The Investment Thesis

Palo Alto offers a rare opportunity to invest in a fully operating, vertically integrated shrimp aquaculture platform, designed to scale under international ESG standards while actively mitigating the key risks traditionally associated with the sector.

The program is promoted by Grupo Camalago and structured to meet the technical, governance and reporting requirements of multilateral development banks, impact funds and institutional investors.

Unlike greenfield projects, Palo Alto combines:

✔ Existing certified operations

✔ Phased capital deployment

✔ ESG embedded at design level

✔ A clear path to institutional scale

Risk Mitigation at the Core of the Design

Palo Alto’s investment structure is explicitly built around risk identification and mitigation, as validated through a Triple Bottom Line (TBL) framework.

Key de-risking factors include:

• Operational risk is reduced through an existing production base

• Market risk is mitigated by ASC certification and access to premium buyers

• Sanitary risk addressed via planned biological autonomy

• Logistical risk eliminated through processing expansion

• ESG and compliance risk are embedded in governance and reporting systems.

This integrated approach transforms aquaculture into a financeable, long-term real asset.

Capital Structure and Financing Instruments

The Phase II investment program is structured to accommodate different forms of institutional capital:

• Project Debt
  Long-term debt is aligned with infrastructure-style cash flows.

• Blended Finance
  A combination of multilateral, public, and private capital to reduce overall risk.

• Growth Capital

  
  Strategic equity participation focused on long-term value creation.

The program’s structure allows for phased capital deployment, aligned with construction milestones and operational ramp-up.

How Value Is Created

Value creation within the Palo Alto program is driven by four structural levers:

Scale Efficiency

Expansion to ~2,000 hectares reduces unit costs and improves margins.

Biological Control

Genetic autonomy protects continuity of production and cash flow.

Industrial Throughput

Expanded processing capacity ensures volume realization and quality consistency.

ESG Premium

Certification and sustainability performance support price premiums and market access.

These levers are reinforced through centralized governance and reporting.

Strategic Valuation Through the Triple Bottom Line

The Palo Alto program has been assessed using a Triple Bottom Line (TBL) methodology, integrating:

• Economic value (Profit)

• Environmental value (Planet)

• Social and governance value (People)

This approach results in a strategic valuation significantly above book value, reflecting monetized risk mitigation, ESG performance, and long-term resilience.

The TBL framework aligns directly with the evaluation criteria of multilateral lenders and impact investors.

Who This Opportunity Is Designed For

Palo Alto is structured for:

• Multilateral development banks

• Impact and climate-aligned funds

• Institutional investors seeking ESG-compliant real assets

• Strategic partners in food and seafood value chains

The program’s governance, reporting and compliance framework supports long-term partnerships rather than short-term capital deployment.

Governance, Transparency and Reporting

Investors benefit from:

• Clear corporate and project governance structures

• ESG oversight at board and project level

• Periodic technical, financial and impact reporting

• Independent audits and third-party verification

This framework ensures capital protection, accountability and alignment throughout the investment lifecycle.

Engage with the Investment Opportunity

Palo Alto is open to dialogue with institutions seeking scalable impact, resilient returns, and ESG-aligned growth.