Nazca Secures €294 million from CDTI for its fund Nazca Aeroespacial y Defensa Innvierte I
- The decision, adopted by the Board of Directors of INNVIERTE, makes the Centre for the Development of Technology and Innovation (CDTI) the anchor investor in the largest private equity fund in Spain specialized in the aerospace and defence sector, and one of the largest in Europe
- Nazca aims to reach a size of €600 million
Madrid, May 12th, 2025 – NAZCA CAPITAL, a leading Spanish investment firm with 25-year of history, strengthens its strategic commitment to the defense, security, and aerospace sectors with the incorporation of CDTI as anchor investor in its fund Fondo Nazca Aeroespacial y Defensa INNVIERTE I FCR. Through the INNVIERTE program, CDTI has approved a total commitment of up to €294 million, representing one of the largest public sponsorships to a fund managed by a private firm in this sector.
This institutional support positions the fund as a key tool for channelling capital into strategic sectors that require innovation, industrial consolidation, and technological autonomy, with a particular focus on companies developing dual-use (civil and military) solutions. The fund has the structure and strategy in place to reach a size of €600 million, making it the largest Spanish investment vehicle specialized in aerospace and defense, and one of the largest in Europe.
NAZCA will lead this project with a specialized team of 16 investment executives. In addition, NAZCA is setting up a top-level Advisory Board composed of highly relevant profiles in the fund’s areas of focus, whose composition will be announced soon.
NAZCA expects to complete a first closing of the fund before the summer, aligning it with the closing of the fund’s first investment.
The first closing will include the participation of CDTI through the INNVIERTE program, as well as private investors with whom NAZCA has longstanding relationships and who have shown strong interest in joining the project. Following this, NAZCA will launch a new fundraising phase targeting national and international institutional investors, in a market environment where the aerospace, defense, security, and dual-use technology sectors are receiving growing and favorable interest.
Carlos Carbó, NAZCA’s Chairman, comments: ‘The support of CDTI as anchor investor is a significant milestone that validates our thesis and allows us to accelerate the fund’s deployment at a crucial moment for the sector. We appreciate their trust and commitment to an initiative that aims to transform and scale the defense, security, and aerospace industrial ecosystem through investment in dual-use technologies and solutions, innovation, and national and international business consolidation.’
José Moisés Martín Carretero, Director-General of CDTI, states: ‘The aerospace and defense industry is at a key moment and needs new instruments for growth and consolidation. At CDTI, we will support ambitious initiatives like this fund to promote public-private cooperation.’