Arcano Capital XII fund-of-funds raises €200m

The fundraising was initially focused on Spanish LPs and subsequently expanded to attract commitments from international investors. The fund has so far received commitments mainly from Spanish and international institutional investors, family offices and banks.

The fund is larger than its two predecessors, Arcano Capital X and Arcano Capital XI, which were launched in 2016 with a combined target size of €200-250m; they closed in December 2017 and February 2018 respectively, hitting their combined hard-cap of €300m.

Arcano Capital XII targets primarily European and US private equity mid-market buyout funds with a small allocation for capital expansion and restructuring vehicles. It deploys equity tickets between €10-50m. The fund specialises in both primary and secondary deals, with a focus on GP-led transactions and buying LP interests.

Founded in 2003, Arcano specialises in investment banking, private equity and wealth management. The firm employs 150 people and is headquartered in Madrid, with additional offices located in Barcelona and New York. It currently has more than €6bn in assets under management invested in private equity, private debt, venture capital, real estate and infrastructure.

In addition to Arcano Capital XII, the GP has recently launched Arcano Impact Private Equity Fund (AIPEF), a private equity fund-of-funds dedicated to impact investing, with a €300m target.

Furthermore, Arcano has a venture arm that manages Arcano Ventures II, a VC fund launched in November 2019 and currently fundraising.