GEF Closes $160 Million Fund for Sustainable Forestry in Africa
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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.
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, Maryland-based GEF said today in a statement.