New Spain-focused fund Nexxus Iberia hits €130M First Close
Nexxus announces that Nexxus Iberia Private Equity Fund I (the “Fund”) has successfully completed its first closing with €130 million of capital commitments, out of a target size of €200 million. The first closing of the Fund was reached with both recurring investors of Nexxus and new Limited Partners, reflecting the confidence in the solid experience of Nexxus Iberia’s dedicated team in Spain, the robust track record of both Nexxus Iberia team and Nexxus previous’ Funds, and the unique Latin American angle brought by the partnership with Nexxus. The Limited Partners of the Fund at the first closing include institutional investors, as well as high net worth investors and family offices from Mexico and Spain.
Nexxus Iberia seeks to provide flexible capital solutions to small & mid-sized companies in Spain while supporting them to grow in Europe and in Latin America. The Fund will invest in leading companies through majority or influential minority positions in fragmented industries with high growth potential and scalable business models. Nexxus Iberia expects to complete its first investment in the following months, while reaching its final closing later this year.
The team is based in Madrid and is led by Maite Ballester, Alejandro Diazayas and Pablo Gallo. Nexxus Iberia, as a part of the Nexxus platform, will receive support from its entire infrastructure. Maite Ballester, Managing Partner, commented “We’re truly excited to reach a first closing with more than half of the Fund’s target.
The Fund has a very interesting pipeline of Spanish companies with large growth potential and very solid business fundamentals that allowed them to navigate properly through the Spanish economic crisis of the past years”.
Source: Nexxus press release