Development Bank of Japan Inc. ("DBJ") has signed an investment agreement with TIR Europe Forestry Fund II, which focuses its investments on forests in the southern regions of the United States.
The fund is managed by Timberland Investment Resources LLP (CEO: Mark Seaman; "TIR"), based in Atlanta, Georgia, and Timberland Investment Resources Europe LLP, its European affiliate. It is TIR's second fund intended for non-U.S. investors. As of March 31, 2021, TIR's investments comprised some 836,000 acres (about 338,000 hectares) of forest, mostly medium-sized forests in the southern United States.
Japanese financial investors have limited experience in forest investment. By investing in forests in the United States, the world's largest forest investment market, DBJ aims to bring material knowledge and skills to Japan's financial institutions and contribute to the revitalization of the country's forestry industry. This investment is part of DBJ's larger range of support for efforts to realize a sustainable society.
DBJ's corporate philosophy is to "apply financial expertise to design the future: to open up new frontiers as we resolve the issues of our clients and the community while promoting sustainable development for Japan and the world." In keeping with these principles, DBJ will lend financial support to efforts to resolve issues facing Japan's food and agriculture industries and promote their further development.
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