Portobello Capital has raised $22.7 million to date for its Portobello Capital Fondo IV, per a SEC filing. The Madrid-headquartered firm has set a €600 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised €375 million in 2014.
The fund will target buyout opportunities in a diverse number of sectors in Spain and Portugal.