The funding will be used to boost family farms' agricultural production and allow them to diversify in the Maradi, Tahoua and Zinder regions.
The fund has invested about $161m in 22 critical water and community facilities projects in 14 states.
Costa listed on the Australian Securities Exchange on July 24 in the second-largest IPO in Australia so far this year.
A listing would see PIA join REITs Farmland Partners and Gladstone Land, while a third vehicle, American Farmland Company, recently filed for an IPO.
The firm is targeting PE groups focused on large-scale agribusinesses, impact funds and family offices as it sets its sights on sustainable cacao.
Alliant Insurance Service acquired Todd Garibaldi Insurance Agency to strengthen agribusiness speciality with central California investment.
Ginkgo Bioworks raised $45m in an oversubscribed Series B round from three returning investors and new investor Viking Global.
The fund has a dual stream revenue strategy consisting of investments in forest-linked agri crops and carbon credits from deforestation.
MCERA approved a $7.5m commitment to Blue Road Capital, a real asset manager focused on agriculture.
The agri-specialist PE firm will also reveal its first two investments within the next six months.