Harvest Capital Management, SGEIC, S.A., has launched Itaca Search Fund Partners II, F.C.R.E., S.A., following its registration with the Spanish National Securities Market Commission (CNMV). The new vehicle aims to raise investment commitments amounting to an estimated 30 million euros, expandable up to a maximum of 40 million euros, intended for the acquisition and growth of small and medium-sized enterprises with high potential in Spain and Europe.
Itaca Search Fund Partners II is a European Venture Capital Fund (F.C.R.E.) that will focus on direct and indirect investment — through Search Funds — in unlisted companies, primarily located in the Iberian Peninsula, France, Italy, Germany, and Poland. Its strategy prioritizes sectors such as auxiliary industrial services, technology services, and the manufacturing and distribution of industrial and healthcare supplies.
The fund, managed by Harvest Capital Management, plans to participate in both majority and minority transactions — usually between 2% and 50% of the capital — and to support portfolio companies through corporate governance to drive their growth and expansion.
The model combines direct investment with co-investment and participation in Search Funds, supporting entrepreneurs in the search and acquisition of companies with EBITDA between 1 and 5 million euros, stable, and with potential for succession and professionalization.
With this new vehicle, Harvest Capital reinforces its commitment to channel private investment into the European business fabric, contributing to generational succession and sustainable growth of SMEs.
Itaca Search Fund Partners II thus offers a unique opportunity for professional investors interested in participating in solid and diversified projects within the European venture capital regulatory framework.
For more information, please visitCNMV
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