JACKSON — The Molpus Woodlands Group, LLC, a timberland investment management organization (TIMO) headquartered in Jackson, Mississippi, has executed the final closing of Molpus Woodlands Fund IV, L.P., with commitments of $662.5 million,inclusive of commitments to parallel funds.
The Fund was oversubscribed and exceeded its target of $500 million in 12 months from the first close.
The Fund received support from both new and existing investors. A diverse, international group of limited partners made commitments to the Fund, including public and private pension plans, endowments, insurance companies, family offices and high net-worth individuals.
“With the closing of the Fund, we plan to deploy this capital by acquiring and actively managing a diversified portfolio of timberland properties,” said Edgar Marshall, vice president of business development for Molpus. “We look forward to evaluating new opportunities in North America that meet the Fund’s objectives.”
Molpus currently has total assets under management of more than $1.5 billion with approximately 1,550,000 total acreage.
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