محمد يحي
- Qatar Investment Authority launches $349 million fund to support green and digital transformation in Spain in partnership with COFIDES
- The fund, named Ispania Growth Fund, will be managed by a platform overseeing assets exceeding €4.5 billion, with a focus on the technology and education sectors.
Qatar Investment Authority (QIA) and Spain’s state-owned COFIDES fund have announced the launch of a joint investment fund worth €300 million (approximately $349 million) aimed at supporting Spanish companies operating in green transition, digital transformation, and technological innovation sectors.
The newly launched “Ispania Growth Fund” will be managed by Spanish private equity firm Portobello Capital, which oversees more than €4.5 billion in assets and focuses on technology, education, and IT sectors within the Spanish market.
The fund targets high-growth small and medium-sized enterprises (SMEs), particularly in sectors shaping the future of Spain’s economy, with a focus on job creation, accelerating regional development, and enhancing corporate resilience against economic challenges.
Mohammed Saif Al-Sowaidi, CEO of Qatar Investment Authority, said the partnership with COFIDES reflects QIA’s commitment to supporting companies driving Spain’s economic transformation and underscores its confidence in the strength and future growth potential of the Spanish economy.
Meanwhile, Ángela Pérez, CEO of COFIDES, described the initiative as a key milestone in the organization’s strategy to attract international investment and expand cooperation with global partners, highlighting the success of the FOCO fund in supporting innovative projects across Spain.
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