Everything that is made from fossils today can be made from wood in the future

UB Forest Industry Green Growth Fund is a private equity fund investing in sustainable and resource efficient forest and bio-based industries

See our portfolio


Focused on growth equity investments

Nordic and European investment focus




Fund target size



First closing January 2023



deployed per deal

Through its investments, the Fund will help the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.


UB Forest Industry Green Growth Fund (UB FIGG) I LP commenced its operations in 2023 with EUR 100 million in commitments. UB FIGG invests in companies focused on plastic and other fossil-based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and end uses.


The Fund's alternative investment fund manager is UB Fund Management Company Ltd, which is a part of the United Bankers Plc group. United Bankers is a Helsinki-based Financial Services group. Founded in 1986, United Bankers started its business in securities brokerage. Today, the company's business areas include Asset and Wealth Management and Capital Markets services. United Bankers has been listed on the Nasdaq OMX First North Growth Market since 2014 and moved on to the main market of Nasdaq Helsinki in June 2020.


The UB FIGG organisation has an in depth understanding of the forest and bio-based industries. The fund management team, investment committee and advisory board have extensive and comprehensive global sector expertise on the entire forest industry cluster with over 300 years of combined industry experience.