- Gresham House, the specialist asset manager, has announced the first close of the Gresham House Forestry Fund LP with £15.0 million of commitments and finance raised for the strategy from university college endowment funds, family offices and private individuals, including £1.25 million from Gresham House.

Richard Davidson will manage the Fund with support from the Gresham House dedicated forestry team and will target net returns of 10% per annum, which includes an expected annual income distribution of 2% to 4% from timber sales.

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