Astarte and Toesca Complete First Close Over $100m for Toesca Permanent Crops Fund II

Astarte Capital Partners, a London-based real assets investment firm, and Toesca Asset Management, an asset management firm headquartered in Santiago, Chile, have completed the first close of the Toesca Permanent Crops Fund II (TPC II), securing commitments exceeding $100 million from a diverse group of global institutional investors.

At full deployment, the Fund aims to invest approximately $350 million to develop a 7,000-hectare portfolio of permanent crops with regenerative practices in Chile and Peru. The strategy seeks to capitalize on the region’s favourable climatic conditions and established export infrastructure to generate resilient and sustainable long-term returns.

Driven by global food security considerations and the need to invest in sustainable production practices, TPC II is well positioned to serve major markets across North America, Europe, and Asia.

Beyond its financial objectives, the Fund is designed to deliver measurable environmental and social benefits, promoting water-use efficiency, soil health, and biodiversity, while also supporting local employment and rural development through regenerative farming practices.

By combining Astarte’s global institutional platform with Toesca’s deep regional expertise, TPC II is poised to establish itself as a leading regenerative agriculture platform in South America, creating enduring environmental, social, and financial value.