James W. Hourdequin
CEO and Managing Director
Jim joined Lyme in 2005 and leads the Company’s investment and business strategies. Over the past 12 years, he has managed the acquisition of over 800,000 acres of timberland throughout the US and Canada. Jim has expertise in structuring transactions that combine conservation outcomes with attractive income yields from sustainable timber harvesting. Jim has led Lyme’s focus on the acquisition lands where value can be created through active log marketing and operational restructuring. Jim has expertise in structuring transactions and in accessing attractive long-term financing such as the New Markets Tax Credit program. Prior to Lyme, Jim co-founded Long View Forest Inc., a logging and forestry services business based in Vermont, where he remains involved as an owner and member of the management team. He serves on the Finance Committee for the Montshire Museum of Science and was a founding board member of the Center for Woodlands Education, publisher of Northern Woodlands. Jim earned an M.B.A. with Distinction from the Harvard Business School and a B.A. cum laude in Biology from Dartmouth College.
Peter R. Stein
Peter joined Lyme in 1990 and has significant experience in conservation-oriented forestland and rural land purchases and dispositions. Peter develops conservation sale strategies on properties being evaluated or managed by Lyme and also leads Lyme’s conservation advisory business. Prior to his career with LTC Partners and Lyme, Peter was Senior Vice President of the Trust for Public Land (TPL) where he directed TPL’s conservation real estate acquisitions in the Northeast and Midwest. Peter lectures frequently at graduate schools and professional conferences on conservation investment structures and strategies. He is a member of the Board of Advisors of the Appalachian Mountain Club and serves on the boards of the Forest History Society and the National Alliance of Forest Owners. In addition, he is a former Board Chair of the Land Trust Alliance, served as a founding Commissioner of the Land Trust Accreditation Commission, and serves as a member of the Advisory Board of Rose Smart Growth Real Estate Fund No. 1. Peter is the co-founder of the Conservation Finance Network and the International Land Conservation Network. Peter earned a B.A. with Highest Honors from the University of California at Santa Cruz in 1975 and was a Loeb Fellow and received a Certificate in Advanced Environmental Studies from Harvard University in 1981.
Tom joined Lyme in 1983. He has deep experience managing the acquisition, operation, and disposition of forestland and conservation easements. Tom manages property due diligence efforts and acquisition negotiations. He also leads the negotiation of working forest conservation easements and other conservation sales. Over the past fifteen years, Tom has negotiated conservation transactions on over 750,000 acres of land. He has managed timber and rural land holdings throughout the Northeast, Pennsylvania, Virginia, and Appalachia. Tom worked as a consulting forester prior to joining LTC Partners and Lyme. He earned a B.S. cum laude from the SUNY School of Environmental Science and Forestry at Syracuse in 1977.
David P. Hoffer
David joined Lyme in 2011 and oversees Lyme’s high-priority conservation land and mitigation bank strategies. He also serves as general counsel and Chief Compliance Officer to the firm. Prior to joining Lyme, David spent ten years as a partner at one of the oldest middle-market investment banks in Boston, where he directed all aspects of deal execution, originated new business, and oversaw the finance, legal, and human resources functions for the firm. Before that, he was an executive at two Boston-based technology companies, a practicing lawyer, and an entrepreneur. From 1988 until 2013, David served on the board of the Ninevah Foundation, a land trust that has conserved thousands of acres of Vermont forestland using a variety of innovative financing tools. In 1995, David was part of a small team that secured financing for one of the first conservation easements under the federal Forest Legacy program in Vermont. David earned an M.B.A. from the Harvard Business School and a J.D. cum laude from Harvard Law School in 1996, and an A.B. magna cum laude in 1991 from Harvard College.
Sean joined Lyme in 2004. He leads forest management and forest certification on Lyme holdings and oversees the day-to-day activities of third party forest managers engaged by Lyme. In addition, Sean participates in acquisition and disposition due diligence with a focus on supervising forest inventory work conducted by third party consultants. Sean has been involved in forest management activity on all of Lyme’s forestland investments since The Lyme Northern Forest Fund. Prior to joining Lyme, Sean worked as a consulting forester, directing forest inventory projects and managing timber harvesting operations, as well as purchasing standing timber and selling logs. He serves as Chairman of the Board of Directors of the Empire State Forest Products Association and is a licensed New Hampshire Forester and a member of the Society of American Foresters. Sean earned a B.S. in Forestry from the University of Vermont in 1997.
Deirdre B. Goodrich
Director of Finance
Deirdre joined Lyme in 2016 and is responsible for financial statement reporting and tax compliance. She also oversees payroll functions for Lyme’s operating portfolio companies. Prior to joining Lyme, Deirdre was a principal and a member of the management team at a regional public accounting firm, servicing the audit and tax needs of pass-through entities and high net worth individuals. Deirdre began her career at Deloitte in Boston, and is a licensed Certified Public Accountant in New Hampshire and Vermont. Deirdre serves on the Board of Directors of Mascoma Bank in Lebanon, NH, where she chairs the Audit Committee and is a member of the Executive and Human Resources Committees. Deirdre earned a master’s degree in accounting in 1990 from Northeastern University and a B.A. cum laude in mathematics from Wellesley College in 1985.
