United Bankers is launching a private equity fund investing in forest and bio-based industries. The fund, named UB Forest Industry Green Growth Fund (UB FIGG), has secured commitments of €100 million from anchor investors such as Finnish state-owned investment company Tesi, Finnish pension insurance companies Veritas and Elo, as well as Finnish Broadcasting Corporation’s Pension Fund and Sandvik Pension Fund. The private equity fund seeks to invest in companies that develop and offer replacements for plastic and other fossil fuel-based materials and engage in more efficient use of wood and...