Aqua Capital Raises $450M; Will Invest Across Americas

Aqua Capital, a private equity firm specializing in sustainable and innovative companies within the Ag and Food sectors, has announced the successful final closing of its Ag & Food PE Fund III (“Fund III”) with a total of $450 million of committed capital. This achievement surpasses its original target of $400 million.

Fund III will continue Aqua Capital’s proven middle-market investment strategy within the Ag and Food sectors, focusing on partnering with management teams to drive value creation through operational enhancement, strategic change, improved governance, and successful integration of accretive add-on acquisitions.

Sebastian Popik, Managing Partner at Aqua Capital, expressed enthusiasm about the transformative potential of the agribusiness and food value chains, stating, “We are in the midst of an extraordinary transformation of the agribusiness and food value chains. Fund III will seek to generate strong risk-adjusted returns by investing in companies leading the transition throughout the Americas.”

Fund III has already made investments in five platforms across Latin America and the US, with nearly 50% of its capital committed. The current portfolio includes investments in high-value, sustainable Ag inputs, omnichannel Ag retailing, and Ag-Tech/Services. Additionally, Fund III is actively seeking companies across the Americas focused on regenerative agriculture, contributing to carbon reduction, positive changes in GHG emissions, and inclusion of small and mid-size farmers.

Gustavo Eiben, Partner at Aqua Capital, expressed gratitude for the support and confidence shown by the limited partners, stating, “At Aqua Capital, we are highly appreciative of the support and confidence our limited partners have shown in us, particularly in this challenging fundraising environment.”

The limited partners of Fund III comprise a diverse group of institutional investors from across the globe, including asset managers, sovereign wealth funds, endowments, development financial institutions, fund of funds, and family offices. Fund III received considerable commitments from returning limited partners and welcomed a significant number of new investors to the firm.

Sebastian Popik acknowledged the contributions of Aqua Capital’s team to this milestone, stating, “We would like to recognize our team, who made this possible. We are confident in our investment strategy and the opportunities that will continue to arise.”

Aqua Capital, with over $1.1 billion in assets under management (AUM), is one of the largest private equity firms managing investments in innovative and sustainable businesses throughout the Agribusiness & Food value chain. The firm seeks to invest in companies with successful track records, strong management teams, and growth potential to become sector leaders. Since its inception, Aqua Capital has made more than 45 investments across the Americas (Latin and North America), aiming to build successful, scalable, and sector-leading companies through its professionalization, growth, transformation, and impact value creation approach.