Recently in Asuncion, we had a wonderful celebration with our local friends, partners, and investors as we marked the final close of our SilviPar Astarte Impact Forestry Fund (SAIFF).
Having reached a final close in April with approximately $325 million in assets under management, this fund stands as the largest and most diverse institutional capital ever assembled for Paraguay. Originating from over 25 countries across all five continents, this capital infusion signifies a significant step towards putting sustainable forestry at the heart of Paraguay's economy.
By securing four prestigious awards from Agri Investor in 2023, SAIFF has propelled Paraguayan forestry and our sustainable practices to the pinnacle of global recognition in natural capital, impact investing, and timberland asset management.
Our commitment to excellence and innovation continues to set new standards in the industry, showcasing Paraguay as a leader in sustainable forestry practices on the world stage.
The impact created by SilviPar is tangible, with contributions to the country through local job creation, positive environmental practices, and the overall growth of the industry.
A special thanks to our hosts CAF and all the distinguished speakers, the Vice-Minister of of Industry and Commerce of Paraguay, Rodrigo Maluff, the president of the National Forestry Institute, Cristina Goralewski Hempel, the Southern Regional Manager of CAF, Jorge Srur, the Senior Investment Officer of CAF, Gabriela Castillo Gonzalo who made the evening truly exceptional.
We would also like to extend our gratitude to the CAF team in Paraguay for their invaluable assistance in organizing this event. Thank you for your special support and dedication.
Together, we look forward to continuing our journey towards fostering sustainable forestry practices for a brighter future.
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