Addleshaw Goddard ("AG") has advised Creas, a pioneering private equity firm specializing in impact investing in Spain, on the launch of its second fund, Creas Impacto II. This investment vehicle aims for a target size of €70 million and, at its first closing, has formalized investment commitments of almost €40 million. It already includes participation from institutional investors such as the European Investment Fund (EIF) and the ICO, as well as private and foreign investors, including the Daniel and Nina Carasso Foundation.
Similar to the firm's first fund, Creas Impacto II's strategy is centered on investing in and supporting European companies with social and/or environmental impact objectives. These companies primarily operate in sectors crucial for societal advancement, such as empowering people through education and inclusive employment, caring for vulnerable groups with a particular emphasis on the elderly, and developing regenerative models to mitigate climate change.
The AG team advising Creas was led by Isabel Rodríguez, partner and head of the Funds team in Spain, alongside associates María Mata and Lara Taylor.
Isabel Rodríguez highlighted the significance of impact investing in addressing two of the present's most pressing global challenges: climate change and social inequality. She stated, "Impact investing will undoubtedly play a key role in confronting these challenges, and we anticipate its consolidation as a tool for addressing them in the coming years. This is why projects like Creas Impacto II are so crucial. The entire Addleshaw Goddard team is thrilled to provide them with our advice."
Creas Impacto II's investment focus targets companies eager to contribute to systemic change. It aims at industry-leading companies working in vital areas such as education, inclusive employment, the care of vulnerable populations, and the promotion of circular and sustainable production and consumption models. These companies are expected to offer transformative solutions that empower individuals, enhance their quality of life, and regenerate the economy.
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