By Thomas Dunford
From this morning’s LBO Wire:
Paine & Partners has increased its meal budget with a fund closing above target. The firm, which focuses on food and agribusiness companies, has wrapped up its latest fund with $893 million, Hillary Canada reports. Paine & Partners Capital IV LP was marketed with an $850 million target and is a follow-up to the $1.2 billion the firm raised for a predecessor that closed in 2007.