BTG Pactual and BCI create a sustainable forest platform in the United States | News

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BTG Pactual Timberland Investment and British Columbia Investment Management Corporation have created a platform company focused on creating exposure to the timberlands of the southeastern United States.

The duo set up Caddo Sustainable Timberlands, a platform comprised of 772,000 acres of Sustainable Forestry Initiative-certified forest land in the East Texas and West Louisiana markets.

Caddo Sustainable is led by John Lock as Chairman and Patrick Chambless as Chief Financial Officer.

Lock was regional manager for Arkansas and Texas for an institutional timberland management company and Chambless was responsible for financial reporting for an institutional timberland management company in Texas.

Gerrity Lansing, Head of BTG Pactual Timberland Investment and Caddo Sustainable Board Director, said: “We are delighted to partner again with BCI, one of Canada’s largest institutional investors, who shares our commitment long-term commitment to the diverse East Texas market, as well as our focus on environmental and social sustainability.

Sameer Jinnah, Managing Director of the British Columbia Investment Management Corporation, said: “The British Columbia Investment Management Corporation is an active investor in the forestry sector and Caddo Sustainable is an example of our commitment to a market that can generate attractive returns adjusted at risk for our customers. long-term customers.

“We are delighted to work with trusted partners to continue to increase our exposure to high-quality, sustainably managed forests in key markets.”

Lock said: “Having already spent 22 years of my career managing the assets that make up Caddo Sustainable Timberlands, I am very familiar with the significant economic, conservation and environmental contributions these properties have made to timber consumers, communities in eastern Texas and the logging industry. , as well as the need to continue this legacy.

Our Caddo Sustainable team is committed to delivering exceptional stewardship, sustainability and value through the implementation of science-based forest management practices that promote healthy and vigorous forests while protecting water quality. and critical habitats.

Chambless said: “We strive to build a best-in-class organization that generates immediate return on investment for our shareholders, while sustainably managing our portfolio and implementing the highest standards of environmental, social and governance governance. of business.

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