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The Lyme Timber Company
The Lyme Timber Company LLC is an SEC-registered investment adviser in Hanover, NH, registered since 2014. It manages approximately $774 million in regulatory...
The Lyme Timber Company
The Lyme Timber Company LLC is an SEC-registered investment adviser in Hanover, NH, registered since 2014. It manages approximately $774 million in regulatory assets. The firm has 18 employees and 10 investment advisers.
General information
Firm type
other
Location
Region
North America
Country
United States
City
Hanover
Corporate office
Hanover, NH, United States
Principals
Jim Hourdequin
President
Peter Stein
Managing Director
David LeVangie
Chief Financial Officer
Sector focus
Frequently asked questions
Who runs investment decisions at The Lyme Timber Company?
Jim Hourdequin serves as President and leads the firm's investment strategy. He joined the firm in 1995 and took over as President in 2005. Peter Stein is a Managing Director involved in deal sourcing and conservation structuring. David LeVangie is Chief Financial Officer (per the firm's public website).
How does The Lyme Timber Company source proprietary deal flow?
The firm sources deals through relationships with private landowners, land trusts, and government agencies. Its conservation easement model allows it to bid on properties where the seller wants to retain a conservation outcome, which traditional timberland investors may not offer. Many acquisitions involve large, contiguous forest blocks with easements negotiated upfront.
Is The Lyme Timber Company structured as a single family office or does it operate more like a timberland investment manager?
The Lyme Timber Company operates primarily as a timberland investment manager, not a single family office. It raises institutional capital through commingled funds (e.g., Lyme Forest Fund series). Its capital base includes endowments, foundations, and family offices, but the firm itself is a registered investment advisor, not a family office.
Does The Lyme Timber Company participate in fund commitments or only direct deals?
The firm invests through its own commingled timberland funds, notably the Lyme Forest Fund series. It does not appear to commit capital as a limited partner in other managers' funds. Its investors are themselves LPs in those funds.
What investment stages does The Lyme Timber Company typically target?
The firm is a direct investor in working forest properties, typically large tracts (10,000+ acres). It does not invest in early-stage companies or venture capital. Its focus is on mature timberland with conservation easement opportunities.
Which sectors does The Lyme Timber Company explicitly avoid?
The firm does not invest in agricultural land, development real estate, or mining. It focuses exclusively on timberland, with a conservation easement overlay. It also participates in carbon offset markets tied to its forest holdings.
Where does the underlying wealth come from that supports The Lyme Timber Company?
The firm's capital comes from institutional investors and family offices, not from a single identifiable family fortune. It is not a family office and does not manage the wealth of a single dynasty. The firm's own ownership structure is not publicly disclosed.
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