Crescenta Investments, SGIIC, S.A.U. has registered its new private equity fund, Crescenta Private Equity Secondaries I, FCR, with the Spanish National Securities Market Commission (CNMV). The vehicle is designed to invest in the secondary market of private equity funds and similar international entities.
Managed by Crescenta Investments and with Banco Inversis, S.A. acting as depositary, the fund targets a size of €60 million, with a maximum capacity of €80 million, and will be advised by Mercer Global Investments Europe Limited.
Crescenta Private Equity Secondaries I, FCR will primarily invest in private equity funds and unlisted entities, either newly established or existing, pursuing buyout, growth, venture capital and real asset strategies (core, core plus, value add, opportunistic). The investment scope will be global, with a particular focus on Europe and North America.
The closed-ended fund offers several classes of participations (A, B, C, D, G and H) tailored to different investor profiles and minimum commitments, ranging from €10,000 to €500,000. Management fees will range between 1.00% and 1.75% per annum, depending on the share class, while the carried interest will generally be 12%.
Crescenta Private Equity Secondaries I, FCR integrates sustainability risk factors into its investment process in accordance with EU Regulation 2019/2088 on sustainability-related disclosures in the financial services sector.
With this new fund, Crescenta strengthens its range of alternative investment solutions for professional and institutional investors seeking access to the private equity secondary market through a locally managed and CNMV-supervised structure.
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