The Lyme Forest Fund III

United States of America

Last updated 12 May 2020, by Impactyield.

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The Lyme Timber Company is a leader in the field of conservation investment and sustainable forest and land management. Lyme invests in North American forestland and rural real estate properties with high conservation value, often in partnership with conservation organizations, land trusts and/or public natural resource agencies. The Company works to monetize the non-timber values in the investment (such as development rights, public access and sensitive ecological areas) through the sale of a working forest conservation easement. The easement sale permanently protects the land base and other ecosystem services, and reduces the cost basis of the investment. Lyme then manages the timber sustainably, usually under Forest Stewardship Council third party certification. Lyme also invests in wetland and species mitigation banks and other emerging conservation investment opportunities.

The Lyme Forest Fund III is closed. Please contact Liz Adams ( for current offerings.

Financial description

Please contact Liz Adams for more information about Lyme's financial strategy and historical performance.

13 years

of track record


the year funded



Asset manager

SDG goals

SDG targets

Ensure conservation of mountain ecosystems

Increase financial resources to conserve and sustainably use ecosystem and biodiversity

Sustainable food production and resilient agricultural practices

Key performance indicators

Fund overview

Asset manager: The Lyme Timber Company

Product track record: Fund has 13 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2010

Vintage year: 2011

Target region: , , ,

Target close date: n.a.

Product term: 10 years

Assets under management: n.a.

Investment size: Min: 0; Max: 60,000,000; Avg: 20,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 12

Fund investments to date exited or repaid: 1

Management fee: 1.15%

Carried interest: 10%

Hurdle rate: 100% of cash flow will be distributed to Partners until they receive a 4% compounded annual return on their capital contributions. After which 10% will be distributed to the General Partner and 90% to Partners pro rata until they receive 6% compounded ann%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors




Phone number: 6036433300.00

If you wish to have your details removed from this database please email

Liz Adams

Director of External Relations

Peter Stein

Managing Director

Impact Performance


Impact thesis

Lyme's impact is primarily defined through landscape scale forestland conservation and favorable community development outcomes. By investing in and protecting forest land, Lyme preserves open space that provides clean water, soil conservation, carbon sequestration and wildlife habitat. Many of these conserved lands are adjacent to existing protected lands (such as state parks or national forests), thus increasing the amount of contiguous conservation land. Also, by sustainably managing forests, Lyme provides wood, a renewable and environmentally superior resource, while providing jobs and other community benefits. Many of Lyme's investments have utilized favorable financing through the federal New Markets Tax Credit program, which has helped low income, high unemployment areas achieve community economic development goals.

Impact Management


Financial benchmark

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