Atitlan, the group founded by Roberto Centeno and Aritza Rodero, has launched its own private equity management company: Atitlan Agro Partners SGIIC (Atgro Partners). Through this entity, the company will take over the management of Atitlan Agro I SCR, its agricultural fund through which it will invest €500 million in agribusiness projects alongside Banco Santander, previously “hosted” at Santander Alternative Investments, the bank’s alternative investment manager chaired by Ana Botín.
The launch of Atitlan Agro Partners comes at a key moment for the group, as the agricultural fund is close to reaching the targeted €500 million. Of this amount, €200 million comes from Banco Santander, €100 million from Atitlan, and the remaining €200 million has been raised from high-net-worth individuals and family offices, targeting qualified investors with a minimum investment of €1 million.
Until now, Atitlan’s primary sector activities were managed through Elaia. With the creation of Atgro, the group centralizes all its agricultural operations, providing the management team with 20 years of experience and developing a diversified portfolio of crops — including nuts and “superfruits” — across multiple regions (Europe, America, Africa, and Asia).
Its initial investments include pistachios in Castilla-La Mancha and the acquisition of Ecosac, Peru’s second-largest grape exporter, as well as pepper and blueberry crops. To date, Atgro has invested around €150 million, approximately 30% of the fund, with plans to expand into Portugal, Chile, and Mexico.
Roberto Centeno, son-in-law of Juan Roig, will serve as Chairman of Atitlan Agro Partners SGIIC, while Aritza Rodero will act as Executive Director, according to the company’s filing with the CNMV. Atgro’s registration as a third-party asset manager strengthens its regulatory framework and the financial capacity of the platform.
The launch of Atitlan Agro Partners comes at a moment of strong growth for Atitlan, which in 2024 exceeded €300 million in revenue — a 27% increase over the previous year — and doubled its profit to €5.8 million. The group’s assets under management also reached €1.5 billion.
While the agricultural strategy is the most visible, Atitlan also maintains a presence in other sectors, including real estate (ATDI), aquaculture (Sea Eight), and industrial and services (Imex and Gaviota), consistently focusing on projects with proven business models that generate long-term value.
With this initiative, Atitlan reinforces its commitment to the agricultural sector and strengthens its strategic collaboration with Banco Santander to invest over €500 million in key crops such as pistachios, grapes, avocados, and blueberries through its new ATGRO platform, dedicated to the global investment and management of agricultural projects.
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