Investment group

BTG Pactual Timberland Investment Group and BCI create Caddo Sustainable Timberlands, LP with 772,000 acres in East Texas

NEW YORK–(BUSINESS WIRE)–BTG Pactual Timberland Investment Group (TIG) and British Columbia Investment Management Corporation (BCI) have established Caddo Sustainable Timberlands, LP (CST), a platform company focused on creating exposure to the southeastern United States forest lands. United States. CST’s investment mandate is to generate superior risk-adjusted returns for investors while ensuring ecological integrity and sustainability. John Lock has been named president and Patrick Chambless, chief financial officer (CFO). Prior to CST, Lock was regional manager for Arkansas and Texas for an institutional timberland management company and Chambless was financial reporting manager for an institutional timberland management company in Texas.

CST comprises approximately 772,000 acres of Sustainable Forestry Initiative (SFI) certified forest land in the East Texas and West Louisiana markets. CST’s platform includes key customers Georgia Pacific, Louisiana Pacific, International Paper, West Fraser and Roy O. Martin.

John Lock, President of CST, said: “Having already spent 22 years of my career managing the assets that make up Caddo Sustainable Timberlands, I know firsthand the significant economic, conservation and environmental contributions these properties have made to consumers. lumber, East Texas communities and the logging industry, and the need to continue this legacy. Our team at CST is committed to delivering exceptional stewardship, sustainability and value through the implementation of science-based forest management practices that promote healthy and vigorous forests while protecting water quality and essential habitats. We are also excited to partner with the Texas Forestry Association, conservation groups, local communities and regional stakeholders to continue the rich history of forest land and natural resource management that is the fabric of these properties and the culture of East Texas for over 100 years. .”

Patrick Chambless, CST’s Chief Financial Officer, said: “I am grateful to have the opportunity to be part of Caddo Sustainable Timberlands and to work alongside John and the TIG and BCI teams. We strive to build a best-in-class organization that generates immediate return on investment for our shareholders, while sustainably managing our portfolio and implementing the highest standards of environmental, social and corporate governance.

Gerrity Lansing, Head of TIG and Director of CST’s Board of Directors, added, “We are delighted to partner again with BCI, one of Canada’s largest institutional investors, who shares our long-term commitment to the deep and diverse East Texas market, as well as our focus on environmental and social sustainability. Along with John and Patrick, we have hired an incredible team to lead CST, who have decades of experience with these specific assets and the East Texas communities where they are located.

Sameer Jinnah, Managing Director of BCI, added: “BCI is an active investor in the forestry sector and CST is an example of our commitment to a market that can generate attractive risk-adjusted returns for our clients over the long term. We are delighted to work with trusted partners to continue to increase our exposure to high quality, sustainably managed forests in key markets.

ADDITIONAL INFORMATION

ABOUT BTG PACTUAL TIMBERLAND INVESTMENT GROUP

BTG Pactual (BPAC11) is Latin America’s largest investment bank, operating in the investment banking, corporate lending, sales and trading, wealth management and asset management markets. assets. BTG Pactual Asset Management has an international presence with over $100 billion in assets under management and administration. BTG Pactual Timberland Investment Group (TIG), a division of BTG Pactual Asset Management, is one of the oldest and largest timber investment managers in the world with nearly $4.5 billion in assets and commitments and 3.0 million acres under management globally in Q3 2021. TIG is focused on delivering compelling returns on investment while maintaining high standards of environmental and social governance. on the management of clients’ investments. For more information, please visit www.timberlandinvestmentgroup.com.

ABOUT BCI

With C$199.6 billion in assets under management as of March 31, 2021, British Columbia Investment Management Corporation (BCI) is one of the largest institutional investors in Canada. Based in Victoria, British Columbia, BCI is a long-term investor investing in a range of asset classes: fixed income securities; public actions; capital investment; Infrastructure; renewable resources; real estate; and commercial mortgages. BCI’s clients include public sector pension plans, insurance and special purpose funds. BCI’s infrastructure and renewable resources program, valued at more than C$20.0 billion, invests in long-lived tangible assets that include a portfolio of direct investments in companies in various sectors spanning utilities regulated, energy, telecommunications and transport, as well as investments in timberlands and agribusinesses. These companies operate in stable and mature regulatory environments, provide opportunities for future capital investments and have the potential to generate stable returns and cash returns for our clients. The program is diverse in North America, Asia, Australia, Europe and South America. For more information, please visit www.bci.ca.

ABOUT CST

Through its subsidiaries, Crown Pine Timber 1, LP and Crown Pine Realty 1, Inc., CST owns interests in 772,000 acres of timberland located in Texas. For commercial inquiries, please contact [email protected]