Production 2024

Terrasos (EcoEnterprises) – $0.59 million development contribution

EcoEnterprises (“EcoE”, the “Fund Manager” or “FM”) is a women-led fund manager with a 20+ year track record of building investment portfolios with a focus on critical natural ecosystems in LAC. Terrasos S.A.S. (“Terrasos”) structures and operates environmental investments focusing on the Colombian compliance market for biodiversity offsets. The repayable development contribution fits well with MFF’s mandate as Terrasos’ core business model involves the protection and restoration of valuable threatened ecosystems, including forested areas. By structuring the facility with existing FMO investee EcoE, FMO works with a familiar and trusted party with deep biodiversity expertise and a solid track record in managing impactful SME investments in LAC.

Amazonia Nativa - $0.90 million development contribution

Amazonia Nativa S.A.S. (“AN” or “the Company”) is a newly established Colombian company ("SPV") that has been set up for the purpose of this pilot project. The Company is jointly governed by ACT Group (''ACT'') and Campo Capital (''CC'). ACT is a global provider of market-based sustainability solutions including carbon markets expertise and advisory, carbon project development and commercialization of carbon credits. The RDC fits well with MFF’s mandate as AN’s business model involves the afforestation of degraded ecosystems to deliver climate change mitigation outcomes, whilst supporting local economic development. AN is being delivered by a highly credible partnership between a local forestry operator with proven track record and deep knowledge of the Colombian context, and an international carbon project developer with experience, resources and a large network of potential funders and carbon credit off-takers.

The Reforestation Fund - $40.00 million equity investment

The Reforestation Fund is a private equity forestry fund developed to invest in Latin America, that seeks to acquire degraded pastureland for an equal split of forest protection and restoration as well as commercial tree planting in Brazil, a major timberland market, with opportunistic allocations to Paraguay and Colombia. TRF’s investment strategy will seek attractive risk-adjusted returns via a combination of commercial timber revenues from FSC-certified plantations, and the sale of carbon credits from both the commercial plantations and areas that are restored beyond legal requirements. Additional impact will come from the sustainable manufacturing and sale of long-lived solid wood products when the commercial plantations mature, and from displacing more carbon-intensive materials like concrete, steel or plastic.

LevasFlor - $1.21 million development contribution

LevasFlor AB is the parent company of LevasFlor Lda. LevasFlor is a natural forest management company managing 46,000 Ha of natural Miombo forest in central Mozambique. The Miombo woodlands are a significant global carbon store, are under increasing threat and are not appropriately managed and conserved, despite their importance to livelihoods, climate and biodiversity for large parts of South and Eastern Africa. LevasFlor's model of sustainable natural forest management has the potential to reduce deforestation rates in this woodland, whilst also bringing local economic development.