Patria Investimentos announced the creation of the Reforest Fund, in partnership with Pachama, with the goal of raising up to $100 million for reforestation and degraded land restoration projects in Brazil and other Latin American countries.
The fund aims to promote the ecological recovery of these areas by using both native and unconventional exotic species, while also encouraging the bioeconomy through the sale of carbon credits, reforestation timber, and agroforestry products.
According to the announcement, the fund will be structured around two types of projects: ecological restoration, aimed at selling carbon credits, and productive restoration, which includes the sale of timber and other products like cacao and coffee, along with carbon credits. The initiative also focuses on generating social benefits, such as job creation and economic development for local communities.
“Productive ecological restoration, in addition to promoting biodiversity and ecosystem services, generates social benefits for local communities,” the company stated.
The first projects of the Reforest Fund will concentrate on the Atlantic Forest (Mata Atlântica), a highly degraded biome with significant recovery potential. Future plans include expanding to other biomes across Latin America.
The partnership between Patria Investimentos and Pachama leverages the complementary strengths of both companies. Patria contributes “best governance practices, local presence, and the ability to mobilize long-term capital,” while Pachama brings “credibility to access high-quality carbon credit buyers and proprietary technology for project origination and monitoring,” according to the statement.
José Augusto Teixeira, a partner at Patria Investimentos, stated that “this new fund is part of our strategy to expand our product portfolio, complementing our offering with an alternative asset class in which we do not yet operate.” He emphasized that the fund’s projects combine differentiated returns with a positive impact on society and the environment. “The projects respect the environment while delivering positive social and economic impacts for communities,” he added.
The fund marks Patria’s entry into a new segment of sustainable investments, aligning with the growing interest in long-term environmental and social solutions in Latin America.
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