By Brazil Stock Guide – BTG Pactual’s (BPAC11.SA) Timberland Investment Group has received a new investment from GenZero, a decarbonization-focused platform owned by Temasek. The deal, announced on Tuesday, brings the total capital raised by the BTG forest fund to $672 million. The fund’s target is $1 billion to protect and restore about 270,000 hectares of natural and commercial forests across Latin America.
According to Valor Econômico, part of the Timberland Investment Group’s (TIG) strategy focuses on Brazil’s Cerrado biome, where it already covers over 11,000 hectares of native vegetation. The initiative has created an interconnected area of more than 40,000 hectares that supports local biodiversity. Once fully implemented, the fund is expected to preserve 135,000 hectares of native forest and reforest another 135,000 hectares with sustainable commercial trees certified by the Forest Stewardship Council (FSC).
“We are proud to partner with BTG Pactual TIG and Conservation International in one of the largest private-sector restoration initiatives in Latin America,” said Hoon Ling Min, GenZero’s chief investment officer. “By restoring ecosystems and strengthening biodiversity while producing sustainable timber and generating high-integrity carbon credits, this project supports the transition to a net-zero world.”
Mark Wishnie, TIG’s head of sustainability, emphasized the significance of the partnership. “We are pleased to join forces to expand investment, restore ecosystems, create jobs, and generate meaningful climate impact,” he said.
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