NGP Global Agribusiness Partners announced it has completed its final closing of NGP Agribusiness Follow-on Fund LP with total commitments of $402 million – 25% above the fund’s initial funding target. The fund will focus on direct equity investments in agribusinesses focused on agriproduct distribution and services, storage, merchandizing, logistics and transportation, commodity processing, packaging and distribution, food and feed ingredient processing, and food service manufacturing. The fun will generally exclude businesses involved in the manufacturing of branded retail consumer food products. NGP Global Agribusiness Partners is based in Irving, Texas and is an affiliate of NGP Energy Capital Management, formed in 1988, and together with its affiliates has managed approximately $13 billion in cumulative committed capital since its establishment.
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