Home Toucan Forestal Panama S.A. Toucan Forestal Panama S.A. In brief The project will provide financing for greenfield expansion of Toucan Forestal's existing ownership of around 1,620 ha of teak plantations and 1,510 ha of associated native forest. Around 1,540 further ha of teak will be afforested. Toucan Forestal's manager is The Rohatyn Group (TRG), a major TIMO (Timberland Investment Management Organisation). TRG in partnership with local partners in Panama aims to deliver investment returns from teak timber harvesting and capital value appreciation. The underlying forest property value will be enhanced due to biological growth of timber over time, replanting with improved clonal teak varieties, and capital expenditure on infrastructure. Main development impact The Toucan Forestal project acts on Finnfund's Planetary Boundaries (PB) priorities of climate, biosphere integrity, and land system management. Panama is located in one of the world's most biodiverse regions, and Panamanian forests are an important corridor for species' migration as well as holding significant stores of carbon. Carbon sequestration will occur via growth of teak plantations, natural forest restoration, and the protection and management of natural forest. The project targets conservation areas benefiting biosphere integrity covering around 43% of the total area, with approximately 2,400 ha under protective management. Toucan Forestal is developing its operations to comply with the International Finance Corporation Performance Standards (IFC PS) and implementing a PB focused Environmental, Social and Impact Action Plan (ESIAP). Investment details Name: Toucan Forestal Panama S.A. Project number: 80000488 Region: Latin America and the Caribbean Country: Panama Sector: Forestry Signing date (month/year): March 2026 Currency: USD Finnfund's financing (commitment): 15,000,000 Instrument: Loan Jurisdiction of registration: Panama Size of the project financing: 46,500,000 Share of Finnfund's financing (%): 32.2 Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Toucan Forestal Panama S.A. Sector: Forestry Region: Latin America and the Caribbean Country: Panama Currency: USD Finnfund's financing (commitment): 15,000,000 Signing date (month/year): March 2026 Last update: September 2026