Apex has been appointed by New Forests to provide fund services to Tropical Asia Forest Fund 2 (TAFF2). New Forests, an Australia-based investment manager of nature-based real assets and natural capital strategies, has AUD7.8bn (USD5.8bn) AuM across 1.1 million hectares (2.7 million acres) of investments. New Forests announced the first close of TAFF2 with USD120m of capital commitments.