Gresham House acquires US forestry asset

Specialist alternative asset manager Gresham House has made an agreement to acquire a majority interest in US-based Molpus Woodlands Group, creating one of the world's largest timberland investment managers with around $11.5 billion of forestry assets under management.

Gresham House and Molpus Woodlands Group will together form the third largest timberland investment manager by AUM globally, with operations in the UK, Ireland, US, Australia and New Zealand, managing more than 2.2 million acres.

This comes after Gresham House secured an investment from NGS Super into its Sustainable International Forestry Strategy, which it said underscored growing institutional demand for global timberland and natural capital assets.

"The acquisition of Molpus Woodlands Group will significantly expand our global client offering and deepen our investment and operational capabilities. The combined business will provide an exciting opportunity for our investors to gain exposure to the US market in key areas like timberland, afforestation, reforestation, carbon credits and land optimisation," Gresham House chief executive Tony Dalwood said.

"The Molpus team brings outstanding on-the-ground forestry expertise, a demonstrated track record, and deep client relationships in their local markets, which are a key area of growth for us. As natural capital increasingly becomes a component of global asset allocation, we seek to continue to build a differentiated, global platform with the necessary scale, capability and ambition to support our clients' evolving needs."

Molpus' existing team will continue to lead operations in the US. They will also join the Gresham House global executive management team and investment committees for the enlarged forestry platform.

The combined business will remain privately owned, aligning employee incentives with client outcomes. Financial terms were not disclosed, and the transaction remains subject to customary closing conditions, including regulatory approvals.

Gresham House and Molpus Woodlands Group have raised around $3.6 billion in timberland mandates since 2020, including more than $1.45 billion in 2025.