Two specialist asset managers have formed an alliance to establish an institutional platform focused on regenerative agriculture investments in Chile and the broader Latin American (LatAm) region. The partnership has been agreed between Toesca Asset Management, an alternative investment manager based in Santiago, Chile, and Astarte Capital Partners, a London-based global investment firm which specialises in sustainable real assets. The arrangement’s first fund, Toesca Permanent Crops II, a member of the Astarte Platform, will invest US$350 million in a diversified portfolio of permanent crops based on regenerative and sustainable practices, targeting strategic expansion into Peru and other LatAm markets. Toesca and Astarte have committed around US$45 million as sponsor capital. The portfolio aims to deliver strong financial returns through high-performance orchards featuring carefully selected species, managed under the highest operational, environmental and social standards. Toesca and Astarte have combined experience of managing over 82,000 hectares of natural capital assets across South America, backed by a track record of strong financial returns, carbon sequestration, and positive environmental and social impact. “The combination of the natural competitive advantages of Chile and Peru for fruit production, along with the opportunity to provide counter-cyclical produce to the northern hemisphere, all within a dollarized industry, makes this investment case hard to beat compared to other alternatives,” said Carlos Saieh, Chief Executive Officer of Toesca Asset Management.
