Speakers IFBC2022

Bin Mei

University of Georgia

Hargreaves Professor of Forest Finance

Tomasz Kozlowski

European Investment Fund

Head of Mandate and Product Development

Andrzej Bednarski

Shandong Sun Paper

International Project Director

Mike Strzelecki

Manulife Investment Management

Managing Director, Business Development, Senior Timberland Portfolio Manager

Keith Black

FDP Institute

Managing and Program Director

Chung-Hong Fu

Timberland Investment Resources

Managing Director, Economic Research and Analysis

Karolina Chudy

Forest Business Analytics

CEO & Founder

Austin Himes

Mississippi State University

Assistant Professor

Aleksandra Antsugai

Alexandra Antsugai

European Bank for Reconstruction and Development

Senior Environmental Advisor

Lawson Fite

Lawson Fite

Marten Law


Laura Merlini

Chartered Alternative Investment Analyst Association


Jacek Siry

University of Georgia

Professor in Forest Economics

Eric Cooperström

Manulife Investment Management

Managing Director, Impact Investing and Natural Climate Solutions

Asger Olesen

Asger Strange Olesen

Forest Stewardship Council

Chief Climate and Ecosystems Officer

Nabil Fawaz

Multilateral Investment Guarantee Agency

Sector Manager, Agribusiness, Manufacturing, and Services Operations Group

Frederick Cubbage

North Carolina State University

Professor in Forest Economics

Andy Hiegel

University of Georgia

Doctoral Candidate in Forest Business

Peter Chappell

Tilhill Forestry

Head of Investment and Property

Carsten Brinkschulte

Carsten Brinkschulte

Dryad Networks

Co-founder and CEO

Mark Willhite

World Forest Investment


Doug Jones


Senior Vice President

Aleksandra Holmlund


Researcher in innovative finance for biodiversity protection

Phil Cottle


Head of Forestry

Robert Adamczyk

European Bank for Reconstruction and Development

Senior Environmental Advisor

Krzysztof Wypij

Bureau Veritas

Forest Management Certification Technical Manager

David Evison

David Evison

University of Canterbury

Associate Professor in Forest Economics

Shauna Matkovich

The ForestLink

Founding Director

Antonio Carlos Arpini Tatagiba

Antonio Carlos Arpini Tatagiba


Chief Executive Officer

Sven Kallen Life Terra

Sven Kallen

Life Terra Foundation

Co-founder and Secretary

Andreas Schnall


CEO / Senior Consultant Land Use and Forestry

Lukas Schönach

Lukas Schönach

Descartes Underwriting

Senior Business Developer

Andreas Stephan

Andreas Stephan

Linnaeus University

Professor of Forest Industrial Economics

Bob Izlar

University of Georgia

Founding director of the University of Georgia Harley Langdale, Jr. Center for Forest Business

Maurice Ryan

Green Belt

Business Development Director

Frederic Fournier

Frédéric Fournier

Open Forest Protocol

CEO and Co-founder

Wendelin von Gravenreuth

Wendelin von Gravenreuth

MEAG a Munich Re Company

Senior Manager Global Forest Investments

Carlo Farina

Carlo Farina

CERN Pension Fund

Head of Real Estate and Private Markets

Doug Moore

PGIM Real Estate's Timberland Finance

Investment Vice President

Eimear McBride


Director of Digital and Innovation

Ian Cameron


Vice President of Operations

Dzintars Salavs

I Asset Management

Fund Manager

Charl de Villiers

Margules Groome Consulting


Rafał Chudy

Forest Business Analytics

Founder and Chief Economist

Manoel de Freitas

Forest Engineer graduated at Federal University of Paraná, Business Administrator, graduated at Pontifical Catholic University of Campinas and with a postgraduate degree in Environmental Management from the Metropolitan Faculty of Campinas. Attended Development Course for Senior Executives at Darmouth School – USA.

He served as Executive for the American multinational in the forest products sector Champion International Corporation / International Paper. He acted as Director of several sectorial entities, among them, Forest Research and Studies Institute – IPEF / USP, FLORESTAR Fund, Brazilian Forestry Society. Author of several technical papers on the forestry sector. In the last few years, he has acted as a counselor and consultant, both for companies in Brazil and abroad.

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Keith Black

Keith Black currently serves as Managing Director of Content Strategy for the CAIA Association. He previously worked in hedge fund manager research at Ennis Knupp + Associates, as well as an assistant professor at the Illinois Institute of Technology. Prior experience includes commodities derivatives trading, stock options research and CBOE floor trading, and equity research.

