Rabo Equity targeting $250m for second India agriculture fund


India’s sole food and agriculture-focused private equity firm, Rabo Equity Advisors, is reportedly planning to launch a new $250m fund.

The firm has just enough capital to make two more deals through its $120m debut fund, Rabo chairman and managing director Rajesh Srivastava told Live Mint.

He said, “We are currently evaluating two investment opportunities and could close them over the next two months.

“Our plan is to raise a bigger fund and invest in more companies, though our sector focus will remain the same.”

Rabo currently invests between $3m and $12m in growth, expansion, and PIPE deals, but will reportedly up its top limit to $25m with the new fund.

The firm received commitments for its 2008 vintage vehicle from fund sponsor Rabobank, World Bank investment arm IFC, German government investor DEG and UK-based development institution CDC.

Copyright © 2012 AltAssets