T hrough the Bonn Challenge (www.bonnc halle nge.org) and the multinational New York Declaration on Forests agreement, participating nations have made an unprecedented commitment to restore 350 million ha of degraded land by 2030. However, there remains a huge gap between political rhetoric and the reality of implementing restoration at this scale (Fagan et al. 2020). In bridging this gap, a key role exists for novel policy instruments that encourage private investment in restoration (Brancalion et al. 2017). Unsustainable logging has led to the depletion of timber resources across vast swaths of tropical forests (Cerullo and Edwards 2019). For example, in Indonesia in 2018, of the 56.5 million ha of natural forests officially under production forest licenses, 38.2 million ha were abandoned by the license holder (MOEF 2018). These forests are vulnerable to encroachment (Burivalova et al. 2020) and, because they do not earn government revenue, are often converted to plantations and are specifically excluded from Indonesia's moratorium on deforestation (Sloan et al. 2012). However, selectively logged tropical forests (see nutshell for definition) retain large amounts of carbon (C), support high levels of biodiversity, and provide many other ecosystem services (Berry et al. 2010; Fisher et al. 2011b; Chazdon 2014). Restoring selectively logged tropical forests will therefore be critical if ambitious global restoration and conservation targets are to be achieved (Cerullo and Edwards 2019). Can restoration of selectively logged forests be economically viable? To address this question, we reviewed over a decade's worth of evidence regarding restoration concessions in Indonesia, based on experience among the authors (RDH, TS, AA, and MS) of managing a 98,000 ha restoration concession in Sumatra since 2007, the responses of license holders to a short survey conducted in November 2016, and participation