SI Capital launches second fund

The vehicle is expected to start its fundraising activity during the first half of 2017 and reach a final close after 18 months, the GP confirmed to unquote".

SI Capital targets annual returns of 3-5% and a net IRR return of 10-12%, during an average 8-10-year holding period for its portfolio companies.

Launched in 2006, the GP's first vehicle, SI Capital R&SI held a final close on €20m and is now fully invested, according to press reports.

Investors
According to a statement, Spanish state-backed Fondo ICO agreed to commit €10m to the vehicle. Existing LPs, including institutional investors, high-net-worth individuals and family offices, are expected to participate in the new vehicle's fundraising activity.

Investments
The fund manager targets 15 investments with an equity ticket ranging between €2-10m. According to a statement, the GP will invest 40% of the committed capital in the Spanish market, with the remaining 60% directed abroad, across the European market.

The vehicle focuses on several market sectors that present opportunities to increase energy efficiency. These sectors include the telecommunications, illumination and automotive segments.

People
SI Capital – Sebastian Waldburg, Eusebio Güel (founding partners).

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