CNMV-registered fund manager Actyus Private Equity, belonging to the Andbank Group, has launched Nian Sports I, F.C.R., a new private equity fund with a target size of €30 million, focused on opportunities within the sports and entertainment sector. The fund has Andbank Spain as initial promoter and Amchor Capital as strategic investment advisor.
Established in October 2024 and recently registered with the CNMV, Nian Sports I was created with a time horizon of eight years, extendable for a further two years. During its placement period of up to 24 months, the fund may accept additional investment commitments from institutional and qualified investors, with a minimum investment of €100,000.
The fund aims to create value by investing in European companies with high growth potential that are directly or indirectly linked to the sports sector, including clubs, leagues, sports media, sports technology or sports entertainment. It may also invest in other venture capital entities.
Investments will be diversified, may not exceed 25% of investable assets in a single investee, and will be held in the portfolio for 3 to 7 years. Exits are foreseen through sales to industrial partners, MBOs, third parties or, eventually, IPOs.
Actyus, as management company, will have an internal investment committee reinforced with members of Amchor, who will attend with voice but without vote. The depositary of the fund will be Banco Inversis, S.A., and the appointed auditor is Deloitte.
The fund will accrue a management fee of 2.0% per annum on investment commitments (class A) and 1.5% (class B, for commitments exceeding EUR 1 million or employees of related entities). It also provides for a carried interest of 20%, once 100% of the capital contributed has been returned, plus a preferential return of 8% per annum.
The fund will reinvest the profits obtained during the investment phase and no distributions are foreseen until the end of this phase. Indebtedness is limited to 10% of total commitments.
With this initiative, Actyus and Amchor seek to position themselves as leaders in the professionalisation of the European sports ecosystem, attracting capital to a sector that in 2022 attracted $30 billion in global investment.
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