By Gerelyn Terzo, Global AgInvesting Media
London-based asset management firm Astarte Capital Partners and Santiago, Chile-based asset manager Toesca are planting a new flag in the Andes. Global AgInvesting has learned that the duo has reached a first close of $100 million for a regenerative-agriculture platform focused on permanent crops across the region, with a plan to more than triple the investment vehicle tally to $350 million by 2026. Demand has been robust, as evidenced by capital commitments originating from institutional investors across five continents, signaling that global capital is examining the nuts and bolts of how food is grown.
On the ground, the value-add strategy is to invest in strategically located farmland featuring permanent crops such as orchards and groves, then operate them using practices that foster healthier soils and more efficient water management. At its core, the initiative champions sustainable land management and carbon-positive farming, all while chasing competitive financial returns. Investments will hone in on farmland and projects poised to improve soil health, biodiversity and resilience, weaving environmental stewardship into the fabric of profitability. The platform spotlights surging appetite for climate-smart agriculture and resilient food systems.
Last year, Astarte Capital Partners and Toesca introduced their partnership to build a Latin American regenerative-ag platform, starting with the Toesca Permanent Crops II fund, an investment vehicle that’s part of the Astarte program. The platform targets $350 million for Chilean orchards with planned expansion into Peru. The partners seeded the strategy with roughly $45 million of sponsor capital, targeting first deployments for early 2025, pairing Toesca’s local operating depth with Astarte’s natural-capital focus and expansive LP network. The strategy involves harnessing Chile’s edge in permanent crops under institutional stewardship and regenerative practices, then scale from individual groves to a diversified portfolio while keeping environmental and social standards at the core.
Astarte Capital Partners recently marked the final close of the SilviPar Astarte Impact Forestry Fund, marking an oversubscribed raise of approximately $325 million, surpassing its original $200 million target. The fund, which attracted investors from over two-dozen countries, is deploying capital in Paraguayan forestry to assemble a portfolio of more than 80,000 hectares, plant roughly 60 million trees, and maintain a 25 percent conservation set-aside, targets that together are expected to deliver significant carbon sequestration alongside commercial forestry returns.
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