About This Fund
Australia and New Zealand Forestry Fund 2 (ANZFF2) is a closed-end timberland and forestry infrastructure fund managed by New Forests, one of the largest sustainable forestry investment managers in Australia and New Zealand by assets under management. Established with a 2013 vintage, the fund provided institutional investors with exposure to sustainably managed eucalyptus and pine plantations, agricultural properties, conservation areas, and carbon projects across Australia and New Zealand, two of the most mature and liquid forestry markets in the Asia Pacific region. The fund succeeded New Forests' inaugural Australia New Zealand Forest Fund, which was established in 2010.
ANZFF2 deployed capital across a portfolio of high-quality plantation forestry assets, targeting risk-adjusted returns through the appreciation of biological assets, stable timber revenues from wood products, and the development of carbon sequestration credits from sustainably managed plantations. New Forests' investment thesis centers on the convergence of timber demand, biodiversity uplift, and voluntary carbon markets, with all plantations managed to certified sustainability standards. The fund also pursued complementary investments beyond mainland Australia and New Zealand when strategically appropriate, as demonstrated by its acquisition of a 75 percent stake in KFPL, the Solomon Islands' largest forestry business, alongside co-investor AIMCo.
ANZFF2 completed its full lifecycle as a closed-end vehicle, with New Forests concluding the final sale of all fund assets and delivering a full-cycle realized return to investors. New Forests has operated in Australia and New Zealand since 2005 and has maintained a successive fund series in the region, including ANZFF3 (vintage 2017) and the Australia New Zealand Landscapes and Forestry Fund (ANZLAFF), which completed a first close of approximately 450 million Australian dollars in December 2023, reflecting continued institutional demand for New Forests' timberland and natural capital strategies across the Pacific region.