Private equity firm Aqua Capital announced the close of its Agribusiness & Food Fund, of which had gathered USD 173.4 million in capital commitments. The funds initially targeted USD 150 million for the said fund. Endowments, development finance institutions, family offices, financials and fund of funds supported the fund. The lead placement agent was Touchstone Group. North Sea Capital was also a placement agent for the fundraising.
Aqua Capital would be looking for investment opportunities in the agribusiness and food sectors in Brazil and South America's Southern Cone. In a press release, the private equity firm said these sectors would continue to grow in the next decade. With its capability to source deals, strong investment experience, industry know-how and investment approach, Aqua Capital said they were well-positioned to capitalize on these opportunities.
So far, the Agribusiness & Food Fund had already acquired Comfrio, a cold storage and food service logistics operator and Aminoagro, a micronutrients provider. Both firms are located in Brazil.
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