Banca March has exceeded the 1,000 million euros barrier in assets under management In March Private Equity, its private capital manager, who just turned 5. Reach this milestone after closing the marketing of its fund March Peter IIIwhich has managed to capture 350 million euros contributed by 720 investors. This is the third edition of this product. Its marketing started last October – with a 350 million objective – and in December it was already completed to more than 80%.
The goal of this fund and its two predecessors is to obtain Returns near 12%-15% (TIR or internal net return rate) and a net multiple on the capital invested close to 2 times in a period of 10 to 12 years.
Those 1,000 million achieved are, fundamentally, the sum of the assets of these three fund fund programs. The first one was the March global Ilaunched in 2020, which achieved in its first four months to capture the target volume -250 million euros- and exceed 600 investors. In less than 20 months, 100% of its portfolio was built with 15 funds that have invested in more than 190 underlying companies to date. And the March Peter IImarketed in 2022, it managed to build 100% of its portfolio with 13 investments in funds. This second edition exceeded 360 million in a few months with more than 700 investors.
The investment is 100% outside Spain, mainly in the United States and Europe; And it focuses on the segment of small and medium enterprises, selecting funds that buy companies with a business value generally less than 500 million euros. These products are usually specialized sectorially
This fund of funds includes a Success commission that is subject to a minimum profitability of 8% For the investor, which is in the event that the customer obtains one that is smaller the higher the investment (low to 4% in that case) and that for the smallest amounts can be 8% or 10%.
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