Banca March announced this Tuesday the launch of its third venture capital co-investment program, called Mars PE Global IIIwhich is a fund of funds that focuses its investments on investment products private equity international.
In the first program, launched in 2020, it was possible to raise 250 million euros and attract 600 participants. It was built with a total of 15 thematic funds which in turn hold stakes in more than 180 companies. With the second program, 360 million was raised and more than 700 investors were attracted. In this case, the underlying is made up of 13 funds bringing together 70 companies.
This third program coincides with the fifth anniversary of the managing subsidiary March Private Equity and pursues the same objectives as the first two. In this case The goal is to reach 350 million euros, of which Banca March will contribute 20%, or 70 million. Likewise, it offers the possibility of financing 50% of disbursements to investors. The target sectors are technology, health, services and energy transition.
Regarding commissions, the plan proposed by the manager consists of tax on disbursed capitaland not on commitment, during portfolio construction, which reduces commissions in the initial phases.
Manuel Travesedo, Managing Director of March Private Equity, assures that “co-investment is part of Banca March’s DNA. We invite our clients to invest in the same products and under the same conditions as the bank’s shareholders for more than 20 years. In this strategy, long-term investments [como el private equity] These are wonderful alternatives that complement more traditional investment options. The solvency of Banca March, 3 highest in the Spanish market, allows us to launch this type of products that we consider ideal in terms of profitability/risk so that a greater number of investors can benefit from them. March Private Equity Global III is an opportunity to access underlying companies in a simple, agile and prudent manner.
Co-investment model
This new initiative is in addition to the group’s co-investment proposals, which constitute a unique model on the market and allow clients to invest in the same products as the bank. Banca March is a pioneer in its commitment to alternative assets, with a history of over 20 years sharing its investment strategy with its clients.
In the case of co-investment, Banca March covers a variety of illiquid asset types (venture capitalventure capital, private debt, real estate and infrastructure) selected by the entity to offer an investment alternative in growing sectors, thus becoming a complement that reduces volatilities or economic uncertainties. In this way, Banca March offers its customers the opportunity to invest where they cannot access themselves.
Since 2008, Grupo Banca March has been committed more than 3.3 billion euros in illiquid assets, with a return recovery multiple of between 1.5 and 2.5 times. During this period, more than 3,100 co-investors participated with the bank in various investments.
