The University of Michigan is planning to invest a total $126 million across four funds that it describes as having “niche strategies and ability to add value,” reports Bloomberg. Of the $126 million, the university has allocated $30 million to invest in AMERRA’s Agri Fund III, a private equity fund with a focus on agricultural investments across Latin American markets.

AMERRA Capital Management, LLC is a New York-based agribusiness investment manager with over $1 billion in assets under management. The firm deploys capital through both private equity and debt strategies, and acts as a boutique merchant bank supporting growth-oriented agribusinesses which are often family controlled. AMERRA also provides a full spectrum of customized debt capital products ranging from senior secured to junior debt investments including various forms of working capital, land transformation and CAPEX programs.

Launched in 2015, AMERRA Agri Fund III had its first close of $97 million in July of last year, bringing it 13% toward its targeted corpus of $750 million, according to the firm’s website.

Most recently, AMERRA Capital Management acquired a 90% stake in Andromeda Group, one of Greece’s largest producers of sea bass and sea bream, from the South Eastern Europe Fund, which is advised by Global Finance for an undisclosed amount. Andromeda is a vertically integrated operation engaged in fry production, fish farming, and value added processing, and is the only company of its kind with production in both the Western and Eastern Mediterranean. It has a global scope of exports and sales, selling its products across Europe, the U.S., and the Middle East.