Crescenta, Spain’s first fully digital management company for private equity fund investing, has begun the commercialisation of its new fund, Crescenta Private Equity Growth Top Performers III, FCR. This is the third edition of its flagship vehicle, which offers exposure to megatrends and technology companies through a curated selection of funds.
“Growth-focused private equity managers specialise in identifying and scaling the major winners of the next decade. We invest in funds managed by firms that have spent decades backing companies at the forefront of major megatrends and that have consistently positioned themselves as leaders,” explains Ramiro Iglesias, CEO and co-founder of Crescenta.
The new vehicle aims to deliver an annual net return of 18% and to generate a 2.5x multiple on invested capital, with a target fund size of €50 million. The portfolio will consist of a selection of five to seven funds, combining three complementary strategies: Private Equity Growth, Private Equity Tech Buyouts and Venture Capital secondaries. The strategy of the underlying funds, backed by deep sector expertise, focuses on identifying technology companies in advanced expansion phases that combine operational stability with strong value-creation potential.
“We are launching a new edition of our flagship fund following the strong reception of the first two vintages, once again increasing the target size. With Growth III, we aim to capture the potential offered by technology companies, whose most significant growth phases occur within private markets,” adds Ramiro Iglesias.
The vehicle invests in international funds managed by firms with decades of experience that have discovered many of the major technology leaders of recent years. Its first investment has been into a fund managed by Hg, a firm specialising in the acquisition of technology companies. Geographically, the fund will focus on the United States and Europe, home to the world’s main hubs of technological innovation. In terms of portfolio construction, the fund will combine exposure to the primary market (80%) with selective participation in secondaries (up to 20%), enabling risk diversification and access to companies within the Venture Capital strategy while reducing both risk and the J-curve effect. This structure provides access to multiple value-creation drivers and optimises risk-adjusted return generation.
This is a closed-end fund with an estimated duration of 10 years. The first 4–5 years will be dedicated to capital calls, followed by 5–6 years of distributions. The fund is illiquid. The target return is based on the historical simulated net performance of previous funds with the same strategy as the selected underlying funds, managed by the same fund managers, under a conservative scenario.
About Crescenta
Crescenta is a Collective Investment Scheme Management Company (SGIIC) supervised by the CNMV and registered under the official number 289. Founded by Eduardo Navarro and Ramiro Iglesias, the firm provides professional and retail investors with digital access to leading national and international funds specialising in private equity growth, private equity buyouts, real assets, secondaries and other strategies. Through its “Aprende y Crece” platform, Crescenta also offers extensive educational content on investing in this segment, advisory tools and the ability to integrate bank accounts for a more agile and secure subscription process.
cloud technology axon
Xcalibur Smart Mapping, recognised as the global leader in airborne...
