Investing with strong secular tailwinds
We focus on partnering with best-in-class, local operators to invest in agriculture and timber assets in investment-friendly jurisdictions around the world. A high component of land, water or biological assets typically underpin our investments and add to downside protection. We also seek to invest in opportunities well poised to benefit from secular trends driving continued demand growth and increasingly constrained supply.
Leveraging its expertise in commodity-based businesses, the group’s mandate has expanded to include critical minerals.

Fast facts
- We invest in timber and agriculture as well as related opportunities
- We focus on direct, long-term investments with a heavy land, water or biological asset component
- We invest alongside like-minded partners and best-in-class operators
What sets us apart?
- Top class operating partners
- Long-term investment horizon
- Sector expertise across the timber and agriculture spectrum
- Availability of capital
- Responsible investing and high ESG standards
Natural Resources at a glance
[In C$ as at March 31, 2025]
Net assets under management (AUM)
Portfolio income
1-year rate of return
5-year annualized return
Discover where we invest
Geographic diversification
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43.4%Oceania
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26.1%US
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15.5%Central and South America
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9.3%Canada
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5.7%Europe
Sector diversification
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43%Permanent Crops
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21.6%Timber
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21%Row Crops
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12.8%Animal Protein
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1.6%Other
A sample of our investments (non-core Oil & Gas assets are not represented on this map)
Natural Resources in action

Operating Egg-cellence
Company: Ellerslie Free Range Farms
Headquarters: Australia
Sector: Agriculture
Date: 2004
The investment in Ellerslie Free Range Farms ("Ellerslie") represents PSP’ first investment within the Australian egg industry. The acquisition was completed in close collaboration with the founding family, a highly respected and experienced local operator with a proven track record spanning multiple decades.
Founded in 1958, Ellerslie stands as one of Australia's premier egg producers. The company's primary production is further bolstered by robust complementary assets, such as a feed mill and cutting-edge egg grading facilities. Additionally, Ellerslie holds a joint venture stake in Australia's largest egg distribution and marketing company, Sunny Queen Australia.

Rooted in quality
Company: IFM Timber Holdings
Headquarters: United States
Sector: Timber
Date: 2021
IFM Timber Holdings (“IFM”) is a partnership created alongside New Forests to acquire and operate United-States forestry assets that are well positioned for carbon project opportunities. The platform comprises over 345,000 gross acres of predominantly softwood timberland across northern California, southern Oregon, and southeast Oklahoma. IFM is focused on sustainable forest management practices that drive value accretion via carbon sequestration alongside sustainable harvest operations.
Meet our team leader
Marc Drouin
Senior Managing Director, Real Assets and Global Head of Natural Resources Investments

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