Alternative investment
Private equity sector
- Product that maximises the diversification of Private Banking portfolios.
- Medium-sized segment. It helps to achieve greater profit levels with less leverage, thanks to the lower valuation multiples.
- Fund of funds. Opportunity for diversification by regions and sectors, within Europe.
- Attractive profits; even during bearish moments in the market.
MVB1
Launch date October 2019
Capital raised €156 million
Assets 54 funds and 6 direct investments
Location USA, Europe and Israel
Investment thesis
- Platform for investing in technology companies, mainly from the Silicon Valley ecosystem.
- Access via Venture Capital managers, which boast profits among the top 25% this year.
- Companies with high potential for growth and increases in value thanks to their disruptive technology.
- High diversification through a primary-investment fund of funds format.
- Protection against economic cycles and inflation due to its differential technology and long maturity period.
- High profits once divestments occur.
Rhea Secondaries2
Launch date December 2020
Capital raised €122 million
Assets 24 investments made
Location Europe
Managing partner Access Capital Partners
Investment thesis
- Platform for investing in venture capital via secondary purchases in Europe.
- Market access through a leading manager in Europe, with 21 years of experience and €10 billion of assets under management.
- Investment in small- and medium-sized companies, with low input valuation multiples and a potential for value increases.
- High diversification (limited risk) through a secondary-investment fund of funds format.
- Investment opportunity with attractive returns at all possible times during the economic cycle.
- Record high profits thanks to diversification and active management (target net IRR of +11%).
Temper
Launch date December 2022
Capital raised €251 million
Assets Four photovoltaic plants
Location Zaragoza, Spain
Industrial partner Plenium Partners
Investment thesis
- Investment in one of the leading photovoltaic farms (project quality, excellent location, remaining lifespan, etc.) operating in Spain.
- Energy transition process in Europe, with strong support from Institutions and a need for investment.
- Revenue from market prices and from a purchase agreement on the electricity generated by the asset (PPA) guaranteed by an energy company with an “investment grade” (BP) credit rating.
- High visibility over cash-flow distribution and low expected volatility.
Important information
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Desplegar/Plegar texto legal1
MVB FUND FCR: vehicle (VCS) regulated by the Spanish National Securities Market Commission (CNMV). Registration no.: 259, dated 21/06/2019.
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Desplegar/Plegar texto legal2
RHEA SECUNDARIES FCR: vehicle (VCS) regulated by the Spanish National Securities Market Commission (CNMV). Registration no.: 294, dated 26/06/2020.