The Spanish private equity firm specialises in investing in sustainable small and medium-sized businesses. Its impact fund is centred around three core themes: healthier lives, thriving communities, and regenerative planet.
Miura Partners, a private equity firm with offices in Madrid and Barcelona, has closed its first fund dedicated to impact after raising €135m.
The Miura Impact Fund, which was launched in 2022, typically invests between €5m to €15m into high-growth small caps on the Iberian Peninsula that provide solutions to global challenges. The fund focuses on three key themes: healthier lives, thriving communities and a regenerative planet.
“In a challenging fundraising environment, Miura was happy to see strong demand from existing and new investors,” for its new impact fund, a company spokesman told Impact Investor.
“Although liquidity constraints remain top of mind for limited partnerships, impact investing is on their agenda and the EU is also moving towards that direction through a strong regulation,” the spokesman added.
€1.5bn in assets
Since its inception in 2008, Miura Partners has raised five primary funds across its buyout and impact strategies, as well as two continuation funds in its agribusiness and dental health verticals. Miura Partners manages more than €1.5bn in assets, and has completed more than 70 investments.
The new fund has invested in four firms to date – Tierra, which creates and maintains sustainable green spaces; Wikiloc, a developer of navigation software and community platforms for outdoor activities; GasN2, a producer of energy efficient onsite industrial gases; and Bianna which specialises in waste treatment and waste-to-energy/value.
The holding period for the impact fund is no different from other private equity strategies, ranging from three to six years, according to the Miura spokesman.
