UB Forest Industry Green Growth Fund

UB Forest Industry Green Growth Fund (UB FIGG) is a private equity fund that commenced operations in January 2023 with over €100 million in investment commitments. The fund focuses on investing in companies that replace plastic and other fossil-based materials, enhance the use of wood and agricultural raw material side streams, and promote climate change mitigation solutions. UB FIGG is a signatory of the Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.

The fund has a pan-European investment scope, targeting professional investors in Finland, Austria, Denmark, Estonia, France, Germany, Italy, Latvia, Luxembourg, the Netherlands, Norway, Spain, and Sweden. It aims to raise a total of €300 million and has a target net return (IRR) of over 15%. UB FIGG invests between €5 million and €20 million per portfolio company, focusing on growth and late-stage investments in the packaging, building products, and biochemicals industries.

UB FIGG's team comprises highly experienced experts in the forest industry, corporate finance, and growth entrepreneurship, with over 300 years of combined industry experience. The fund's alternative investment fund manager is UB Fund Management Company Ltd, part of the United Bankers Plc group, a Helsinki-based financial services group founded in 1986. United Bankers specializes in asset and wealth management and capital markets services, with assets under management of approximately €4.6 billion as of June 2022.