– PRESS RELEASE –
Luxembourg, 28 June 2023 – Global law firm Hogan Lovells has advised Timberland Investment Resources Europe (TIR), a London-based asset manager investing in forestry and timber, on setting up their third Luxembourg fund, in the form of a reserved alternative investment fund (RAIF). Our assistance included the compliance of the fund with article 9 of SFDR. TIR targets to raise EUR 200 million.
Since 2013, Hogan Lovells Luxembourg has been assisting TIR on their three Luxembourg funds, including on the launch of their second fund. Each time, the work encompassed relating tax and regulatory work.
This is a great example of how we value long-term relationships with clients, all the more when they have a green area of investment.
Hugh Humfrey, Partner at Timberland Investment Resources Europe LLP commented on the matter and relationship with our team: “We have worked with Pierre and his team at Hogan Lovells for the launch of three funds in Luxembourg, including our most recent Sustainable Forestry and Natural Capital Fund, an Article 9 fund. Each has been more successful than its predecessor; this is largely due to Pierre’s wisdom, guidance and market insight and in particular on this occasion, the Hogan Lovells team’s interpretation of the complex regulations dealing with Article 9 funds. In more simple terms Hogan Lovells does what it says it will do.”
The Hogan Lovells team was led by partner Pierre Reuter with support from senior associate Simon Recher, associate Mathilde Soetens (all Investment funds, Luxembourg), partner Gérard Neiens and counsel Jean-Philippe Monmousseau (both Tax, Luxembourg).
The team was supported by partner Rita Hunter (Regulatory, London) and associate Julia Cripps (Financial services, London).
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