EXEO Capital handily beats final close goal for Agri-Vie II

Image Credit: Pixabay

EXEO Capital, the partnership between South African private equity firm Agri-Vie and STANLIB, the pan-Africa asset management firm, held the final close for the second Agri-Vie fund last week, landing $146 million in commitments and almost doubling the size of its original goal.

The new fund’s LPs are a mix of development finance institutions and private sector institutions, an improvement on Fund I which saw DFIs providing the bulk of the capital. Insurance companies and foundations provided more than 35% of the capital raised for the latest fund. Of Fund I’s four investors, three re-upped for the second fund.

To read this article, you must be a paid subscription member. (Current members login here)

\"\"

Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.