The goal is to reach €500 million in capital by the third quarter of 2025.

ATGRO SCR already has two assets in its portfolio: an investment in pistachio plantations, with more than 3,200 hectares, and Ecosac, Peru’s second-largest exporter of seedless table grapes.

Madrid, 17 March 2025.
Santander and Grupo Atitlan have successfully completed a first closing of €300 million for ATGRO SCR, their agricultural investment vehicle registered in February with Spain’s stock market regulator (CNMV), thus confirming interest in the market for the primary sector as an alternative investment.

In its first month of operation, the fund managed by Santander Alternative Investments (SAI) and Elaia obtained investment commitments from domestic and international private investors, in addition to the initial support as anchor investors from Santander and Atitlan.

The goal is to reach €500 million in capital by the third quarter of 2025. ATGRO is currently in advanced discussions with several institutional investors interested in the project, classified under Article 8 of the sustainability regulations applicable to financial products, with a commitment to promote environmental and/or social initiatives within its portfolio.

To date, ATGRO has already made investments €125 million, equivalent to 25% of its target size, and is actively negotiating several opportunities in Europe and Latin America that would raise the investment figure to over €250 million.

It currently has two assets in its portfolio: an investment in pistachios, with more than 3,200 hectares in different stages of production in several parts of the Iberian Peninsula; and Ecosac, Peru's second-largest exporter of seedless table grapes, which has more than 2,000 hectares in production and a soil bank of 2,500 hectares.