GEF Closes $160 Million Fund for Sustainable Forestry in Africa

Global Environment Fund, a U.S. private-equity firm with $1 billion under management, completed the closing of a $160 million fund for sustainable forestry in sub-Saharan Africa [8].

The GEF Africa Sustainable Forestry Fund, ahead of its $150 million target, will invest $15-$30 million in existing and new plantations or natural-forest concessions, Chevy Chase [9], Maryland-based GEF said today in a statement.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net [10]