Arcano launches new private equity fund-of-funds

The GP told Unquote that the fundraising will initially be focused on Spanish LPs and subsequently expand its efforts to attract commitments from international investors.

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 and closed in December 2017 and February 2018 respectively, hitting their combined hard-cap of €300m.

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 €5bn in assets under management invested in private equity, private debt, venture capital, real estate and infrastructure.

Investors
The fund expects to receive commitments mainly from Spanish and international institutional investors, family offices and banks.

Investments
Arcano Capital XII will target primarily European and US private equity mid-market buyout funds with a small allocation for capital expansion and restructuring vehicles. It will typically deploy equity tickets between €10-50m.

People
Arcano Asset Management – José Luis del Río (CEO); Ricardo Miró-Quesada (managing director, chief investment officer private equity).

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• Topics
• Funds
• Fund-of-funds
• Southern Europe
• Spain