of the Yale World Fellows Program.
Gavin Le Roux is CFO for the New Forests group of companies. He oversees New Forests’ finance and fund administration functions, including fund and client reporting, corporate financial reporting, and financial administration. Since 2006, he has successfully grown New Forests’ corporate and funds financial systems, as the company has taken on more clients and offered a greater number of fund products in multiple jurisdictions. Gavin has over 15 years of experience in commercial and chartered accounting in South Africa, New Zealand, and Australia. He is a Chartered Accountant (South Africa) and has a Bachelor of Commerce (Honours) degree from the University of Natal in South Africa and a Master of Environmental Studies from Macquarie University in Sydney. Gavin is a graduate member of the Australian Institute of Company Directors.
New Forests has published and updated this brief on the rationalisation of the Australian timber industry since 2010. In this version, published September 2014, following the sale of Gunns’ Tasmanian forestry estate, we find that nearly all of the MIS assets have transitioned to institutional ownership. The challenge now remains for managers to consolidate long-term assets as part of a renewed, more stable industry.Read Full Report
David Brand’s remarks at the AC.Care Fundraising Luncheon in Mount Gambier, South Australia in April 2014. David discussed an outlook for the forestry sector of the region and the role of institutional ownership of local forestry assets.Read Full Report
In this third annual sustainability report, New Forests presents our progress and performance in the areas of responsible investment and sustainability. This report includes an overview of New Forests, an introduction to responsible investment in our asset classes, a review of our sustainability program performance and targets, and a discussion of our material social and environmental impacts.Read Full Report
Responsible investment and sustainable management of land and natural resources is at the centre of New Forests' investment philosophy and corporate culture. We are committed to this management approach not only for risk management purposes but also because of commercial opportunities associated with innovative approaches to sustainable forestry management.
New Forests operates a company-wide Social and Environmental Management System (SEMS) designed to systematically identify, manage, and report on social and environmental issues and potential impacts of our investments. The SEMS ensures a consistent approach to social and environmental management across all investment activities and enables monitoring of performance, operational and management controls, and continual improvement. The SEMS supports the goals of New Forests’ Social and Environmental Policy, which is based on the principles of Responsible Investment, Third-party Certification, Transparency, and Continual Improvement.