Setter Capital says timber accounted for the majority of transactions within the $331m in secondary sales of stakes in agriculture and timber funds recorded in 2016.
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It is understood the vehicle, which launched in February, will make secondaries investments.
The global investment manager has already made one secondaries deal from its latest fund of funds in the strategy.
Macroeconomic concerns have weighed on secondaries market participants’ minds over the last 12 months and have had varied effects.
Total deal volume in the first half fell to around $17bn, according to the advisory firm’s mid-year report.
This will be the eighth global office for the Canadian pension giant, which bought a $1bn portfolio of private equity fund stakes from Australia’s sovereign wealth fund at the beginning of the year.
The firm manages two other real estate-focused funds, the $250m Clairvue Capital Partners I and $120m Clairvue Capital Partners II.
The global investment firm’s infrastructure and real assets group will provide primary and secondaries fund advice.
Record levels of dry powder, macroeconomic headwinds and political uncertainty; advisory firms’ mid-year reports make for interesting reading.
It makes sense for LPs to use the secondaries market for liquidity rather than seek asset sales when it comes to Australian agri, according to the head of a Queensland-based investment firm.