Cardumen Capital and Portocolom AV announce the final close of Impulso Global Fund of Funds, which has reached its target size of €40M, consolidating the Fund as one of the most solid and differentiated impact investment initiatives in Spain and Europe. It is the first private markets fund of funds in Spain classified as Article 9 under the SFDR, combining Cardumen Capital’s extensive private markets investment experience with Portocolom AV’s proprietary methodology, technical rigor, and excellence in sustainability and impact.
Following this closing, the Fund continues to deploy capital across its priority themes —education, health, financial inclusion, climate change, sustainable agriculture, water and sanitation— through a multi-asset architecture that includes Venture Capital, Growth Equity, Private Debt, and Infrastructure.
To date, the Fund has invested in eight leading managers across Spain, Europe, the United States, and emerging markets, aligned with its People, Planet, and Prosperity pillars:
• Columbus Venture Partners – Health, biotechnology, and applied research
• Q-Impact – Social cohesion, inclusive employment, and impact economy
• Ilex Renovables – Clean energy and green infrastructure
• Impact Bridge – Sustainable agriculture and food resilience
• Quona Capital – Financial inclusion and digitalization of essential services
• Learn Capital – Education and EdTech innovation
• Ecosystem Integrity Fund – Climate solutions and energy transition
• WaterEquity – Drinking water, sanitation, and water solutions
This portfolio reflects the Fund’s core thesis: real impact, global diversification, advanced governance, and financial discipline.
Igor de la Sota, Co-Founding Partner at Cardumen Capital: “This closing marks a milestone for Impulso Global and demonstrates the strength of the alliance between Cardumen Capital and Portocolom AV. The natural integration of financial expertise and impact methodology has enabled us to attract top-tier investors and build a solid, selective vehicle aligned with the major challenges of our time.”
Ana Guzmán Quintana, Chief Investment and Impact Officer at Portocolom AV: “We are now entering a key phase of execution and measurement of the impact generated. We want to demonstrate, with rigor and evidence, that returns and real impact can move forward together. We continue to build a diversified and transformative portfolio, supported by strict governance, professionalization, and measurement frameworks. We are doing so while consolidating a global network of actors who share vision, high standards, and long-term ambition.”
About Cardumen Capital
Cardumen Capital is an alternative investment manager regulated by the CNMV, chaired by Gil Gidron and founded in 2018 by Gonzalo Martínez de Azagra and Igor de la Sota. With more than 15 years of experience and a presence in Europe, the Middle East, and Asia, the firm specializes in investing in companies and funds across private markets, driving innovation, disruptive technologies, and long-term value creation. Backed by leading global investors, corporates, institutions, pension funds, and family offices, it currently manages over €300M in assets under management and has a track record exceeding €400M in investments.
About Portocolom AV
Portocolom AV is an independent investment advisory firm focused on sustainability and impact. With nearly €1.0bn in assets under management and advisory, it works with institutional investors, congregations, foundations, and high-net-worth individuals. Its proprietary methodology for financial analysis, ESG integration, and impact is aligned with the most advanced international frameworks and focuses on promoting human dignity, social justice, and the protection of the planet. Its sector leadership has established it as a strategic partner for institutions seeking to align their capital with their mission and long-term vision.
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