Nexxus Capital raises €130m

Nexxus Capital held a first close on its inaugural Spain-focused vehicle, Nexxus Iberia Private Equity Fund I, at €130 million.

This vehicle, managed by Nexxus’ team in Spain, will invest in small and midsize Spanish companies at equity check sizes of €10 million to €25 million, aiming to help them expand into Europe and Latin America. According to the firm’s press release, Nexxus has set a €200 million target on the fund and expects to hold a final close later this year.

The Mexico City-based firm is also currently fundraising for its seventh flagship vehicle, which launched in October 2017 and has a target of $550 million.