September 12, 2022 - The asc
impact forestry fund celebrates a successful first closing with investments
exceeding the 25 million euro mark. The investment in sustainable forestry in
Sub-Saharan Africa is associated with strong positive impacts for the climate.
Investors mainly from the DACH region are part of the first closing.
The asc impact forestry fund will invest in a
broadly diversified portfolio of up to 20 sustainable forestry projects in
Sub-Saharan Africa. All projects will be actively managed by the management team.
The investments are mainly made in regions characterized by high deforestation
rates and a strongly growing demand for sustainably produced timber.
In addition, the investment opportunities
combine other strengths: Over the entire life cycle, up to 5,000 jobs are
created, significantly increasing the prosperity of local communities.
Furthermore, the forests store up to 2,400,000 tons of CO2 annually over the
life of the fund. Due to the excellent growing conditions and the high local
demand for wood, the asc impact forestry fund manages to generate remarkable
"After an intensive start-up phase and
strenuous fundraising, we are extremely happy to have achieved more than 25
million euros in the first closing," says Christian Winkler, one of the
managing directors of asc impact GmbH. "With this, we can already
initially acquire three to four sustainable forestry projects in Sub-Saharan
Africa. We also placed particular emphasis on making our fund attractive to
"Sustainable forestry is a necessary step
to protect vulnerable areas in Sub-Saharan Africa from increasing
deforestation, to strengthen employment in rural areas as well as to fight
climate change. The asc impact team manages to combine sustainability and returns.
This approach convinced us to invest. We are very pleased to be part of the
first closing", says Florian
Rahmann from Survista Financial Advisors AG.
The founding team of asc impact - initiator of
the asc impact forestry fund - combines decades of agricultural and forestry
expertise with venture capital, start-up and legal experience. The result is a
complementary team with a relevant track record.
Karl Ernst Kirchmayer, Co-founder of asc impact
GmbH says, "Our family has been sustainably managing soils and forests in
Austria and Eastern Europe for over 300 years. This experience now enables us
to invest in emerging growth markets in Sub-Saharan Africa and manage the land
there sustainably for decades."
"The asc impact team recognized early on
that Africa will be the continent of great opportunity in this century and with
the asc impact forestry fund gave investors an excellent chance to participate
in this potential. The promised sustainability approach as well as a focus on
the education of local people is of great importance in our investment strategy
and has been one of the many motivations for our investment," underlines
the managing director of a Bavarian family office.
The first projects of the fund in Sub-Saharan
Africa are already under implementation. Project regions are being sustainably
and carefully selected in line with our investment criteria. Together with our
local partners, areas and tree species are carefully selected. With this
strategy, the asc impact forestry fund is taking on a pioneering role in the
field of sustainable forestry.
"A key point for my support was asc
impact's sustainability approach and the multifaceted and entrepreneurial team,
which resonates with me. The fund combines high returns with measurable
benefits for the climate and the respective communities," confirms Stephen
Brenninkmeijer, founder of Willow Investments, long-time board member of the
European Climate Foundation and responsAbility Participations AG.
the asc impact forestry fund
The asc impact forestry fund is a forestry fund
managed by Nixdorf Impact Movement Management GmbH as managing limited partner.
asc impact GmbH is the investment advisor of the fund. The fund invests in
sustainable forestry projects in Sub-Saharan Africa, aiming to sequester
significant amounts of CO2 and have a positive impact on local communities.
Investment opportunities are spread across different countries in Sub-Saharan
Africa, for example Angola, Ethiopia and Congo-Brazzaville. The current deal
flow amounts to a project volume of EUR 200 million with a target return of
around 19% net IRR.
Dr. Matthias Schulz
Mobile: +49 152 01929878
Mail: [email protected]
Mobile: +41 78 715 55 40
Mail: [email protected]