Silvipar

What Silvipar does

Silvipar is a sustainable forestry operator and investment fund manager headquartered in Coronel Bogado, Itapúa, Paraguay, founded in 2013. The company develops plantation forestry systems on degraded grazing land, combining commercial timber production with ecosystem restoration, biodiversity conservation, and carbon sequestration. Silvipar targets 120,000 hectares of afforestation and restoration, with 30% of total land area dedicated to conservation and approximately 93 million trees projected for planting, alongside a goal of 25 million tonnes of CO2 sequestered over the life of the investment. The company operates under VCS (Verified Carbon Standard) certification administered by Verra, FSC forest certification, and a BeZero Carbon BBB.pre ex-ante rating with "Very Low" execution risk, and is pursuing CCB (Climate, Community and Biodiversity) certification. Other referenced compliance frameworks include ISO 9001:2015, TCFD, and IFRS S1/S2.

Silvipar's principal commercial vehicle is the SA Impact Forestry Fund (SAIFF) platform, operated in partnership with London-based Astarte Capital Partners. SAIFF closed at $325 million in April 2024 (oversubscribed by more than 50%), and the follow-on SAIFF II launched in October 2025 with over $400 million committed against a $600 million target. The platform has attracted institutional capital from more than 30 countries across five continents, including development finance institutions, impact investors, pension funds, and family offices. Revenue is generated through VCS-validated carbon credit sales (first VCUs already sold), FSC-certified timber production, and fund management fees. Silvipar's carbon credit activity is aligned with Article 6 of the Paris Agreement following the May 2025 Singapore–Paraguay bilateral Implementation Agreement and operates within Paraguay's Carbon Credit Law framework regulated by Decree N° 3369/2025.

The company's customer base is bifurcated between institutional investors providing capital into the SAIFF platform and downstream corporate carbon credit buyers acquiring VCUs. Silvipar is led by Chairman Martin Forsen and operates in partnership with Astarte Capital Partners, whose co-founder Dr. Stavros Siokos oversees the fund management side. The project targets the creation of 3,000+ direct jobs and 30,000 indirect jobs in the Itapúa, Misiones, and Caazapá provinces of Paraguay, replacing seasonal agricultural employment with stable, year-round forestry work; approximately 800 jobs have been created to date.

Name

Silvipar

Legal name

Silvipar

Website

https://silvipar.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Silvipar is a Paraguay-based sustainable forestry operator and fund manager. In partnership with Astarte Capital Partners, it manages the SA Impact Forestry Fund platform, developing FSC-certified plantations that produce VCS-validated carbon credits and timber on degraded land in Paraguay.

Ownership category

akta.pro rank

Product category

Sustainable Forestry Management

NAICS

Support Activities for Forestry (11531), Support Activities for Forestry (115310), Forestry and Logging (113), Timber Tract Operations (11311)

SIC

Forestry (800)

akta.pro primary industry

Forest Management & Silviculture Services (Cruising, Planning, Compliance) (IMAMAAAD)

akta.pro secondary industries

Carbon Forestry Project Development & Origination (Afforestation/Reforestation/IFM) (IMAMAJAD), Timberland Carbon & Natural Capital Project Development (Offsets/REDD+) (AFAMAKAH), Reforestation & Afforestation Services (Planting, Site Prep, Regeneration) (IMAMAAAE), Silvicultural Planning & Stand Management (Thinning, Pruning, Stand Improvement) (AFAMAAAA)

Keywords

• Sustainable forestry
• Carbon credit generation
• Plantation timber production
• Impact investment funds
• Afforestation and restoration

Headquarters

HQ city

Coronel Bogado

HQ country

Paraguay

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Carbon Credit Sales: Silvipar generates revenue through the sale of high-quality carbon credits certified under the VCS standard. The project has received Verra approval for registration and verification of the first issuance of VCUs (Verified Carbon Units), with the first carbon credits already sold. The company is also aligned with Article 6 of the Paris Agreement following the Singapore-Paraguay bilateral agreement.
2. Timber Production and Sales: Sustainable commercial timber production from FSC-certified forests. The strategy combines commercial timber production with ecosystem restoration and long-term stewardship.
3. Fund Management: Through the SA Impact Forestry Fund (SAIFF) and SAIFF II, Silvipar and Astarte Capital Partners manage institutional capital for sustainable forestry investments, with the first fund closing at $325 million in April 2024.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Silvipar develops and operates large-scale sustainable plantation forestry in Paraguay, converting degraded grazing land into FSC-certified working forests. The company combines commercial timber production with VCS-validated carbon credit generation, biodiversity conservation (70+ ETP species), and community development. Silvipar also acts as fund operator for the SA Impact Forestry Fund (SAIFF) and SAIFF II, channeling institutional capital into afforestation targeting 120,000 hectares.

Product overview

Silvipar operates as a sustainable forestry operator and investment fund manager in Paraguay, offering two core investment products: the SA Impact Forestry Fund (SAIFF) and its follow-on SA Impact Forestry Fund II (SAIFF II). Both funds invest in afforestation and restoration projects targeting 120,000 hectares, combining commercial timber production with ecosystem restoration and carbon sequestration. These are supported by VCS validated carbon credits and FSC certified forests. The funds generate revenue through sustainable timber sales and high-quality carbon credit generation, with BeZero Carbon providing independent quality validation.

