(Bloomberg) Proterra Investment Partners is looking to invest US$450m in farmland and infrastructure in Brazil and throughout Latin America.

Proterra Investment Partners , the private-equity firm spun off from agricultural commodities producer and trader Cargill Inc., is looking at several opportunities to buy farmland in Brazil and elsewhere in Latin America.

It plans to invest a total of $450 million in farmland and related infrastructure in the region as well as in Australia, mostly through ventures with local partners, said Brent Bechtle, the Minneapolis-based firm’s head of agriculture funds. It expects to make investments in Brazil in the next three to six months, he said.

“We have found interesting value in Brazil,” Bechtle said in a telephone interview Thursday. Proterra is focused on acquiring land via ventures with local companies for soybean and corn production in new farming frontiers in the country’s northern areas, including Para state, he said.