TPG Rise-backed Anew Climate, CarVal Investors and Oak Hill Advisors to acquire a 1.7m acre timberland portfolio from The Forestland Group for $1.8bn.

TPG Rise-backed Anew Climate, an alternative energy development and environmental commodities marketing company, CarVal Investors, a global alternative investment manager, and Oak Hill Advisors, an alternative investment firm, agreed to acquire a 1.7m acre timberland portfolio from The Forestland Group, a timber provider, for $1.8bn. "OHA is pleased to lead this landmark conservation transaction along with support from a global consortium of like-minded investors with a shared commitment to climate solutions. We believe this acquisition will be transformational, enabling BSFC to fulfill its mission to be a leader in sustainable forestry, a scale partner for market participants seeking the highest-quality forest carbon credits and to produce measurable outcomes for the climate," Adam Kertzner, OHA Senior Partner.