Nazca holds first close on €250m for fourth fund

Launched in May 2016, Fondo Nazca IV reached its first close on its €250m target. According to local press reports, the GP intends to make a first transaction before the end of the year and aims to hold a final close for the vehicle on its €275m hard-cap in December 2016.

To date, Nazca has fully divested its first and second funds and still retains eight companies in its third vehicle's portfolio, including speciality retailer Eurekakids, farming support services provider Agromillora, aerospace sector operator Gestair and plastic packaging producer Caiba.

Investors
The majority of LPs in the fund's predecessor, Fondo Nazca III, also committed capital to the new vehicle. Furthermore, four European institutional investors have joined the GP's LP base.

Investments
Through the new vehicle, the GP aims to back a total of 10 buyouts across the Spanish mid-market. The fund targets companies operating in industrial goods and services, as well as food and beverages, with revenues ranging between €30-200m.

People
Nazca Capital – Calos Carbó, Álvaro Mariátegui (co-founders, managing partners, CEOs).

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• Topics
• Funds
• Buyout
• Southern Europe
• Spain