• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Fund-of-funds

Galdana hits €250m hard-cap for VC fund-of-funds

  • Amedeo Goria
  • Amedeo Goria
  • 07 June 2016
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Barcelona-based Galdana Ventures has held a final closing on the €250m hard-cap for its first dedicated VC fund-of-funds, Galdana Ventures I.

Launched in 2015, the fund-of-funds exceeded its €150m target after 14 months of fundraising. According to press reports, the GP aims to enables institutional and private investors from Spain and Latin America to access venture capital funds on a global scale.

The vehicle targets venture capital funds, mainly focused on early- and growth stage businesses operating in the internet, mobility and telecommunication sectors.

Galdana Ventures I

  • Target:

    €150m

  • Launched:

    2015

  • Closed on:

    €250m hard-cap

  • Focus:

    Venture captial funds

  • Fund manager:

    Galdana Ventures

According to a statement, the fund-of-funds is looking to invest a further €150m in 14 venture capital funds based in the US, China, Germay, the UK, Switzerland, Scandinavia and Israel, but does not intend to invest in Spain.

The GP was founded through a partnership between former Spanish venture capital firm Nauta Capital representatives, Marcel Rafart and Javier Rubió, alongside compatriot financial investor Altmar Capital Partners, which focuses mainly on private equity, real estate and private debt assets. Currently, Altmar manages €2.5bn through its funds.

Investors
According to press reports, the fund-of-funds has received 98% of the contributions from investors based in Spain, while the remaining commitments came from Latin America-based LPs. Investors include pension funds, insurance companies, family offices, high-net-worth individuals.

Investments
The vehicle has already backed four venture capital funds, according to unquote" data. It expects to make a total of 16-20 investments in venture capital funds sized between €200-500m with some exceptional investments in vehicles targeting €2bn, according to reports.

The GP targets a 5% capital commitment for each fund it is looking to invest in and a 10-year investment period.

Galdana has so far invested €100m in four funds based in the UK and Scandinavia, three funds in the US and four funds in China.

People
Galdana – Marcel Rafart (co-founder, chair); Javier Rubió, Dídac Lee, Roque Velasco (co-founders).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Fund-of-funds
  • Southern Europe
  • Spain
  • Funds-of-Funds

More on Fund-of-funds

Fund closes in US dollars
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • Funds
  • 05 September 2023
Fund closes in US dollars
LGT closes fourth global venture capital fund on USD 930m

Primary, co-investment and secondaries vehicle surpassed its USD 750m target

  • Fund-of-funds
  • 17 July 2023
Fundraising in euros
MPEP launches fifth buyout fund-of-funds with EUR 300m target

Lower mid-market specialist will continue to apply thorough due diligence for new and existing relationships, seeking persistency of returns

  • Funds
  • 14 June 2023
Oksana Tiedt of Lennertz & Co
LP Profile: Lennertz & Co gears up for new tech impact venture fund-of-funds

German family office’s new strategy is set to launch this year with a EUR 50m-EUR 100m target

  • LPs
  • 22 May 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013