Chinook to manage assets as CDPQ becomes minority shareholder in new forestland investment initiative
CDPQ and Chinook Forest Partners have launched a new investment platform to build a diversified portfolio of forestland in the Pacific Northwest, US.
Chinook will manage the assets and deploy capital, with CDPQ becoming a minority shareholder to support the firm's growth and its natural capital portfolio expansion.
Founded in 2018, Chinook Forest Partners consists of professionals experienced in forestland and natural capital investments, with a network of landowners, forest product manufacturers, and external partners across the US.
Scott Marshall, founding partner and CEO of Chinook, stated that the partnership provides an opportunity to deploy capital efficiently and increase operational efficiencies across forestland ownership.
Chinook Founding Partner Kelly Droege highlighted the alignment of values and commitment to sustainability, which serves as a solid foundation for long-term forestland management.
Emmanuel Jaclot, CDPQ’s executive vice-president and head of Infrastructure, expressed enthusiasm about the partnership, emphasising CDPQ's focus on deploying capital towards sustainable land management in the region.
CDPQ's investment forms part of its Sustainable Land Management initiative, launched in 2020, which aims to deploy capital in land-focused assets with long-term environmental impact and ESG standards.
CDPQ has previously partnered with leaders in timberland, agriculture, wetlands restoration, carbon capture, and species protection in the US and Australia.
