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Green Bank, global investors pile into $450m forestry and ag raising

The Federal Government’s green bank, three offshore institutional investors and a local insurer have piled into a $450 million equity raising by forestry and agricultural giant New Forests for a new fund that will generate a significant portion of its return from emerging sectors like carbon and renewable energy.

The Clean Energy Finance Corporation – or green bank as it is often called – has committed $75 million to the Australia New Zealand Landscapes and Forestry Fund joining Swedish pension fund Andra AP-fonden, German pension group Bayerische Versorgungskammer, a German insurer and an Australian insurer as first close investors.

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Larry Schlesinger was a reporter at The Australian Financial Review.

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    Original URL: https://www.afr.com/property/commercial/green-bank-global-investors-pile-into-450m-forestry-and-ag-raising-20231219-p5eses