Adobe Capital raises $30.3m

The venture capital arm of impact investing firm New Ventures closes second Mexico-focused mezzanine fund.

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Adobe Capital has held a final close of Adobe Mezzanine Fund II at $30.3 million. The fund had originally targeted $40 million at its launch in October 2016 but closed at $10.3 million more than its predecessor, Adobe Social Mezzanine Fund I, which closed at $20 million in November 2012. AMF II targets companies in Mexico that create a positive social and environmental impact. 

Investors in the fund include Auria Capital and DEG.