About
Operating first. Carbon second.
Regenera is a joint venture that develops and structures natural-capital assets, held through project vehicles. It develops restoration, forestry, mangrove, conservation and agritourism assets as long-duration operating businesses, with carbon and biodiversity revenue as optionality on top of an operating base — never the thesis.
Our purpose
A gap the size of the balance sheet, and the credible way in.
Nature-negative finance still dwarfs nature-positive flows — a large, investable gap. Meanwhile carbon-led plays are stalling on permanence, leakage and community-rights failures. Regenera leads with operating assets and treats carbon as optionality — the credible way in.
Three moves, in order. Operating assets first: restoration, forestry, mangrove, conservation and agritourism assets underwritten as operating businesses. Ring-fenced project vehicles: each project sits in its own vehicle, containing land, country and permanence risk. A written integrity standard: consent, benefit-sharing, biodiversity baselines, third-party verification and no-go criteria govern every project before capital, not after.
At a moment when capital demands integrity, Regenera is built to be integrity-first and bankable.
Growth rings — reference specimen
Cross-section, off-centre heartwood
PL. 17
The joint venture
Co-founded, and jointly governed.
Regenera Natural Capital is co-founded and jointly governed by Sarnian Group and Fellow Future, combining capital formation and investment execution with market infrastructure, ecosystem orchestration and impact intelligence.
Regenera is a joint venture, not a platform with a contractor attached. Sarnian Group and Fellow Future co-chair the board, and control of strategy, standards, brand and partner admission is held jointly. Independence is not a statement of intent here; it is a committee structure.
Founders & team
The team beneath the principals is named under NDA, as counterparties are.
Two principals.
Lloyd D. Le Page
Founder & Group Chairman, Sarnian Group · Co-founder, Regenera Natural Capital
Sarnian brings institutional, governance, fiduciary and capital expertise and infrastructure, supporting the structures through which assets, investment and long-term stewardship can be governed and managed.
An agri-food, natural-capital and investment executive with over thirty-five years in private capital, development finance and science-based innovation across Africa, Latin America, Europe and the United States. He founded and chairs Sarnian Group, a US-based holding company that structures and scales ventures in agrifood, climate and natural capital, and co-founded Regenera Natural Capital in 2026 — a joint venture combining portfolio structuring with digital traceability across Latin America and Sub-Saharan Africa, from long-rotation forestry to circular agri-value chains and mangrove restoration. Previously CEO of the CGIAR Consortium, CEO of Heartland Global, Inc., Senior Investment Advisor to the IFC, and senior roles at the Tony Blair Institute and DuPont Pioneer.
Speaking·Keynote and panel, Nordic Climate Finance Summit, Oslo — 9 September 2026
Erika Johansson, PhD
Founder & CEO, Fellow Future AB · Co-founder, Regenera Natural Capital
Fellow Future brings regenerative market, systems and transformation expertise together with shared market infrastructure and digital capabilities, connecting actors, opportunities, capital, intelligence and transactions while enabling data and traceability across markets and ecosystems.
Founder and CEO of Fellow Future, where she leads the development of trusted infrastructure for regenerative markets. More than twenty-five years across academia, industry and entrepreneurship, beginning in integrated conservation at the University of Gothenburg and continuing in London and New York as a Fulbright Scholar at Columbia. PhD in Environmental Science from Chalmers University of Technology (2008), on preparing leaders to work across disciplines and navigate complexity. Her work since has combined research, systems thinking and ecosystem building — the conviction that today's challenges require trusted relationships, shared infrastructure and new forms of market coordination, which led to Fellow Future in 2018. She moderates the Regenera panel at the Nordic Climate Finance Summit.
Moderating·From Fragmentation to Function — Nordic Climate Finance Summit, Oslo, 9 September 2026
Where we operate
Latin America · Sub-Saharan Africa
We publish geography at continental level: no district, settlement or coordinate, because a plotted position would identify an estate whose name is withheld until the asset has cleared the gate. The flagship projects and centres of excellence are the exception, named and placed as the platform presents them publicly.