Aqua Capital has raised $349 million for its Agribusiness Latin America Fund II, per a SEC filing. The São Paulo-headquartered firm began fundraising in 2016 with a $300 million target.
Its previous fund raised $173 million in 2013.
Investors that committed to Agribusiness Latin America Fund II include the University of Texas Investment Management Co.
The fund will target growth equity opportunities in agribusiness sectors in Latin America.