Aurica Capital launches a ‘search funds’ vehicle to invest in SMEs with growth potential

10 Apr. (EUROPE PRESS) –

The independent private equity manager Aurica Capital has launched Aurica Search Funds, a vehicle to finance the search and investment in SMEs with growth potential, as reported by the firm in a statement.

This fund will be the first to be created by a ‘private equity’ manager in Europe and will seek to finance those companies that, due to their smaller size, are left out of Aurica IV’s services.

Aurica Search Funds will invest for five years in the search capital of up to 25 young entrepreneurs, helping them to identify and acquire a company that proves to be a profitable, growing business with a high cash level and easy management.

The new vehicle will begin to operate under the leadership of Ricardo Velilla, a graduate in Business Administration and Management with an MBA from IESE and who has just directed the Norgestión office in Barcelona.

Velilla, who will occupy the position of Director of Investments at Aurica Search Funds, has indicated that this new vehicle “allows us to go further and bet on an ecosystem of companies of great quality and growth potential, but smaller, and thus offer investors attractive returns”.

For his part, the partner of Aurica Capital Iván Plaza has celebrated that this launch gives them the opportunity to invest in companies that, although they fit with his philosophy, are outside the Aurica IV fund.

The fund was born with an international vocation and will seek that 75% of the investments are carried out in Europe and the remaining 25% is distributed between Latin America and North America.