Tressis launches a €30 million tech fund, the first since its acquisition by MoraBanc

Tressis Gestión has announced the launch of Tressis Capital Tech II, F.C.R., a new venture capital fund registered with the Spanish National Securities Market Commission (CNMV), with a target size of up to €30 million. This is the first fund launched since MoraBanc acquired more than 75% of Tressis, following the approval of the merger between Mora Wealth Management Spain and Tressis.

The new fund, managed by Tressis Gestión, S.G.I.I.C., S.A., and with BNP Paribas Securities Services, Spanish branch, acting as depository, will invest primarily in technology-focused private equity and venture capital funds, as well as in SMEs and startups where digitalization and technology play a key role in growth. Up to 10% of the fund’s assets may be invested directly, co-investing alongside the underlying funds.

Global diversification and technological focus

Tressis Capital Tech II will pursue a globally diversified strategy, with a primary focus on Western Europe — particularly Spain, Portugal, and Israel — and the United States, while also considering selective opportunities in Latin America. The fund’s investment strategies will include venture capital, private equity, expansion capital, special situations, venture debt, and technology infrastructure investments.

The fund will have an estimated 10-year lifespan from its first closing and is expected to make between 15 and 25 investments.

Structure and terms

The vehicle will offer two share classes:

Class A, with a minimum commitment of €100,000 and a 1.5% annual management fee.
Class B, with a minimum commitment of €500,000 and a 1.3% annual management fee.

The management company will also receive a 15% performance fee on distributions exceeding a 1.3x preferred return and a 1.55x extraordinary preferred return.

The fund has appointed Ernst & Young (EY) as auditor and 3Wisemen Strategic Advisory, founded by Germán Cutillas (former partner at Everis), as strategic advisor.

Integration within MoraBanc

The launch of Tressis Capital Tech II follows the recent approval — granted on September 23, 2025 — by the Andorran Financial Authority (AFA) of the merger between Mora Wealth Management Spain and Tressis, which is now only pending final authorization from the CNMV for full effectiveness.

Following the acquisition, the MoraBanc Group now manages €18 billion in assets, with €10 billion corresponding to its international business, consolidating its commitment to preserving the philosophy, brand, and business model of Tressis.