Dr. Black has been published in The Journal of Wealth Management and The Journal of Alternatives Investments among others. He is the co-author of the second, third, and fourth editions of the CAIA Level I and Level II curriculum.

Dr. Black earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD from the Illinois Institute of Technology. He has earned the CFA, FDP, and CAIA designations.

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Session IIIb: Forestry – a growing asset class
Forestry as an investment in the planet’s future
Moderator: William Schlosser, Washington State University

8:00 – 8:20 Forest Investment Framework as a Support Tool for the Sustainable Management of Planted Forests
Richard Yao, SCION
8:25 – 8:45 Projecting Global and Regional Outlooks for Planted Forests under the Shared Socioeconomic Pathways
Frederick W. Cubbage, North Carolina State University
8:50 – 9:10 Ultra-premium Hardwood from Complex Natural Forests – the Paradigm Case in Modern Forest Finance
John Foppert, Pekin Branch Forestry
9:15 – 9:35 Understanding Natural Hazard Risks in Forestry
Phil Cottle, ForestRe
09:40 – 10:00 Coffee Break

Session IV: Applied Science
Moderator: Laura Merlini, CAIA

10:05 – 10:25 Why Log Price Predictions Define Overall Asset Value for Timber Management Organizations?
William Schlosser, Washington State University
10:30 – 10:50 Timberland Investment Trends: Tempests on Wall Street versus Global Opportunities.
Frederick W. Cubbage, North Carolina State University
10:55 – 11:15 Publicly-traded vs Private Equity Investment Options – Which are Better for Investors Interested in Participating in the Timberland Asset Class?
Richard Mei, University of Georgia
11:20-11:40 Economic impacts of Setting Reference Levels for the Forest Carbon Sinks in the EU on the European Forest Sector
Birger Solberg, Norwegian University of Life Sciences
11:45 – 12:05 Which Investors are Willing to Pay for Goodwill and Impact in their Alternatives Investments?
Adair Morse, HAAS School of Business, University of California Berkley
12:10 – 12:30 The Performance of Private Equity Timberland Funds.
Rafal Chudy, NORSKOG

12:30 – 13:30 Lunch

13:35 – 14:35 PANEL: Investments in Forestry, Trends and Opportunities
Moderator: Sona Blessing, Independant Researcher
Keith Black, CAIA
Manoel de Freitas, Innovatech
Wendelin von Gravenreuth, MEAG
Justin Beardon, Preqin

Session Ib: Wood Industry – The Future of Wood
Moderator: Rafal Chudy, NORSKOG

14:40 – 15:00 Wood Fibre Life Cycle at Egger as a Foundation for Sustainable Future.
Lukasz Tymendorf, EGGER GROUP
15:05 – 15:25 SCA, the Forest and the Climate.
Björn Lyngfelt, SCA
15:30 – 15:50 How Does the Public see Sustainable Wood Sources?
Hendrikus Oddendal, JELD-WEN

15:50 – 16:00 Closing Remarks.
Rafal Chudy, NORSKOG

Tom Tuchmann

Tom Tuchmann photo, US Forest Capital


Mr. Tuchmann is President of US Forest Capital, LLC, a forest advisory company based in Portland, OR.  US Forest Capital helps clients: identify, manage and finance natural resource transactions; create and improve governance structures; and resolve public policy and communication challenges. In this role, Mr. Tuchmann has helped raise $280 million in conservation and ecosystem service funding that has conserved 165,000 acres of private working forestland.

Prior to founding US Forest Capital, Tom was Western Director and Special Assistant to the U.S. Secretary of Agriculture. During his tenure, he directed negotiations and implementation of the $480 million Headwaters Forest Agreement and he was charged with designing and managing President Clinton’s Forum that resulted in the $50 million conservation management plan for Lake Tahoe.

In his capacity as a public servant, Tom also served as the Director of the U.S. Office of Forestry and Economic Development where he was responsible for developing and implementing the President’s 24-million-acre Northwest Forest Plan and the associated $1.2 billion economic assistance program.

Mr. Tuchmann has also served as lead staff for the Senate Agriculture Committee where numerous statutes — including the Forest Legacy, Stewardship Contracting, Forest Stewardship, Northern Forest and Lake Champlain programs — that he developed on behalf of the Chairman were signed into law. Tom also served as Policy Director for Society of American Foresters.

Tom graduated with forestry degrees from Northern Arizona University and Pennsylvania State University and has served as Adjunct Professor at the Lewis and Clark School of Law. Tom speaks regularly on an array of natural resource topics, has served as Board Chair for Sustainable Northwest and currently serves on Northern Arizona University’s School of Forestry Advisory Board.

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