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Evli Impact Forest Fund I Ky
Evli Fund Management Company established the Evli Impact Forest Fund I Ky in 2022 as an Article 9 fund under the EU Sustainable Finance Disclosure...
Evli Impact Forest Fund I Ky
Evli Fund Management Company established the Evli Impact Forest Fund I Ky in 2022 as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation. Portfolio Manager Antti Sivonen leads the strategy, which operates as a manager-of-managers, allocating capital to a curated set of underlying forest investment funds rather than acquiring timberland directly. The fund targets dual returns: a competitive IRR from sustainable timber operations and measurable biodiversity and carbon-sequestration outcomes. The fund commits to forestry vehicles across two hemispheres. In the Nordic region, positions focus on established commercial forests managed under certification standards. In Latin America, the fund backs managers acquiring and reforesting degraded land with native species. Confirmed underlying exposures include commitments to funds managed by Dasos Capital, a Finnish timberland specialist, and 12Tree Finance, a Panama-based regenerative agroforestry platform. Investment structures span closed-end primary commitments and select co-investment co-ops that sit alongside those underlying managers. Evli Plc, the parent of the fund management company, oversees approximately €18.5 billion in client assets across its institutional, wealth management, and advisory businesses (per Evli, 2024). The Impact Forest Fund operates with a small dedicated team in Helsinki, drawing on the group's broader legal and compliance infrastructure. August 2023: Evli Fund Management Company closed the initial offering period for the vehicle, with continuing subscription rounds open on a quarterly basis. The fund commingled commitments from Finnish pension funds, European family offices, and charitable endowments. The vehicle's distribution structure separates the fund management company from the parent bank's asset-gathering machine. Investors access it through Evli's alternative investment platform, which historically served Nordic institutional allocators seeking direct exposure to private markets. For allocators, the architecture functions as a due-diligence and monitoring layer, packaging sub-manager selection, ESG reporting, and SFDR compliance into a single commitment.
General information
Firm type
Generic
Year founded
2022
AUM
<$500M (Altss estimate)
Location
Region
Europe
Country
Finland
City
Helsinki
Corporate office
Helsinki, Finland
Principals
Antti Sivonen
Portfolio Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Evli Impact Forest Fund I?
Antti Sivonen serves as Portfolio Manager for the fund, operating within Evli Fund Management Company. He leads manager selection, commitment sizing, and ongoing monitoring of the fund's portfolio. Sivonen draws on Evli's institutional platform but maintains a focused mandate restricted to forestry and timberland vehicles.
Is this a direct forestry fund or a fund-of-funds?
It is explicitly a fund-of-funds — it does not purchase standing timber or bare land. The vehicle commits capital to a diversified set of underlying closed-end forestry and agroforestry funds. Confirmed sub-managers include Dasos Capital in the Nordics and 12Tree Finance in Latin America.
What qualifies this as an Article 9 fund under SFDR?
Article 9 classification requires a sustainable investment objective. For this fund, the objective is measured via carbon sequestration from growing timber stocks and biodiversity gains on reforested land. Each underlying fund commitment must itself meet the sustainability criteria, and Evli reports aggregate impact metrics to limited partners.
Which geographies does the fund cover?
The mandate spans two primary regions: the Nordic countries — Finland, Sweden, and to a lesser extent the Baltics — and Latin America, notably Panama and Colombia. The geographic split intentionally diversifies both biological risk (boreal vs. tropical) and regulatory regimes.
Does Evli Impact Forest Fund I accept co-investors in individual deals?
The fund itself is a commingled vehicle. Co-investment access, when available, is structured through the underlying managers' own co-investment sleeves — Evli participates as a limited partner in those structures and does not offer co-investment side letters at the fund-of-funds level.
What is the fund's known approach to carbon credits?
The fund generates carbon credits through forest growth, but its primary return thesis is timber sales, not credit monetization. Carbon revenue is treated as a secondary income stream, with credit verification handled at the underlying manager level under third-party certification standards such as FSC and Verra.
How is the fund's closed-end structure constructed for liquidity?
As a closed-end vehicle, the fund does not offer redemption. The life is consistent with the 10- to 12-year tenor typical for timberland private equity. Evli processes quarterly subscription windows during the commitment period, with subsequent closings until the fund reaches its target size.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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