Investment Philosophy
Successful investing requires an unrelenting focus on the underlying drivers
of investment return.
Cash Flow Analysis
The intrinsic value of a forest investment is determined by discounting the future cash flows at a rate which reflects the risk that those cash flows may deviate from expectation.
Performance Drivers
Understanding the underlying drivers of a forest's cash flow is critical to properly underwriting risk.
Risk Mitigation
Mitigate risk by investing in fast-growing, highly productive plantations near vibrant markets and industrial infrastructure and by having exclusive relationships with experienced local operators.
Environmental/
Social
Strong commitment to managing our investors' timberlands in an environmentally and socially responsible manner as we pursue our objective of delivering superior financial returns.
Risk-Adjusted
Returns
When the intrinsic value exceeds the market price, opportunities exist to generate excess risk-adjusted return.