Spain: A&G Launches Private Equity Fund of Funds for Up to €100 million

Cuatrecasas has advised private banking firm A&G Banca Privada on the incorporation and launch of A&G Global Private Equity I, the first issue of a private equity fund of funds of up to €100 million, which will invest in US and European venture capital firms. This fund is aimed at channeling investment toward a diversified portfolio of private equity funds that, valued at over €500 million, operate in the mid-market and upper middle market and whose common ground is developing buyout strategies and the necessary tools to face a macroeconomic environment such as the current one.

The fund was incorporated with a total estimated duration of 10 years from its final closing, although it can be extended at the discretion of A&G for 3 successive 1-year periods.