Oak Hill Advisors Teams with Bluesource for $500 Million Joint Venture on Carbon Offsets

Houston – Paul Hastings LLP, a leading global law firm, represented Oak Hill Advisors, L.P., a leading alternative investment firm with over $50 billion under management across performing and distressed credit related investments, on a $500 million joint venture with Bluesource, in an innovative transaction.

The new entity, Bluesource Sustainable Forests Company, will seek to purchase one million acres of North American woodlands that would otherwise be used for timber, and manage the properties to generate forest offsets, which are tradable assets that represent up to a metric ton of carbon that has been sequestered in standing trees.

The company believes the $500 million joint venture marks the beginning of an evolution in forestry investments in sustainable forestry as well as the ongoing development of the carbon credit markets. The transaction demonstrates Paul Hastings’ commitment to energy transition via the firm’s Energy Transition and Infrastructure team, which advises energy industry participants and investors, guiding them in their pursuit of growth while helping them navigate the fundamental changes reshaping the energy landscape, as the world works toward a low-carbon future.

Corporate Partner Kfir Abutbul, co-chair of the firm’s Energy Transition and Infrastructure team led the Paul Hastings team, which also included partners Chris Carr and Lucas Rachuba; and associates Brady Lambeth and Andrew Heather.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.