The AGF Latin America Fund has held a first close of US$64 million, led by private equity investors DEG (Deutsche Investitions- und Entwicklungsgesellschaft), the Inter-American Development Bank’s Multilateral Investment Fund (MIF/IDB), the Andean Development Corporation (CAF) and Compass Group. The fund will invest in middle-market companies in the agribusiness and food sectors via mostly control positions. The fund, which is primarily focused on Brazil, has already completed its first investment and is targeting a final close of US$150 million.