Exeo Capital Agri-Vie Fund II Attracts Over $100 Million
Saturday, February 4, 2017
EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund, focused on the food and agribusiness sector in Sub-Saharan Africa, after attracting commitments of over $100 million, one third more than the initial target.
“This first close is building on the momentum of Agri-Vie Fund I, which is now in its realisation stage. Since inception in 2008, Agri-Vie has developed a proven track record in identifying strong performing food and agribusiness portfolio companies in Sub-Saharan Africa,” says Herman Marais, EXEO Capital Managing Partner.
Fund I is invested in 12 portfolio companies across East and Southern Africa, including South Africa, Mozambique, Tanzania, Kenya, Rwanda, Uganda and Ethiopia, and has been “successfully unlocking value for investors while making a real and positive impact in the communities and regions it invests in,” he adds.
“The first close of Fund II is a 33% over-subscription on the initial target, supported by a core of Fund I investors as well as new investors. The Fund will remain open for additional investors for another 12 months with a target of $150 million and a hard cap of $200 million,” he says.
Source: BizNis Africa (link opens in a new window)
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