Portobello levanta 710 millones y cierra el mayor fondo de capital riesgo español
Leer
Portobello Capital has successfully closed its fifth buyout fund, known as Portobello Fondo V, with commitments of 710 million euros. This makes it the largest fund of its kind in Spain, surpassing ProA Capital's fourth fund which raised 600 million euros in 2024. The Spanish risk capital manager took around two years to raise the new vehicle, which has already secured four investments: Dualparts, The Bábaba Suavinex, JBM and Martínez Otero.
The funds raised by the new Portobello fund exceed the initial 600 million euro target, although the manager initially expected to raise 750 million. The fund aims to make a total of ten investments in Spain, Portugal and Italy, mainly majority stakes in companies with EBITDA over 10 million euros. To invest in companies below this threshold, Portobello has raised a separate small caps fund of 300 million euros with Qatar and Cofides.
The fund's partners, registered with the CNMV in September 2024, include the Instituto de Crédito Oficial (ICO) which has committed up to 150 million euros through the sixteenth call of the Fond-ICO Global program, among other usual Portobello investors. The firm thanks the continued trust of top institutional investors and the strong demand for Fondo V. Founding partner Ignacio Sánchez-Asiaín commented that their ambition has always been to be the reference partner for entrepreneurs in southern Europe, and they believe the current market environment offers very attractive opportunities for this fund.
To better serve their investment needs, Portobello has hired five new professionals to support their existing three verticals: buyout, small caps, and junior funds.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
