BTG Pactual Timberland Investment Group has completed the first close of $370 million in commitments to its Latin America strategy.

Targeting investment of $1.5 billion over 5 years, the strategy focuses on large-scale, sustainably managed, core timberland assets across Chile, Uruguay and Brazil, and seeks diversification across geography, climatic zones, species, and end-markets.

BTG says the strategy seeks to capitalize on Latin America’s favourable growing conditions, technologically advanced forest products industries, and strong domestic and export markets.

Matheus Moura, Head of Latin America Investment Management, BTG Pactual TIG, said, “This first close reinforces our conviction in Latin America as a compelling opportunity for timberland investment, due to its unique biological and structural attributes. At the same time, rising local demand and continued institutional investor interest for natural capital investments—including natural climate solutions, carbon credits, and inflation-resilient real assets—continue to support our long-term view.”

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