(Ecofin Agency) - South African investment firm EXEO Capital announced the final closing of its second investment fund Agri-Vie II with commitments worth $146 million.
To date, this agribusiness fund has made equity investments ranging between $5 million and $15 million in 4 companies with strong growth potential in sub-Saharan Africa. “Investors in our first fund followed on in the second,” said Herman Marais, partner at EXEO Capital.
The firm is seeking new equity investments in West Africa mainly in Ghana and Côte d’Ivoire. In 2017, the investment company completed the first closing of Agri-Vie II at $100 million.
Let’s note EXEO Capital was set up by the managers of Agri-Vie Investment Management and the investment arm of Liberty Holdings.