Incofin Investment Management, an impact investment fund manager focused on rural and agricultural finance, has reached a first close for its agRIF Fund with US$71 million in capital commitments. The fund will invest in financial intermediaries across emerging markets. Investors in the first close included European Union lender European Investment Bank, development finance institutions Proparco, BIO and SIFEM, investment company Volksvermogen, trade union ACV-CSC Metea, banks KBC Bank, Bank für Kirche und Caritas and VDK Spaarbank, and Incofin Investment Management.