The Suno Fazendas Fiagro (SNFZ11) is executing a R$120 million capital raise to acquire three new agricultural properties in the state of Mato Grosso, a move that will nearly double the fund’s direct farmland portfolio and cement its strategy of asset-backed growth. The offering, which will fund the purchase of two farms in Nova Lacerda and one in Chapada dos Guimarães, will add 2,200 agriculturally useful hectares, expanding SNFZ11's total portfolio to approximately 3,800 hectares across six properties in Brazil’s primary grain belt. This strategy provides investors with direct equity exposure to the appreciation of productive Brazilian real estate, a key differentiator from the majority of Fiagros that focus solely on debt instruments such as Certificates of Agribusiness Receivables (CRAs).