New funds selected
The new funds selected, which have a commitment to invest €669M in Spain, are divided into 4 categories: growth capital funds, private equity funds, venture capital funds and private equity funds. venture capital is and adding debt funds and incubator funds as a novelty in this new call.
The expansion capital funds chosen are: Bridgepoint Advisers, MCH Private Equity Investments y Talde Gestión.
Venture Capital are Cabiedes & Partners e Inveready.
Alteralia Management and BTC Investments 2012, have been the first debt funds to be selected and Major Key y Suanfarma Biotech hatcheries.
Twenty-three funds applied for this call, of which a large percentage (44%) were international funds.
"The high participation of international funds is a sign of the confidence that these funds have in our country, overcoming the situation of 2009 and 2010 where international investors disappeared" says Diego Gutierrez of Abra-Invest.
Impact of fond-ico on risk capital
The ICO is driving venture activity in our country by encouraging private investors to contribute the remaining 60-70% of each fund. In the first half of 2014, the amount raised by private equity funds in Spain was €2,112m, compared to €514m in the first half of 2013.
Fond-ico has already prepared its fourth call for applications
The fourth call will be launched on 28 November and the submission of documentation will be on 16 January.
Debt funds will not participate in this call because "it does not seem the right time" due to the measures taken by the ECB.
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