The Rural American Fund has reached a first closing of approximately $20 million for its second vehicle targeting the North American rural agribusiness market. The fund has a target of $75 million.
The Rural American Fund (“RAF”), a Chicago-based private
equity firm focusing on lower middle-market operating businesses, has reached a first closing of
approximately $20 million for its second investment partnership targeting the fragmented, North
American rural agribusiness market – (Rural American Fund II , the “Fund”). The Fund has a target
of $75 million and is backed by a diverse group of investors including agricultural entrepreneurs and
select institutional investors. Mira Capital Advisors (www.miracap.com) is acting as the exclusive
placement agent for the Fund.