Rabo Equity Advisors is in the process of closing its second fund worth $250 million by the first quarter of 2012, Financial Express reports. The fund is more than double its initial fund of $120 million.

India’s only food and agriculture-focused private equity fund is backed by the Netherlands’ Rabobank, International Finance Corp., FMO, DEG and CDC. The firm has already invested more than 50 percent of its first fund and has committed to three more investments, which will happen in the next three months.

Click here for the story from Financial Express.