Miura Partners closes over €800 million in 2024, one of the largest dedicated pools of capital for supporting Iberian businesses
Miura Partners, a purpose-driven Iberian mid-market investor, has announced final closes of three funds raising over €800 million in aggregate. Miura Fund IV closed at its hard cap of €475 million. A further €135 million was raised for Miura Impact Fund, the firm’s first vehicle fully dedicated to Impact. €200 million was also secured for Dent&Co, a continuation fund in the dental healthcare space.
We are pleased to have supported Miura Partners in closing €600 million for investments in Iberia, including €475 million for Miura Fund IV and €135 million for its inaugural impact fund. Both fundraises garnered strong support from new and existing investors, including commitments from institutional LPs across Europe, North America and Asia. Fund IV is 44% larger than its predecessor and attracted over €250 million of commitments from investors new to the Miura platform.
Additionally Miura has closed Dent&Co, a €200 million single asset continuation fund established to support continued growth in portfolio company Proclinic Group.
Fund IV will build on Miura’s long history of partnering with family-owned businesses and SME’s in niche industries across Spain and Portugal. Investing equity tickets ranging from €20-50 million plus co-investment, the Fund aims to acquire controlling stakes in well-established sectors where Miura has strong expertise, including healthcare, education, business services, consumer goods and industrial niches. Miura has delivered outstanding performance from its prior funds, including two significant exits in the last twelve months.
Miura Impact Fund is the firm’s inaugural impact vehicle, established to invest in small cap businesses targeting the sustainability megatrend in three impact themes: Healthier Lives, Thriving Communities and Regenerative Planet. The fund invests equity tickets ranging from €5-15 million plus co-investment into high growth companies. The Fund has invested in four businesses to date: Tierra, Spanish leader in the creation and maintenance of sustainable green spaces; Wikiloc, leading navigation software and community platform for outdoor activities; GasN2, producer of energy efficient onsite industrial gases; Bianna, multinational leading technologies for waste treatment and waste-to-energy/value.
Rede Partners is proud to have partnered once again with Miura on the successful fundraises of Miura Fund IV and Miura Impact Fund.