Gresham House tips £6bn AUM by year end on forestry mandate

In July asset manager was appointed to run a 24,800-hectare Australian forestry investment

Gresham House is closing in on £6bn in assets under management thanks to an Australian forestry mandate picked up in the summer.

In a trading update for the year to the end of December, published on Thursday, the group said assets were set to jump 50% from the year before following strong demand from institutional investors and the completion of an Australian forestry transaction.

In July, Gresham House was appointed as asset manager for the 24,800-hectare Australian forestry investment, Green Triangle Forest Products, by Axa Investment Managers Alts.

It also said the launch of the Gresham House Forest Growth & Sustainability strategy in June had been well received with a second close expected by the end of the year.

Elsewhere, it noted a second close of the British Sustainable Infrastructure fund is expected to increase total commitments in 2021 to £150m and, together with plans for climate transition strategies, is intended to support an identified pipeline of over £1.6bn.

Gresham House also said its Strategic Equity team is benefiting from continued strong investment performance which is supporting growth in the open-ended equity funds and VCT areas, which have scaled through over £200m of net inflows year to date.

Gresham House chief executive Tony Dalwood said: “Our client base is growing and diversifying as investors seek solutions for long term sustainable investing that provide both best practice governance and strong performance. We also continue to build out the group’s international footprint with the addition of an Australian forestry mandate. The structural growth drivers for the alternative asset management sector remain strong, and our investment this year in talent across the business puts us in an excellent position to drive further momentum and growth into the new year and beyond.”

In October, the asset manager was booted from the Gresham House Strategic (GHS) investment trust mandate following the board’s decision to undertake a strategic review. The board then appointed Harwood Capital but shareholders subsequently voted to wind down the trust. 

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