Nazca Capital launches the largest spanish private equity fund specialized in Aerospace and Defense
- Fondo Nazca Aeroespacial y Defensa I FCR has a target size of €400 million and is the second largest specialized fund in Europe
- The fund will foster the growth, innovation and modernisation of these strategic verticals, and will contribute to the consolidation in the coming years
- First closing of the fund is expected for the second half of 2025. Current pipeline amounts to more than 30 investment opportunities
Madrid, March 3rd 2025 – NAZCA CAPITAL, a leading Spanish investment firm with 25-year of history, has submitted for registration what will be the largest private equity fund in Spain specialising in the aerospace and defence sector, with a target size of €400 million. It would be the second largest in Europe and represents NAZCA‘s firm commitment to Spain’s role in strategic aerospace and defence projects. The fund, the seventh promoted by Nazca, has generated significant interest within the investment community and is currently being analysed by national and international institutional investors, including both private and public entities, such as the CDTi (Spanish public entity responsible for promoting innovation and technological development in Spanish) through its investment program INNVIERTE.
Fondo Nazca Aeroespacial y Defensa I FCR will focus on boosting the growth of Spanish companies operating in the defence, security and aerospace sectors. The fund will invest in dual-use (civil and military) companies that provide products, services, technology and solutions. Investment strategy will be based on buyouts, capital increases and debt instruments, with flexibility for both majority and minority positions. Part of the fund will be allocated to early stage investments with the aim of fostering R&D and innovation, seeking high-growth opportunities.
In a highly diversified sector that requires consolidation, NAZCA will drive the creation of leading national players capable of meeting the sector’s increasing and demanding needs for scale, competitiveness, innovation, stability, and solvency.
The fund will also have the possibility to invest in Europe, promoting technological cooperation and development between Spanish and European companies.
To manage this new vehicle, NAZCA will have a dedicated team of four Partners and ten Executives, supported by three Operating Partners for this vertical. Additionally, it will have a top-level Advisory Board formed by industry leaders, whose experience and track record will provide unique value in selecting high-potential investments and driving their strategic development.
NAZCA has identified more than 1,000 companies in the sector, many of them innovative and with high growth potential, but with limited capacity to cope with the high growth expected for the sector, which will require strong R&D investments, production facilities improvement, talent acquisition and working capital funding capacity.
NAZCA has been analyzing companies in the sector in recent months and has a pipeline of more than 30 investment opportunities. NAZCA expects to complete its first investment in the sector before summer, in a Spanish multinational company specialized in technology-based dual-use services (defence and civilian sectors).
The fund raising and commercialization plan expects to reach its first closing in the following months.
Carlos Carbó, NAZCA’s Chairman, comments: ‘The Aerospace, Security and Defence sector is experiencing strong global growth, driven by rising defence budgets, increasing geopolitical tensions and the development of dual-use technology solutions. The work we have done at Nazca in recent months has generated great interest among public and private investors. It is an attractive sector that is highly fragmented in Spain, with a multitude of family-owned businesses where Nazca has extensive experience. These companies need capital and professional management to grow and consolidate in an increasingly demanding market. With this fund we reaffirm our commitment to the growth of this sector in Spain and Europe, supporting innovation, business consolidation and the country’s technological leadership in a market in full expansion’.
About NAZCA
Nazca is a private equity fund management company specialising in the Spanish low-middle market, a segment in which it has closed 104 transactions and currently has 16 companies in its portfolio.
For further information, please contact :
Abigail Diaz-Agero (689033562) / Carlota Vicén (609609547)
HARMON – nazca@harmon.es