Nauta reaches first close at EUR50m

Fund

Nauta Capital has reached a first closing of its third fund on EUR50m. A second closing on the EUR100m target is expected in the coming months.

Investors

The investor base consists of institutional investors, which account for 55% of commitments; private investors, which represent 35%; and a GP contribution of 10%. Among the institutional investors are the European Investment Fund (EIF), Neotec Capital Riesgo, the Institute Catala de Finances Holding and SegurCaixa. A select group of national and international pension funds-of-funds is to be added in coming months, allowing the fund to meet its target.

Investments

Nauta III will target early-stage investments based in Western Europe, with a special emphasis on Spain, and the US. It expects to invest in 15 businesses, with ticket sizes ranging from EUR500,000-7m, with an average investment of EUR5m. Targeted sectors are telecommunications, software and internet.

Name: Nauta III

First close: EUR50m

July 2009

Focus: Telecoms, software, internet

Spain, US, Western Europe

Contact: Carles Ferrer

Address: Nauta Capital

Avda Diagonal, 593

Planta 8

08014 Barcelona

Spain

Tel: +34 93 503 59 00

Fax: +34 93 503 59 01.

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• Southern Europe