US-based Black River Asset Management announced this week it had completed a final close for its product, the Black River Food Fund 2, on 4 Novemeber, 2014.
The company said total commitments to the fund were oversubscribed and hit the hard cap of $700 million with aggregate commitments to Black River's food fund strategies now exceeding $1.2 billion.
The company said the Food Fund 2 product was focused on investments in growth companies competing in the food and agribusiness value chain.
Black River AM described the product as striving to invest in sustainable high-margin opportunities underpinned by growing local demand and a favourable supply-and-demand outlook.
