Timbervest Partners III closes US$6.9M private equity fund, raising amount from six investors

Audrey Dixon

LOS ANGELES , January 16, 2012 (Industry Intelligence) – Atlanta, Georgia-based Timbervest LLC, through its Timbervest Partners III LP, has closed a US$6.9 million private equity fund, according to an SEC filing, Citybizlist reported on Jan. 16.

The timberland investment management organization reportedly raised the amount from six investors.

Timbervest Management III LLC and Timbervest LLC, the issuer's manager, are the principals named in the SEC filing, which also noted: “The Issuer is offering and selling up to an additional $50,000,000 in reliance on Regulation S.”

Founded in 1995, Timbervest owns and manages timberland, timberland-related investments, and crossover assets, Citybizlist noted. According to Industry Intelligence data, the company currently manages 825,000 acres of timberland across the U.S., including the Northeast, Southeast, Appalachia, West Gulf and Pacific Northwest.

According to Citybizlist, Timbervest’s managing partner and CEO Joel B. Shapiro previously founded Shapiro Capital Management and The Atlanta Growth Fund.

The primary sources of this article are Citybizlist, Atlanta, Georgia, on Jan. 16, 2012, and an SEC filing by Timbervest dated Jan. 13.

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