SPAIN – Caixa Penedès launches private equity arm
Following the footsteps of its competitors Caixa Catalunya and La Caixa, Caixa Penedès has launched its own private equity arm.
Vector Capital was established with initial funding of EUR 32m and it is understood that half of the funding has already been deployed. Another bank that has made a similar move recently was Kutxa: Fund Sendogi was set up in partnership with private equity firm Talde and with initial commitments of EUR 3m.
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