Mexico-focused growth equity and venture capital investor LIV Capital has reached a first close on its Mexico Growth Fund IV with MXN2.88 billion (approximately US$168 million) in capital commitments. LIV Capital raised the first close amount through a Certificado de Capital de Desarrollo (CKD) on the Mexican Stock Exchange, representing the Mexican investment vehicle of Fund IV. LIV is targeting US$250 million for the total fund and plans to raise the remainder from international investors. The fund will target high growth companies in Mexico.