Timber is a relatively new asset class for most institutional investors. But Bayerische Versorgungskammer (BVK), the €112bn manager for 12 German public sector and professional pension funds for the Federal State of Bavaria has been invested since 2008. Kathrin Kalau-Reus, head of Private Equity, Infrastructure and Timber at BVK currently manages approximately €20bn in assets. She sat down with NZI editor Mona Dohle to discuss why timber should not be conflated with other real assets and how it can act as an inflation hedge.
The full interview can be read in the first issue of NZI Spark below.
