A consortium led by Oak Hill Advisors bought 1.7 million acres of hardwood timberland for USD1.8bn to reduce logging and boost forest carbon deals. Oak Hill Advisors, made one of the largest timberland purchases in the U.S. Oak Hill is a subsidiary of T. Rowe Price Group Inc. They can tap into the USD57bn of assets under management to get the USD1.8bn for 1.7 million acres of forest it bought from The Forestland Group (TFG).

Source: carboncredits.com