French natural capital asset manager France Valley has taken more than €600 million in capital commitments for its evergreen forestry fund.
France Valley Patrimoine was launched in 2017 and is fully invested in French timberland.
The firm’s flagship vehicle has amassed a portfolio of more than 35,000ha, 80 percent of which is aligned with the EU taxonomy for sustainable activities, said a statement from the firm.
France Valley Patrimoine’s net asset value rose 6.33 percent in 2024 and has experienced a cumulative rise of 17.5 percent since inception.
Chief executive Arnaud Filhol commented: “This close marks a significant step in our journey as a European platform dedicated to natural capital.
“We offer institutional investors access to stable, inflation-resilient real assets that are directly linked to climate and biodiversity outcomes.”
France Valley is in market with a further two vehicles.
The pan-European France Valley Foncière Europe vehicle has grown to hold €150 million of forestry assets across 10,000ha in eight European countries.
Meanwhile, the firm launched France Valley Carbon and Biodiversity Fund I at the start of the year.
The strategy has a €200 million hard-cap, which refers to the amount of capital the firm has capacity to take across both an SMA and pooled fund approach.
The carbon and biodiversity strategy will pursue a greenfield afforestation play across Europe in countries including the Baltic Sea states, France, Germany, Ireland, Romania and Scandinavia.
France Valley expects to be in market raising the strategy for 12-24 months and hopes to hold a €50 million first close this year.
The strategy has a net IRR target of 10 percent, with potential for further upside depending on the price trajectory of carbon credits.
France Valley has more than €1.1 billion in natural capital assets under management.