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Protecting conservation land while turning a profit
Like any private equity firm, The Lyme Timber Company seeks attractive financial returns for its investors. But Jim Hourdequin (MBA 2005), managing director at Lyme, considers a second audience—the public—when making decisions about his company’s timber and agricultural land investments.
“We target lands with important conservation attributes, usually in partnership with regional and national land trusts and conservation organizations. Through the conservation transactions we structure, the public gets the assurance that the property won't be converted to some other use, the assurance that the lands will be managed sustainably in perpetuity, and, in many cases, the assurance of public access to the land for recreation,” he explains.
Based in Hanover, New Hampshire, Lyme is recognized as a leader in conservation investing, having structured conservation transactions on more than 600,000 acres over the past 15 years. The firm is co-managed by David Hoffer (AB 1990, MBA 1995, JD 1996).
Hourdequin is passionate about long-term land stewardship and believes that Lyme’s conservation strategies help to align financial goals with conservation outcomes and public benefits.
(Published April 2014)
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