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Creas launches to market Creas Impacto, the first “impact investment” fund under European regulation approved by CNMV

Creas Impacto

May 22, 2018

Madrid, on May 16th, 2018. Spanish Securities & Exchange Commission (CNMV) has given the authorization to the constitution of Creas Impacto fund, the first self-managed and focused on impact investing Venture Capital Company (SCR), under European regulation. In this way, Creas brings to Spain the first European Social Entrepreneurship Fund (EuSEF, according to European nomenclature for this vehicles), an asset class composed by 10 products like this, in all the European Continent.

  • The Spanish Securities & Exchange Commission (CNMV) just approved the launch of the fund Creas Impacto, the first European Impact Investing fund registered in Spain. 
  • It is born with the purpose of supporting companies at growth stage with business models based on value creation to society and environment.
  • The investment vehicle has a target size of 25 million euros, with a first closing of 15 million.

Madrid, on May 16th, 2018. Spanish Securities & Exchange Commission (CNMV) has given the authorization to the constitution of Creas Impacto fund, the first self-managed and focused on impact investing Venture Capital Company (SCR), under European regulation. In this way, Creas brings to Spain the first European Social Entrepreneurship Fund (EuSEF, according to European nomenclature for this vehicles), an asset class composed by 10 products like this, in all the European Continent.

The fund has a target size of 25 million euros and the aim is to do a first closing of 15 million in June. It counts with the support of investors that have already invested with Creas as well as new ones, family offices and three institutional investors.

Creas Impacto is a fund born with the purpose of making investments from 500,000 to 3 million euros in a maximum of 15 companies. The investment criteria will always be based on a marked social character. In addition, its professionals will try to invest in Spanish companies that are in a phase of expansion or early growth. These are companies that have a consolidated business model and a recurring turnover with growth potential and that have registered a minimum turnover of around one million euros in the last fiscal year. When it comes to making investment decisions, Creas will give special priority to those companies focused on health and wellbeing, environmental sustainability, education and social innovation.

With the constitution of this new project, Creas aims to contribute to the promotion and development of initiatives that help eradicate or improve those problems present in our current society such as school failure, care of the elderly, the
promotion of the cradle to cradle economy or attention to groups at risk of social exclusion.

Creas is a hands-on investor, composed of professionals with extensive experience in the field of entrepreneurship, investment, management and strategic orientation. They work together with social entrepreneurs to obtain the best results for the companies and society, as well as to measure the impact achieved with the different projects in which they collaborate.

Luis Berruete, CEO and co-founder of Creas, affirms that “we have a lot of confidence and enthusiasm in this new Creas Impacto project, which allows us to scale the success obtained by supporting initiatives such as Bluemove and
JUMP Math that have already been internationalized”. In addition, Pedro Javier Armentia, president and co-founder of Creas, says: "the birth of Creas Impacto is a very important milestone within our organization. We are very excited and convinced that through this project, we can significantly help those companies that have emerged with the aim of improving the society in which we live.”


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