Adobe Capital raises $21m

The private equity firm continues to support development in the Latin American region.

Adobe Mezzanine Fund II has held a first close of its second fund at $21 million. The vehicle launched in October 2016 with a target of $40 million. It aims to finance small and mid-sized companies in Mexico and Latin America.

The investor base includes DEG, Proparco, the Multilateral Investment Fund, and Auria Capital.

Adobe Social Mezzanine I previously closed at $15 million in November 2012.