Amazon Conservation Association (ACA) is using this grant to protect 200,000 acres of cloud forest in the Peruvian Andes. Conservation concessions provide a unique opportunity in Peru to safeguard large tracts of state-owned land with high biodiversity value, complementing national protected area systems. ACA was awarded the world's first conservation concession in the Los Amigos watershed. This second concession, the first in the tropical Andes, covers lower and upper montane rain forests outside Manu National Park. Outcomes include creation and establishment of management for the cloud forest concession, enhancement of conservation capacity in the Madre de Dios Basin through four sites covering approximately 1.5 million hectares, and increased grantee capacity.