Pan-African private equity fund manager EXEO Capital has reached a final close for Agri-Vie Fund II with capital commitments totaling USD146 million. Investors in the fund include development finance institutions Norfund and Proparco, as well as insurance companies and foundations. Agri-Vie Fund II will make growth investments of USD5 million to USD15 million in food and agribusiness-related companies across Africa. The fund’s current portfolio includes TerraSan Group, a South Africa-based aquaculture company, Marginpar Group, a Kenya-based cut flower producer, and Jumbo Brands, a South Africa-based beverage and snacks manufacturer.