Director of Investments
Marc joined Lyme in 2018 and is responsible for sourcing and evaluating new timberland investment opportunities, structuring and negotiating transactions, and managing existing investments. For twenty years, Marc has worked as a forester with private equity firms and small- and large-scale forest managers. From 2012-2017, Marc served as Director of Acquisitions for GreenWood Resources, Inc. He led GreenWood’s timberland acquisition activities, including sourcing and developing investment opportunities, leading financial analysis, and structuring and negotiating transactions. He previously worked on forestland acquisitions and management with International Forestry Investment Advisors and New Forests. Earlier in his career, Marc worked on forest management and certification issues with The Forest Trust, Rainforest Alliance, and a community-based forest management project. Marc has worked and lived in Indonesia, Malaysia, Vietnam, China, and Australia. Marc currently serves on the board of the Willamette Partnership, an NGO focused on environmental market development. He received an M.B.A. from Yale School of Management and a Master of Forestry from Yale School of Forestry and Environmental Studies in 2007 and a B.A. from Emory University in 1998.
Director of External Relations
Merritt joined Lyme in 2018 and is responsible for external relations and communications with current and potential investors. She also assists in developing conservation strategies and managing relationships with conservation partners. Prior to joining Lyme, Merritt served as executive director of the Center for Business, Government & Society at the Tuck School of Business at Dartmouth. Before Tuck, she worked at The Dartmouth Center for Health Care Delivery Science, where her work included ethnographic research to understand the social, cultural, and economic factors of tuberculosis in the mining sector in South Africa and support for the Ministry of Health of Rwanda in their national palliative-care strategy. From 2008 to 2011, Merritt worked as an investment analyst for a global long/short equity investment firm, Maverick Capital, where she also served on the board of its philanthropic foundation. Before Maverick, she worked as an investment analyst at Morgan Creek Capital Management. Merritt earned her M.B.A. from the Tuck School of Business, where she was a Tuck Scholar, in 2013 and a B.A. with Honors from the University of North Carolina Chapel Hill, where she majored in history, in 2006.
Brendan joined Lyme in 2018. He works with Lyme’s forest managers to support and improve forest operations and takes on special projects relating to forest inventory, technology, mobile GIS, and harvest operations projects. In addition, Brendan participates in acquisition and disposition due diligence with a focus on forest inventory work conducted by third party consultants. Prior to joining Lyme, Brendan worked as a consulting forester, conducting forest inventory projects and managing timber harvesting operations, as well as designing and managing GIS and database systems for timberland owners. He is a licensed Vermont Forester and a member of the Society of American Foresters. Brendan earned a B.S. in Forestry and a B.S in Forest Ecosystem Science from the University of Maine in 2003.
Robert St. James
Bob joined Lyme in 2001. He is responsible for portfolio-company and fund level accounting and reporting. He has special expertise in mitigation bank accounting and is responsible for supervising accounting staff at portfolio companies and third party management firms. Prior to joining Lyme, Bob was Controller and MIS Director for Sullivan Industries in Claremont, NH. He held the same positions for Vermont Diamond Instruments in Bridgewater, VT, and Loctite Luminescent Systems in Lebanon, NH, before that. Bob studied Applied Mathematics at MIT.
Senior Investment Analyst
David joined Lyme in 2014 and is responsible for analysis of new and existing investments. Before joining Lyme, David worked for ten years as a forester in private industry, for the Maine Bureau of Public Lands, and as the Yale University Forest Manager. He is a licensed forester in Vermont, and a member of the Society of American Foresters and The Forest Guild. David earned a B.A. in Molecular Biology from Princeton University in 1996 and a Master of Forestry from Yale University in 2004.
Senior Portfolio Accountant
Christine joined Lyme in 2014. She is responsible for portfolio-company and fund level accounting and reporting. Prior to joining Lyme, Christine served as Controller at GMO Renewable Resources, LLC, a Boston-based TIMO. She also worked for Prague & Company as a senior tax associate and Grant Thornton LLP Boston as a senior auditor. Christine graduated from Babson College with a B.A. in Accounting.
Cindy joined Lyme in 2014. She provides administrative support to the Managing Directors and oversees human resources administration for Lyme’s portfolio companies. Prior to joining Lyme, Cindy served as executive assistant to the CEO and Board of Directors for The Student Conservation Association, a national nonprofit located in Charlestown, NH.
Fan joined Lyme in 2008. She is responsible for accounts payable, bank reconciliations, and other accounting functions. Prior to joining Lyme, Fan served as an administrative assistant at Flow Analysis, a software company in Tennessee. Fan worked as a certified accountant in China for seven years. She earned her Bachelor of Economics/Accounting from Guandong Institute of Commerce in 1993. In 2007, Fan received an Accounting Certificate from Franklin Pierce University.
Katherine joined Lyme in 2018. She is responsible for supporting the portfolio-company and fund level accounting processes. She also supports various tax reporting processes and performs other accounting functions. Prior to joining Lyme, Katherine was a Financial Analyst at Holman Automotive Group in Mt. Laurel, New Jersey. Preceding this position, she was a Senior Accountant at Holman Parts Distribution, a division of Holman Automotive. During her time in New Jersey, she obtained her Masters of Business Administration from St. Joseph’s University in Philadelphia, with a focus in Business Intelligence and Analytics. She earned her Bachelors of Accounting/Management from Castleton University in Vermont.