Differentiator

Problem solved

Functional benefit

Brands

• SA Impact Forestry Fund (SAIFF): Sustainable impact forestry investment fund managed in partnership with Astarte Capital Partners, focused on Paraguay.
• SAIFF II (SA Impact Forestry Fund II)

Products and services

• SA Impact Forestry Fund (SAIFF) An impact forestry investment fund managed in partnership with Astarte Capital Partners, focused on sustainable timber production and carbon sequestration in Paraguay. Targets 120,000 hectares of afforestation and restoration, serving institutional investors seeking verified climate and social outcomes.
• SA Impact Forestry Fund II (SAIFF II) Follow-on impact forestry fund expanding the SAIFF platform, targeting $600 million with committed capital exceeding $400 million, aiming to scale South America's largest natural capital investment program for institutional investors.
• VCS Validated Carbon Credits Verified Carbon Standard (VCS) validated carbon credits generated through sustainable forest plantations. SilviPar is certified under VCS and in process of receiving CCB certification. Project registered with Verra, with first issuance of VCUs already approved and sold.
• FSC Certified Sustainable Timber Forest Stewardship Council (FSC) certified timber from sustainably managed forest plantations, combining commercial timber production with ecosystem restoration in Paraguay.

Quantifiable outcome

• 323 tons of CO2 sequestered per hectare
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Astarte Capital Partners LLPcoreStrategic or Co-development Partner · 3 October 2025Astarte Capital Partners is a London-based real assets investment firm that partnered with Silvipar A.B. to launch the SA Impact Forestry Fund (SAIFF) in 2021, achieving VCS validation and the world's largest institutional carbon capital raise. The partnership was expanded in October 2025 with the launch of SAIFF II, bringing total committed capital to over $400 million.
• Government of SingaporecoreOthers · 22 May 2025Singapore and Paraguay signed a groundbreaking Implementation Agreement on carbon credits under Article 6 of the Paris Agreement. Astarte Capital Partners and Silvipar participated in this historic event. The agreement signifies major advancement in bilateral climate action and paves the way for structured collaboration on nature-based carbon solutions.
• VerracoreOthersSilvipar is certified under the VCS (Verified Carbon Standard) administered by Verra. The project has received Verra approval for registration and verification of the first issuance of VCUs (Verified Carbon Units), with the first carbon credits already sold.
• Forest Stewardship Council (FSC)coreOthersSilvipar maintains FSC certification for its forest plantations, demonstrating commitment to responsible forest management. The fund focuses on acquiring degraded land and transforming it into sustainably managed, FSC-certified forests.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• New Forests: Asia-Pacific focused sustainable forestry and natural capital investment manager operating institutional timberland and carbon funds. Highly comparable as a specialist impact forestry fund manager combining timber, carbon, and biodiversity outcomes for institutional LPs.
• Climate Asset Management: Joint venture between HSBC and Pollination focused on natural capital investing across forestry, regenerative agriculture, and nature-based carbon. Highly comparable as a recent-generation institutional fund manager targeting blended finance and corporate carbon demand.
• GreenWood Resources: Global timberland investment and forest management firm specializing in sustainable plantation forestry across Latin America and Asia. Directly comparable business model of FSC-certified plantation development with institutional capital backing.
• South Pole Group: Leading carbon credit developer and climate solutions provider originating nature-based carbon projects globally. Comparable as a developer of high-integrity forestry carbon credits for corporate buyers and as a participant in voluntary carbon markets.

Broad incumbents

• Manulife Investment Management (Timberland & Agriculture): One of the world's largest timberland investment managers (formerly Hancock Natural Resource Group), managing multi-billion dollar institutional timber portfolios globally. Comparable as a large-scale institutional forestry capital pool with similar LP base, though broader and longer-established than Silvipar.
• BTG Pactual Timberland Investment Group: Latin American timberland investment platform managing institutional forestry capital in Brazil and surrounding regions. Comparable as a large LATAM-focused forestry investment manager with similar geographic and operational characteristics to Silvipar.
• Schroders Timber and Forest Investment: Global asset manager with a dedicated timberland and forestry investment franchise. Comparable as a broad incumbent in institutional forestry capital with significant AUM and similar LP base, though operating at much larger scale and broader geographic scope.

Emerging players

• Mirova Natural Capital: Asset manager dedicated to natural capital and impact investing, including forestry and land-use funds. Comparable as an emerging specialist in nature-based solutions with institutional fundraising and similar LP profile, though based in Europe with broader asset class scope.
• The Nature Conservancy (NatureVest): TNC's impact investing arm that structures blended finance for conservation and forestry projects, including carbon credit programs. Comparable as a developer of institutional-scale nature-based finance vehicles with strong carbon and biodiversity outcomes focus.

Others

• Verra: Administrator of the VCS standard under which Silvipar's carbon credits are certified. Comparable as a key ecosystem partner rather than a competitor, but represents the standards infrastructure that defines quality and market access for Silvipar's core product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/silvipar

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silvipar