Morpho closes its first two transactions: Newly-launched private equity firm Morpho Investments has deployed capital into two agriculture projects. These investments follow Morpho Investment’s first USD 55 mn close of its inaugural fund earlier this week. The first project: Morpho — in partnership with Hassan Allam Holding — will co-invest in the Jinet Agriculture, an agricultural development park covering 14.2k feddans in West Minya that aims to “bolster Egypt’s food security, drive export capabilities, and foster industrial-scale agricultural processing,”

The project will provide farmers and exporters with access to land plots, as well as modern technology and infrastructure, to support crop cultivation, Bloomberg reports. The second project: Morpho also invested in Agriventures, a berry-focused precision agriculture company, to support its expansion into Saudi Arabia and Oman. The fresh funds will help Agriventures secure exclusive rights to grow, sell, and market berries in both countries.