Scaling nature finance now The opportunity for investors in Brazil and beyond

The Brazilian market – accelerating nowAccelerating financial flows Finance for Nature-based Solutions in Brazil has grown significantly in recent years. Capital for Climate NbS Investment Intelligence Platform tracks publicly reported deal flow for NbS in Brazil and other key regions. New analysis of their database shows that there has been at least USD$1.67bn of capital allocated to Nature-based Solutions in the country in the last 12 months (August 2023–August 2024). This number likely underestimates the total financial flows during the period, as it only captures those deals which have been publicly reported.As well as new capital allocations and deals, there is a growing velocity of fund formation in the country, with a notable range of major and specialist investors launching new funds dedicated to Nature-based Solutions since the start of the year.02 BTG Pactual TIG’s launched a new fund focused on sustainable timber – USD$800m in formation2024 Fund formations Deals Patria has launched new restoration- focused fund with Pachama – USD$100m in formationNuveen launched new fund focused in part on restoration of degraded pasture – USD$300m in formationJust Climate launched a nature-focused fund, including a focus on Brazil – USD$750m in formation BNDES approves almost USD$29m for Mombak Windfall bio raises USD$28m in series A fundingReforest Action secures EUR€20m from Blisce and Eiffel Essential Netzero locks in USD$18m for Brazilian BiocharGenica raises USD$12m for soil health tech Blue Layer raises USD$10m for carbon project development Sept 2024Signals of momentum: Deal flow and fund formation in Brazil in 2024 Source: Capital for Climate, 2024. Scaling nature finance now 17 16References 03 Unlocking the next phase of growth in Brazil and beyond Foreword 02 The Brazilian market – accelerating nowExecutive summary01 The opportunity and the imperative