Metier, a private equity and alternative asset fund manager, has completed additional closes for Metier Capital Growth Fund II with more than ZAR2.5 billion (approximately US$170 million) in capital commitments. Investors in the fund included development finance institutions DEG, FMO, IFC and Proparco; frontier market investor Sarona Asset Management; Averroès Finance III, a fund sponsored by Proparco and France-based investment bank Bpifrance; and South Africa-based institutional investors Investment Solutions and MMI Group. The fund, which has made four investments to date, will focus on buyout and growth investments in South, Southern and Sub-Saharan Africa.