Banca March strengthens its co-investment offering with an energy, digital and sports infrastructure project in partnership with Ithaka 10 December 2025 Category: Agreements Banca March launches Ithaka Infra III March, a new Co-investment opportunity in collaboration with Ithaka Infrastructure Partners, a manager specialising in investing in essential assets for the transformation of Europe’s energy, digital and social infrastructure. This new co-investment project by Banca March is part of Ithaka Infra III, the third fund of Ithaka Infrastructure Partners, which plans to invest a total of €500 million following a disciplined investment strategy, outside competitive processes, in partnership with industrial operators and targeting attractive double-digit returns. Through this initiative, Banca March demonstrates its commitment to offering exclusive investment opportunities in high-quality, resilient assets. The bank will co-invest €65 million in this strategy alongside its clients via Ithaka Infra III March, an investment vehicle specifically designed for them. Banca March has developed a new co-investment project, a unique and differentiating value proposition of the bank, in partnership with the infrastructure manager Ithaka. This initiative gives Banca March clients the opportunity to invest in companies with significant potential for appreciation in sectors fundamental to the daily functioning of society and the economy, whose structural nature makes them resilient and strategic assets. The infrastructure sector is key to Europe’s energy, digital and social transformation and is currently experiencing strong growth due to global megatrends. Sectors with traditionally underutilised assets are being transformed into platforms generating diversified income, creating investment opportunities in assets with high reconversion potential. The combination of industrial and financial expertise has become a differentiating factor in capturing opportunities outside competitive processes. 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.