Folium Capital targets $500m for third fund

• Folium presently manages more than $1 billion in assets across multiple portfolios
• Folium Fund III will have an investment period of four years and a term of twelve years
• Folium Capital is based in Burlington, Massachusetts

Folium Capital is seeking to raise $500 million for its third fund.

Folium Fund III will invest in climate-focused agriculture and forestry assets.

Although Folium presently manages more than $1 billion in assets across multiple portfolios, the fund marks the first time that Folium is combining agriculture, forests, and carbon optionality into a single fund.

Folium Fund III will have an investment period of four years and a term of twelve years.

“We believe that our global view, when combined with our investment selection and risk management processes, and our history of strong relationships with local partners, is essential to achieving quality returns for our investors,” said Scott Estey, a partner of Folium Capital, in a statement. “The team’s commitment to sustainability and in-depth ESG tracking forms a foundation for continuous practice improvement.”

Folium’s current portfolio of sustainably managed forestry and agriculture assets are diversified across Australia, Brazil, Chile, Panama, Portugal, Spain, the U.S., and Uruguay.

Based in Burlington, Massachusetts, Folium Capital invests in forest and agriculture assets across four continents.