Banca March, through its private equity manager March Private Equity, has launched March PE Secundarios I FCR, a new investment vehicle with a target size of €60 million, focused on acquiring direct stakes in private companies through “GP-led” secondary strategies and minority direct co-investments.
March PE Secundarios I FCR will be a private equity fund with the goal of building, over approximately two years, a diversified portfolio composed of 15 to 20 companies in the middle-market segment. The geographic focus will be primarily Europe, with partial exposure to the United States. For the development of this strategy, March Private Equity will rely on the support of a top-tier international firm as an investment advisor.
March Private Equity, established in 2020, manages over €1 billion through three Fund-of-Funds: March PE Global I, March PE Global II, and March PE Global III, in addition to a special investment vehicle in Luxembourg.
The entity, which has a network of connections with highly reputable managers in the sector, analyzes a large number of fund investment opportunities each year. The success of its programs rests on four differentiating attributes: shareholder support (the majority investor is always the Group), exclusivity (marketed exclusively by Banca March), maximum alignment of interests (fees charged on invested capital, not committed capital), and confidence in the strategy (Banca March provides a credit line of up to 50% of contributions).
Co-investment, a distinctive feature of Banca March
Co-investment has been one of Banca March’s most distinctive pillars for over 20 years. The bank has been a pioneer and leader in alternative asset investments through strategies shared with clients, allowing them to invest in the same products as the bank. Co-investment represents a direct alignment of interests between the bank and the client and enables the building of long-lasting relationships based on trust. Overall, Banca March’s co-investment model is unique in the Spanish market, reflecting the bank’s philosophy of sharing all its knowledge and expertise with clients with a single objective: growing together.
In the realm of illiquid co-investment, the bank selects illiquid assets—venture capital, private equity, private debt, real estate, or infrastructure—with the aim of offering alternatives that avoid volatility while capturing growth opportunities. In this way, Banca March provides its clients with access to strategies that would otherwise only be available to large investors. Since 2008, the Group has committed over €4 billion in illiquid assets alongside more than 3,900 co-investors (with a revealing fact: one in three has reinvested), with projects that, on average, have returned more than twice the invested capital in the case of real economy projects.
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