Banca March launches March Future, a co-investment opportunity in the megatrends that will shape the development of the European economy 23 April 2024 Category: Products The bank will channel this new co-investment proposal through private equity vehicles in the fields of the energy and digital transition, sustainability and infrastructure, which are the pillars of the European economy of tomorrow. March Future has selected four strategies based on megatrends which are critical to sustainable development, increasing resilience and restoring the sovereignty of the European economy: 1) environmental and social impact; (2) transition infrastructure; 3) cybersecurity; and 4) artificial intelligence and deep tech. To implement March Future, Banca March is partnering with four pioneering, leading global asset managers in each of these strategies, and will invest up to €50 million alongside its co-investor clients. Banca March is launching March Future, a co-investment proposal channelled through private equity vehicles that will invest in broad trends in the fields of sustainability, resilience and sovereignty of the European economy. March Future has selected four investment strategies based on fast-growing megatrends that have been identified as pillars of the European economy for the coming years: (1) impact investing, both environmental and social, focused on resilient business models which are compatible with climate and biodiversity protection as well as health and well-being; 2) transition infrastructure, focused on the transformation of the existing infrastructure network in response to the dynamics of the energy, digital and demographic transitions; 3) cybersecurity, in view of the need to step up protection of the digital economy and digital infrastructures; 4) artificial intelligence and deep tech as the drivers of a profound transformation of the economic and industrial landscape through the latest scientific discoveries and engineering innovations. Together with its co-investor clients, Banca March will invest up to €50 million in the four strategies identified for March Future. To this end, it has partnered with four pioneering, leading global asset managers in these areas: EQT Future for environmental and social impact investing; Antin Infrastructure Partners for Transition Infrastructure; Tikehau Capital for cybersecurity; and Jolt Capital for artificial intelligence and deep tech. March Future will deliver an estimated annualised net IRR of between 16% and 20% and a net multiple greater than two times the invested capital, with a target horizon of ten years. Banca March invites its clients to participate in building the future of Europe The launch of this new co-investment strategy highlights Banca March's commitment to alignment with the sustainability and carbon neutrality goals set by the European Union's Green Deal. Over recent years, Banca March has rolled out several innovative, alternative investment solutions that combine sustainability and performance. Ignacio Montero, Director of the Co-Investment Unit at Banca March, said: "Against a backdrop of major disruptive changes in the European economy, as well as a growing awareness of sovereignty, stability and future growth in the region, March Future is positioned as a strategic option for investors seeking to be at the forefront of new trends. The transformations underway in the European economy are already shaping production and consumption processes for the long-term. From digitalisation to the transition towards more sustainable energy, these trends are redefining business operations and consumer behaviours. Banca March not only recognises these emerging realities, but embraces them as investment opportunities, offering a unique combination of solid financial returns and significant contributions to social and environmental well-being. By investing in March Future, clients are not only ensuring their participation in the economy of the future, but are also actively contributing to building a more sustainable, prosperous future for Europe and the world.". Co-investment, a Banca March hallmark Co-investment is a hallmark of Banca March and the utmost expression of the Group's commitment to its customers, inviting them to participate as partners in the same investment vehicles and projects in which the bank invests itself. In accordance with this philosophy of aligning interests, over the years the family-owned bank has co-invested with more than 9,000 customers through its institutional SICAVs (Torrenova, Lluc and Bellver) – liquid co-investment vehicles which, at the end of 2023, had a total volume under management of €1.9 billion. In the unlisted co-investment category, since 2008 the Banca March Group has committed more than €3.3 billion in illiquid assets with its more than 3,100 co-investors.