We buy what the map mispriced.
30+ yrs
In-country operating senior GP
150,000+ ha
~400k acres, developed across 35 projects
10%
GP co-investment
The opportunity
A permanent asset, bought during a temporary discount.
Land does not default, and it cannot be diluted. It has held real value through inflations, devaluations, and market crashes, because the demand underneath it, for food, only grows.
Argentine country risk has fallen from over 1,900 basis points to roughly 500, and it is still compressing. The land is permanent and globally demanded; the discount is not. The return comes from buying while the repricing runs, capturing both the work we do on the ground and the country re-rating around it.
How we win
From raw scale to producer-ready parcels.
Acquire
One large campo, off-market, at a discount to production-ready comparables, sourced through a 30-year in-country network. We enter below market comparables, so the margin of safety is set at acquisition.
Capitalize
Secure the production pathway and invest in access, water, fencing, soil, and legal subdivision. About one-third of the capital turns raw land into ground that is ready to farm.
Subdivide and sell
Exit in phases over years three to seven as 1,000 to 10,000 hectare parcels, sold to the thousands of producers who can never transact at 50,000-hectare scale. One hard sale becomes many simple ones.
Our edge
A three-fold moat: source, redevelop, exit.
Each of the three is a different craft, and almost no one runs all three in-house. Sourcing turns on relationships built over decades. Redevelopment turns on knowing the permitting path and the agronomy cold. The exit turns on a buyer base most institutions never reach.
Underneath all three is our senior GP: 30+ years personally sourcing, developing, and repositioning land in Argentina, 150,000+ hectares across 35+ projects in five-plus provinces. In a market decided by local relationships and execution on the ground, that is the part that is hardest to copy.
Where we are
First investment in active diligence.
Built for patient capital that can think in land.
Terralis is for investors who want a real, dollar-referenced asset they can hold without leverage and sell on their own schedule, with a productive floor beneath it when markets turn. If that is the kind of capital you run, we should talk.
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The team
Three GPs. Three generations on the land.
We are not new to this. Our families have farmed, ranched, and repositioned land in Argentina for the better part of a century.
FG
GP / Operating lead
Facundo Golinsky
Full-time operating lead. Ex-McKinsey, Stanford MBA, US real estate private equity. Argentine native, Bay Area-based, with deep family operating history in rural Argentina.
DL
GP / Senior partner
Daniel Lifsitz
30+ years in rural and urban land repositioning in Argentina; 150,000+ ha (~400,000 acres) developed over 35+ projects in five-plus provinces. Entrepreneur with a successful exit to Banco Galicia.
GL
GP / Agronomy
Gabriel Levisman
Agronomist and farm-owner advisor; went from top-rated salesman to product leader at a South American agro-industrial company, since acquired by an international player.
Get in touch
Two ways in, at your pace.
Just looking
Email a partner
Have a question or want to understand the thesis before anything formal? Write to Facundo directly.
Email Facundo
Active investor
Request materials
Qualified investors can request the deck and supporting materials through a short form.
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Terralis
We buy what the map mispriced. Off-market farmland in Argentina North, developed and sold to producers.
This communication is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any security. Any offer will be made solely to qualified investors pursuant to definitive legal documentation and is subject to diligence and to legal, tax and regulatory review by qualified counsel in Argentina and the United States. Argentine real assets carry country, regulatory and currency risk. Figures are model targets and may differ materially from actual results. Final disclaimer to be drafted by US securities counsel before public launch.
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