GreenCollar, the Australian environmental project developer backed by Ontario Teachers’ Pension Plan, has launched a new fund seeking to raise A$100m (€56m) to generate carbon credits for corporate clients.
The fund, which expects to hold its final close in the first quarter of 2026, will be focused solely on reforestation by environmental planting (REP) Australian carbon credit units (ACCUs).
Dave Moore, GreenCollar’s representative, told IPE Real Assets: “This fund will allow investors to gain access to a long-term pipeline of ACCUs. Given the current pipeline of opportunities, the first projects could be registered just after closing the raise.”
Investors will be entitled to a distribution of ACCUs generated by the fund. Investors can elect to have profits distributed in ACCUs or in cash.
Moore said the fund would not invest in timberland. Instead, it will work in partnership with farmers and other landholders to originate REP projects.
Specifically, it will apply the “reforestation by environmental or mallee plantings 2024 carbon methodology”, or similar methodologies to produce measurable and verifiable outcomes that generate ACCUs.
Over the last 15 years, GreenCollar has cornered 40% of Australia’s land-based accredited carbon credit market.
The firm has an existing portfolio of more than 200 registered and contracted projects covering more than 10m hectares and forecast to generate some 132m ACCUs and other credits such as plastic and nature credit.
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