The Rohatyn Group (TRG), a global asset manager focused on emerging markets and real assets, announced the closing of a $72 million senior secured financing for Agropecuaria Santa Genoveva, S.A.P.I. de C.V. (AGSA), one of the largest vertically integrated plantation teak operators in Latin America.
TRG led the structuring and underwriting of the transaction through collaboration between its Private Credit and Forestry & Agriculture teams. The financing is secured by first-priority interests in AGSA’s land and standing timber assets and is intended to support the company’s continued expansion as a regional timber producer.
AGSA owns and sustainably manages approximately 17,000 planted hectares of FSC-certified teak plantations in Mexico. The company operates across the entire forestry value chain, including plantation management and processed lumber production for global markets.
Teak is a premium hardwood valued for durability, dimensional stability, and aesthetic characteristics, making it widely used in furniture, decking, and marine applications. As demand for sustainably sourced forest products grows, companies managing certified plantations are increasingly positioned to supply international markets.
The transaction reflects TRG’s broader strategy to originate and structure asset-backed private credit investments across emerging markets. The firm leverages regional expertise and sector knowledge to provide structured capital solutions to mid-market companies across industries.
Founded in 2002 and headquartered in New York, TRG focuses on investments in emerging markets and real assets. Its Forestry & Agriculture team manages diversified portfolios of timberland and farmland on behalf of clients and oversees approximately 518,000 hectares across nine countries.
KEY QUOTES
“This transaction exemplifies the strength of TRG as a global multi-asset manager with an established on-the-ground presence in Latin America. Our private credit team brings deep regional and structuring expertise, bolstered by its ability to leverage sector knowledge from across the firm, including our Forestry & Agriculture platform. The ability to integrate these capabilities across asset classes enables us to originate differentiated opportunities and deliver bespoke capital solutions.”
Miguel Gutierrez, Head of Private Markets and Executive Partner at The Rohatyn Group
“This transaction demonstrates TRG’s ability to originate, structure, and underwrite complex asset-backed private credit investments in emerging markets. We worked closely with AGSA and multiple stakeholders to design a financing solution tailored to the company’s operational needs, while maintaining robust downside protection through a comprehensive collateral package.”
George Monserrat, Head of Private Credit at The Rohatyn Group
“AGSA is a storied operating company that pioneered much of the development of the region’s forestry sector and is a global leader in sustainable tropical hardwood. As forest products consumers place increasing emphasis on sustainability, companies like AGSA will play an increasingly important role in meeting market demand. We are proud to support AGSA’s expansion and their broader goals for regional development.”
Erik Kankainen, Forestry & Agriculture Partner at The Rohatyn Group
“TRG’s multidisciplinary team provided the technical, financial, and operational expertise critical to completing this transaction. Their understanding of forestry assets and structured credit positions us well for our next phase of growth. We are proud to partner with a team that combines global perspective with deep sector expertise, and we look forward to working alongside TRG as we strengthen operations and advance sustainable forestry in Mexico.”
Ignacio Demmer Guerra, President of Agropecuaria Santa Genoveva
