FIP Terra Viva, a private equity fund managed by Brazilian firm DGF Investimentos, has reportedly fully invested its BRL260 million (approximately US$123 million) corpus after investing BRL70 million (approximately US$33.1 million) in the ethanol assets of Usina Alvorada, a Brazilian sugarcane processing mill. Terra Viva was raised in 2008 to invest in Brazil’s sugarcane-based bioethanol sector and manages four sugarcane mills.