At a glance

Maturity 2022
Allocation 422 M€ (an initial €122m plus €300m from the Sustainable Economy Fund)
Segment Expansion capital: 70% of the portfolio; starts-up: 30% (20% through other funds)
Investment solutions Investment in capital. Participating loan (convertible or otherwise)

A combination of both

Investment level Expansion capital: From €1.5m to €15m. Start-ups: From €0.75m to €1.5m.
Term Investment in capital: an average period of five years (flexible). Participating loans: up to seven years (two-year grace period).
Purpose of investment Financing of enterprises’ expansion processes, including: the acquisition of other companies and assets and also innovation activities and the internationalisation of the Spanish enterprise.
Conditions Always minority capital but not majority minority. Preferably co-investment with other funds.
Not eligible Refinancing or liabilities restructuring processes and working capital requirements.
Sectors General-purpose, with special emphasis on:

  • The environment (treatment and integral management of waste).
  • Knowledge and innovation (health and  biotechnology, energy and climate change. ICT, nanotechnology).
  • Social (care of the elderly, dependants…).