Carbon management

The Inlandsis Fund is the inaugural carbon finance vehicle created by Inlandsis ManagementCo, a joint initiative of Priori-T Capital and Fondaction Asset Management, both headquartered in Montréal, Québec. Launched in 2017 with a fund size of CAD $30 million and backed by Fondaction as its lead investor alongside more than fifteen institutional and strategic investors from Québec and across Canada, the fund operates over a ten-year investment horizon through 2027. The fund pioneered a unique project-finance model for the North American carbon market: it provides upfront capital to developers of greenhouse gas reduction and natural sequestration projects in exchange for the future stream of carbon credits generated by those projects. This structure addresses a critical financing gap by giving project developers the liquidity needed to implement and certify emissions-reduction initiatives before credits can be sold on compliance markets. Typical project investments range from CAD $2 million to CAD $15 million, targeting compliance markets including the California-Québec linked cap-and-trade system, California's Low Carbon Fuel Standard (LCFS), the Alberta carbon market, and voluntary carbon markets. Since inception, the Inlandsis Fund has supported more than 45 individual projects spanning nature-based and industrial decarbonisation sectors. As of May 2025, portfolio projects have collectively protected 22,456 hectares of land and generated reductions or removals totalling over 3 million tonnes of CO₂ equivalent. Notable portfolio projects include Bluesource dairy farm methane reduction, The Climate Trust grassland conservation programme in the western United States, and the Northeast Wilderness Trust forest preservation initiative in Vermont. The fund's commercial success validated the model and led Fondaction Asset Management and Priori-T Capital to launch Inlandsis II in 2022, which closed at nearly CAD $130 million in 2024.

Future Forest Innovations Fund is an open-ended natural capital investment vehicle managed by New Forests Asset Management, a Sydney-based global specialist with over AUD 10 billion in nature-based real assets under management. Launched in March 2025 as a Singapore Variable Capital Company (VCC), the fund is anchored by a USD 300 million commitment from Oji Holdings—Japan's leading paper and packaging manufacturer and one of the world's largest private forestry owners—alongside a co-investment from New Forests. Structured as an open-architecture vehicle, the fund is designed to accept additional capital from institutional investors seeking exposure to productive plantation forestry and natural capital assets. The strategy targets plantation forestry assets across four primary regions: Southeast Asia, North America, Latin America, and Africa, encompassing both greenfield plantation development and brownfield acquisitions. New Forests applies two decades of sustainable forestry expertise—including proprietary advances in tree genetics, precision analytics, and geo-spatial data systems—to drive operational and environmental performance across the portfolio. Target financial returns of 10–12% reflect an infrastructure-grade risk-return profile. Through the fund, Oji Holdings aims to acquire 70,000 additional hectares of plantation forest to supplement its existing 635,000-hectare global estate, while pursuing an additional 1.5 million tCO₂e per annum in net carbon sequestration by 2030. New Forests' established track record validates the fund's mandate. A Certified B Corp founded in 2005, the firm manages the AUD 1.3 billion Australia New Zealand Forestry Fund and the AUD 600 million Australia New Zealand Landscapes and Forestry Fund (ANZLAFF), with operations across Australia, New Zealand, Southeast Asia, Africa, and the United States. This depth of institutional-grade plantation forestry management—spanning origination, development, operational improvement, and exit—positions New Forests as a credible steward for Oji's ambitions and for third-party institutions seeking access to one of the sector's most experienced natural capital managers.