Blue Forest Makes Investment in Tahoe Forest Products
Sacramento, CA – Blue Forest Asset Management (BFAM), the asset management arm of California-based conservation finance non-profit Blue Forest, announced its recent investment into Tahoe Forest Products (TFP), a new sawmilling business founded to support restoration goals in the broader Tahoe and Central Sierra region. Blue Forest invested in the company through its California Wildfire Innovation Fund as a long-term, value-added financing partner.
TFP, located in Carson City, Nevada, is the first significant new sawmill in the Sierra Nevada in several decades and provides a sustainable outlet for timber sourced from local restoration projects as well as salvaged from wildfire-affected areas. Once operational, the facility will manufacture commodity and specialty wood products and residuals for regional markets. In partnership with the Washoe Development Corporation, an affiliate of the Washoe Tribe of Nevada & California, TFP is committed to revitalizing the region’s sustainable forestry supply chain and providing employment opportunities for dozens of local community and Tribal members.
Zach Knight, CEO of Blue Forest, said, “We are excited to support TFP alongside its many partners, including the Washoe Development Corporation, the Tahoe Fund, and the USDA Forest Service, as well as the company’s founders and management team who are longtime Tahoe area residents and investors. This new facility adds critical wood utilization infrastructure to the region and will meaningfully contribute to landscape-scale restoration goals, including via strong alignment with Blue Forest’s Forest Resilience Bond project work.”
Kevin Leary, Chairman of Tahoe Forest Products, added “We are delighted to partner with the team at Blue Forest, whose values closely align with our mission of advancing forest health and supporting local economies. Blue Forest is a synergistic partner to TFP and we look forward to working together to advance the pace and scale of forest restoration in the Sierra Nevada.”
About Blue Forest:
Blue Forest is a conservation finance non-profit focused on forest restoration. Since 2018, Blue Forest has managed investor capital through its flagship financial product, the Forest Resilience Bond, which deploys private capital to finance forest restoration projects on private and public lands to reduce the risk of catastrophic wildfire. More recently, Blue Forest has also established Blue Forest Asset Management (BFAM), an investment management platform connecting investors to compelling, mission-aligned opportunities in a broader set of asset classes beyond FRB projects, such as private equity and private credit investments. For more information about the California Wildfire Innovation Fund, visit https://www.blueforest.org/asset-management.