VVV Capital Partners FCRE, S.A., a Spanish venture capital company established in 2024, has launched its activity with a fund aimed at investing up to €100 million in growing technology companies in Spain. The vehicle, managed by ProaltusAsset Management, SGIIC, S.A., has obtained authorization from the CNMV and aims to acquire at least five startups in the technology sector, with a particular focus on software development companies.
The fund is targeted at both professional and non-professional investors, with a minimum investment commitment of €50,000, offering an opportunity to diversify in a sector with high growth potential. Unlike other private equity funds, VVV Capital Partners seeks to combine attractive returns with a long-term investment horizon, without a predefined exit strategy.
Investment Strategy and Vertical Build-Up
The company will primarily invest in B2B software based in Spain, focusing on companies with revenues between €1 million and €20 million. The acquired companies will act as intermediate entities to carry out additional acquisitions, following a strategy known as vertical build-up, with the goal of strengthening market position and generating synergies among the portfolio companies.
Management and Governance
Management of VVV Capital Partners is entrusted to Proaltus AM, based in Madrid, which will be responsible for administration, risk oversight, and communication with shareholders. The fund will have BNP Paribas S.A. as depositary and Baker Tilly Auditores, S.L.P. as auditor, while Bufete Barrilero y Asociados will provide legal advice, ensuring transparency and regulatory compliance.
Executive Team and Leadership
The fund will be led by Ventura Gil Peña, founding partner of Proaltus AM, with experience in venture capital and strategic acquisitions in the technology sector.
Investment Terms and Returns
VVV Capital Partners offers a preferred return of 8% on invested capital before distributing profits to shareholders. The net asset value (NAV) of the shares will be calculated semiannually and communicated regularly to investors. The company plans to hold a first close once it reaches €10 million in investment commitments.
Innovation and Sustainability
Although no specific sustainability policies are currently applied, the management company considers sustainability risks in its investment decision-making, incorporating this assessment into general risk management.
Outlook and Horizon
With an estimated duration of nine years, extendable by one additional year, VVV Capital Partners divides its activity into three phases: investment (3 years), management (4 years), and divestment (2 years). The company aims to consolidate a diversified portfolio and generate sustainable value for its shareholders through active and transparent management
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