About This Fund
Inveready Innvierte Private Equity II is the second dedicated private equity fund managed by Inveready, a leading Spanish alternative asset manager with over €2.2 billion under management across venture capital and private equity strategies. Headquartered in Spain with offices in San Sebastián, Madrid, and Barcelona, Inveready closed the fund above €500 million in committed capital in 2025 — a significant milestone reflecting strong institutional confidence in the firm's Spanish mid-market private equity strategy. The fund represents a major expansion of Inveready's private equity platform following the successful deployment of its predecessor, GAEA Inversión, launched in 2019.
Inveready Innvierte Private Equity II pursues majority and minority control transactions in established Spanish companies with revenues between €15 million and €300 million and EBITDA between €5 million and €60 million. The fund is deliberately sector-agnostic across the Spanish mid-market, targeting businesses with strong organic growth trajectories and defensible competitive advantages in their respective markets. Investment structures are flexible and include outright majority acquisitions, minority stakes aligned with management-led buyouts, and hybrid capital arrangements that allow Inveready to partner with founders and management teams at different stages of the ownership journey.
The fund's initial investments demonstrate its generalist mid-market mandate: the acquisition of Avatel Telecom, one of Spain's leading alternative telecommunications operators, and Tekman Education, a company in the educational services sector. These transactions reflect Inveready's ability to execute complex acquisitions across diverse sectors and its focus on businesses with strong recurring revenue, loyal customer bases, and clear paths to value creation through operational improvement and strategic growth. Both investments were announced in conjunction with the fund's final close, signaling a rapid and focused deployment strategy for the fund's capital.