Astarte Capital Partners and Silvipar have announced the close of their Silvipar Astarte Impact Forestry Fund at $325.3 million.

Astarte says the fund had an initial target of $200 million and should become the largest and most diverse institutional capital pool ever assembled for investment in Paraguay. Silvipar is a forestry development and management company headquartered in Stockholm.

The fund targets a portfolio of more than 80,000 hectares with the intention of planting approximately 60 million trees. This portfolio should generate a volume of carbon removal estimated in excess of 18 million tonnes of carbon sequestration.

Teresa Farmaki, co-Founder and Managing Partner of Astarte Capital Partners said, “We are thrilled to announce the successful closure of our forest fund, significantly surpassing our target expectations! This achievement reflects not only the confidence investors have placed in our vision but also their recognition for our strong commitments to environmental and social stewardship. Each dollar invested is being translated into tangible impact, supporting local communities, safeguarding biodiversity, and combating climate change. We celebrate this achievement as an important milestone for our team as well as a powerful example of how sustainable investments can combine economic prosperity, ecosystem benefits and social equity.”

Martin Forsen Chairman of SilviPar AB said, “We are delighted to announce the final closure of SAIFF, exceeding our anticipated targets. This achievement not only highlights the unwavering confidence our investors have shown in our objectives but also represent our shared commitment to environmental preservation and sustainable growth. In a world increasingly cognizant of the need for biodegradable and sustainable alternatives, wood emerges as the premier choice among biobased materials, poised to supplant conventional, fossil-based resources. By adhering to the highest international sustainability standards in forest and land management, we are not only nurturing local communities and preserving the environment but also cultivating one of the most competitive and sustainable products on a global scale.”

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