Published: 31 Jan 2023

Launch of UB FIGG


UB Forest Industry Green Growth Fund ("UB FIGG") I LP commenced its operations in 2023 with EUR 100 million in commitments. UB FIGG is a private equity fund investing in companies focused on plastic and other fossil fuel 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.


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 FIGG is a closed-end private equity fund for professional investors, with 10-year term and a target size of EUR 300 million. The fund’s target net return (IRR) is over 15 per cent. The Fund’s alternative investment fund manager is UB Fund Management Company Ltd, which is a part of the United Bankers Plc group.


Further information:

Managing Partner, UB Forest Industry Green Growth Fund

Matti Lehtipuu

+358 40 525 5103


Head of International Distribution

Dick Ehrnrooth

+358 40 532 7899


Investing in funds is always associated with an economic risk. The value of the fund investment can go down as well as up and you may not get back the amount originally invested and past performance is no guarantee of future results. The Fund is marketed only in such jurisdictions where the notification has been made.