Cuatrecasas advises Qualitas Funds on the creation of its first fund of funds, with €80 million, focused on private equity in North America

Cuatrecasas has advised Qualitas Funds SGEIC, S.A., a private equity investment platform, on the formation of Qualitas Funds US I, the management company’s first private equity fund of funds exclusively targeting investments in North America. The new vehicle, which will be structured through Spanish FCR and SCR entities, will have a maximum size of €80 million.

Qualitas Funds US I is being launched following the integration of Qualitas Funds into the U.S.-based group P10, Inc. (NYSE: PX), a global reference platform in the lower mid-market segment. Thanks to this integration, the Madrid-based manager will work closely with RCP Advisors, another company within the P10 group, to identify and select the best investment opportunities in the North American market.

Broad geographical diversification

With the launch of Qualitas Funds US I, Qualitas Funds strengthens its commitment to geographical diversification and expands its range of products, consolidating its position as a leading player in alternative asset management. This new strategy will allow Qualitas Funds’ investors—primarily based in Spain—to diversify their portfolios and gain access to a high-growth potential market.

The Cuatrecasas team involved in the transaction was made up of lawyers Miguel Sánchez Monjo, Jorge Canta, and Pablo García from the Corporate/M&A practice, and Paz Irazusta and Miguel Ángel Orozco from the Tax department. Their advice was key to the proper structuring and launch of the fund, ensuring both regulatory compliance and tax efficiency for the program.