The fund will have a size of €150 million and will focus on innovative companies listed on European alternative stock markets, which offer great opportunities in small caps in the technology sector. The name of the fund, ISETEC V FCR, stands for Inversiones Significativas en Empresas Tecnológicas Cotizadas (Significant Investments in Listed Technology Companies).
With this deal, Axon Partners Group aims to create a new line of investment that operates between venture capital and value funds, thus achieving a balance between profitability, risk and liquidity. The fund manager has high expectations for this fund, especially given the good dynamics and performance of the European smaller companies sector in recent times.
“We have been working on this concept for several years and we believe that given Axon’s experience and the market opportunity, now is the perfect time to launch it in a decisive way. With Isetec we intend to create a new line of investment whose positioning is somewhere between venture capital and value funds, so it achieves a very good balance between profitability, risk and liquidity,” said Francisco Velázquez, managing partner at Axon.
Cuatrecasas advised Axon Partners Group with a team made up of Finance & Funds partner Jorge Canta, Tax partner Paz Irazusta and Corporate associate Ana Serrano.