CapMan Natural Capital has completed the first closing of its fourth main fund, CapMan Dasos European Forest Fund IV. This underscores the confidence of international institutional investors in CapMan Natural Capital’s forestry investment platform and reflects strong demand for professionally managed forestry investment strategies. Fundraising continues, with the objective of building a fund larger than its predecessor vehicles.
The CapMan Dasos European Forest Fund IV is a closed-ended forestry fund targeting long-term value creation through active, sustainable management of European forest assets. The Fund aims to deliver a net internal rate of return of more than 8% by investing in high-quality European forest assets, where active management can unlock additional value beyond biological growth.
The Fund’s investment strategy focuses on building and operating a diversified portfolio of forest assets primarily in Northern Europe, UK and Ireland. These markets are characterised by established sustainable forestry practices, transparent legal frameworks and opportunities for hands-on value creation through active asset management and additional sustainability measures.
“CapMan Dasos European Forest Fund IV builds on our long-standing experience in forestry and our belief that active asset management is essential to unlocking the full value of forests,” says Jyri Hietala, Managing Partner at CapMan Natural Capital. “Beyond steady biological growth, forests increasingly generate additional value as natural capital attributes such as carbon sequestration, biodiversity and land-use optionality are recognised and monetised.”
By combining sustainable forestry operations with measurable climate and biodiversity benefits, the Fund aims to deliver clear impact while potentially realising additional financial value. In addition to wood production, the Fund will collaborate with renewable energy developers to explore renewable energy projects on forestland where appropriate, further enhancing long-term returns while supporting the green transition.
Following CapMan Natural Capital’s established stewardship framework, management of the Fund will have a strong emphasis on sustainable forestry practices, forest certification standards and nature-based solutions. CapMan’s local operating partners and deep regional expertise will play a central role in sourcing assets, executing value-creation initiatives and managing stakeholder relationships across target markets.
“Our investment team has delivered strong results over the years and brings deep experience in the European forestry investments,” says Tapani Pahkasalo, Co-Managing Partner at CapMan Natural Capital. “This experience positions us to deploy capital effectively and to pursue both financial performance and long-term natural-capital outcomes across the Fund’s investments.”
The Fund is structured as an SFDR Article 9 product, committing to sustainable investments. Its sustainable investment objective is aligned with the EU Taxonomy, targeting climate change mitigation. The Fund invests exclusively in FSC or PEFC certified, or certifiable, forests, with a goal of achieving certification for 100% of its assets. Science-based monitoring ensures that carbon stocks, biodiversity metrics, and social indicators are tracked, providing quantifiable environmental and social impact alongside financial returns.
For more information, please contact:
Jyri Hietala, Managing Partner, CapMan Natural Capital, +358 40 359 3566
