GMO RENEWABLE RESOURCES

GMO Renewable Resources, LLC (GMORR) is the forest and farmland investment arm of Grantham, Mayo, Van Otterloo & Co. LLC (GMO). Since 1998, GMORR has invested approximately $3.7 billion in rural real estate assets in eight countries. We currently employ more than 30 people globally; our main office is located in Boston, Massachusetts and our investment team offices are located in Rotorua, New Zealand and Montevideo, Uruguay. Since its founding, GMO Renewable Resources (GMORR) has provided inv... estors with opportunities to invest in timberland and related investments through a series of pooled funds and separate accounts. Historically, GMORR has also managed agricultural investments ancillary to its timberland properties as part of a strategy to optimize land use and performance. Recently, GMORR has broadened its real asset investment capability to include dedicated agricultural investing. GMORR's seasoned team of rural land investment professionals is dedicated to the acquisition and sustainable management of globally diversified portfolios of timberland and farmland for the benefit of it clients. (Please see Responsible Investment.) Employing a value-oriented approach, GMORR seeks to invest in assets at prices reflecting biological yield and productive capacity of the land and seeks to manage investments for total return over the long term.More