Spain's CDTI backs Portobello's €100M private equity fund V
What's the deal? Spain's CDTI InnovaciónDealroom has a profile for this one. Try Dealroom → has committed €100 million to Portobello CapitalDealroom has a profile for this one. Try Dealroom → V, a private equity fund managed by Madrid-based Portobello Capital. The commitment comes via Innvierte, CDTI's public co-investment vehicle for technology-based and innovative companies.
Who gets the money? The fund targets dynamic mid-market companies, aiming to accelerate their growth, international expansion, and sector consolidation. At least 75% of the portfolio companies must be based or active in Spain.
About the firm: Portobello Capital is an independent private equity manager focused on the middle market, with €4.2 billion in assets under management. It acquires majority stakes or structured partnerships in private mid-sized companies across diverse sectors.
Founded more than 15 years ago, the firm has made over 60 investments, holds 26 companies in its portfolio, and has raised 14 funds, including Portobello Capital VDealroom has a profile for this one. Try Dealroom →.
Why now? The investment is channelled through Innvierte Economía Sostenible SICCDealroom has a profile for this one. Try Dealroom →, which is supervised by the Comisión Nacional del Mercado de Valores and wholly owned by CDTI Innovación. The programme sits within Spain's Science, Technology and Innovation Strategy 2021-2027, approved in September 2020.
The signal: By anchoring a middle-market buyout fund, CDTI Innovación is using public capital to pull private investment toward innovative Spanish companies — reinforcing the state's role as a cornerstone investor in the country's venture and private equity ecosystem.
Read more: capital-riesgo.es
Image credit: Amio Cajander.
