SPAIN - BPEP launches Baring Iberia III

The fund will target investments in SMEs and will be able to carry out larger investments than the previous two Baring's funds closed in 1998 and 2004.

In recent years BPEP has set in place regional vehicles in Murcia and Asturias alongside the respective regional governments. The firm also has a presence in Barcelona where Caixa Catalunya owns a 45% stake in the regional managing branch.

This year BPEP will be celebrating its 20th anniversary in Spain. The firm manages over EUR 200m in assets.

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