About This Fund
Nazca Aerospace & Defense Fund I FCR is an initiative led by Nazca Capital with the aim of boosting and consolidating the aerospace, defense, and security sectors in Spain and across Europe. With a target size of up to €600 million, it stands as the largest Spanish fund in its sector and the second-largest in Europe. The fund focuses on companies developing dual-use (civil and military) technologies and services, seeking to enhance their competitiveness in a fragmented market. The investment strategy includes buyouts, capital increases, and structured debt deals, allowing for both majority and significant minority stakes. A portion of the fund will also be allocated to early-stage investments to foster innovation and technological advancement. The fund has already identified over 30 potential investment opportunities and plans to close its first deal before summer 2025. Nazca Capital has assembled a dedicated team of 17 professionals, including four partners, ten investment executives, and three operating partners, supported by a high-level advisory board. Among the cornerstone investors is Spain’s CDTI (Centre for the Development of Industrial Technology), which has committed up to €294 million through its INNVIERTE program. The fund also aims to invest in European companies that can integrate or collaborate with Spanish firms, promoting cross-border industrial and technological cooperation.