Banca March boosts its private equity activity with the launch of March PE Secundarios I FCR 16 December 2025 Category: Products The new fund will have a target size of €60 million and will focus on GP-led secondary transactions and minority direct co-investments. This vehicle aims to build a portfolio of 15 to 20 middle-market companies in Europe and the United States . Banca March, through its private equity manager March Private Equity, has launched March PE Secundarios I FCR, a new investment vehicle with a target size of €60 million, focused on acquiring direct positions in private companies through GP-led secondary strategies and minority direct co-investments. March PE Secundarios I FCR will be a private equity fund with the objective of building, over approximately two years, a diversified portfolio of 15 to 20 middle-market companies. The geographic focus will be primarily Europe, with partial exposure to the United States. March Private Equity will be supported in this strategy by a top-tier international firm acting as investment advisor. March Private Equity, established in 2020, manages over €1 billion through three Funds of Funds: March PE Global I, March PE Global II, and March PE Global III, in addition to a special investment vehicle in Luxembourg. The entity, which has a network of connections with highly regarded fund managers in the sector, evaluates a large number of investment opportunities in funds each year. The success of its programmes rests on four distinctive attributes: shareholder backing (the majority investor is always the Group), exclusivity (marketed solely by Banca March), full alignment of interests (fees charged on capital invested, not capital committed), and confidence in the strategy (Banca March provides a credit line of up to 50% of contributions). Co-investment, a distinctive feature of Banca March For more than 20 years, co-investment has been one of Banca March’s most distinguishing pillars. The bank has been a pioneer and leader in investing in alternative assets through strategies shared with clients, allowing them to invest in the same products as the bank. Co-investment represents a direct alignment of interests between the bank and the client and enables the building of long-term relationships based on trust. Overall, Banca March’s Co-investment model is unique in the Spanish market, reflecting the bank’s philosophy of sharing all its knowledge and expertise with clients with a single goal: to grow together. In the area of illiquid Co-investment, the bank selects illiquid assets — including venture capital, private equity, private debt, real estate, and infrastructure — with the aim of offering alternatives that avoid volatility and capture growth opportunities. In this way, Banca March provides its clients with the opportunity to invest in strategies that would otherwise only be accessible to large investors. Since 2008, the Group has committed over €4 billion in illiquid assets alongside more than 3,900 co-investors (and a revealing statistic: one in three has invested more than once), with projects that, on average, have returned more than twice the capital invested in real-economy initiatives.