Mexico-focused private equity firm Nexxus Capital has reached a first close for Nexxus Iberia Private Equity Fund I with EUR130 million (approximately US$159 million) in capital commitments. Investors in the fund include institutional investors, high-net worth individuals and family offices from Mexico and Spain. The fund, which has a target of EUR200 million (approximately US$245 million), will invest in small and medium-sized companies in Spain to support their growth in Europe and Latin America.