Emergent Cold Latin America (Emergent LatAm) announced the launch of a new company with a $450MM capital raise to provide food and beverage customers access to the region’s highest quality cold storage facilities and meet the growing need for integrated end-to-end logistics solutions within the market. 

The company’s major investors are Lineage Logistics; Stonepeak Partners LP, an investment firm specializing in infrastructure and real assets; and, D1 Capital Partners, an investment fund.

Based out of Brazil and founded by Neal Rider and David Palfenier, Emergent LatM plans to invest more than $450 million in greenfield projects and acquisitions in Latin America over the next couple of years. 

As the major investor in Emergent LatAm, Lineage will provide the company with key support services related to commercial, project development, and technology functions. Additionally, Lineage will advise on operational best practices to accelerate Emergent LatAm’s path to creating a leading continental operator.

“Lineage is thrilled to support the development of sophisticated cold chain infrastructure in Latin America with an anchor investment in Emergent LatAm,” said Adam Forste, co-founder and co-executive chairman of Lineage Logistics.