Nigeria-focused private equity firm Verod Capital has reached a final close for its second fund, Verod Capital Growth Fund II, with US$115 million in capital commitments, exceeding its US$100 million target. Investors in the fund included fund of funds, asset managers, sovereign wealth funds, pension funds, family offices and development finance institutions. The fund has already invested more than 25 percent of its capital in four businesses, including Niyya Food & Drinks, a Nigeria-based producer of fruit juice and dairy products, and Shaldag, an aquaculture facility operating in West Africa.