private equity investmentexperienced a 34 percent decrease in 2023mobilize operations worth 6,110 million euros. This decline in the annual comparison comes considering that 2022 is a historic year for the sector, with revenues exceeding €9.2 billion, according to the latest report published by SpainCap, the employer association that brings together the main fund managers and advisors. and investors, corporate, with the help of the European Data Cooperative (EDC).
In total, the sector or sector that brings together the buying and selling of already consolidated (private equity) companies and business segments initiatives newly created (venture capital), 781 investments recorded in the last twelve monthsa decrease of 18% compared to 960 the previous year.
“2023 was a year in which economic activity decreased” global macroeconomic uncertainty. However, the confidence of international investors remains and private national managers are counting on optimism for 2024, especially from the second half of the year. Good capture of new resources has shown that: Investors (LPs) continue to invest in Spanish alternative asset managersIt continues to provide consistently high returns. We believe that there will be a turning point in 2024, which will once again demonstrate the value that private capital adds to the Spanish economy by profitably supporting innovation, employment and sustainability,” said Oriol Pinya, President of SpainCap.
The majority of the investment, approximately 80%, Starring major international executives: €4.7 billion distributed across 183 operations. Despite being the fourth best year in the historical series, these companies’ transactions have decreased since 2021, the year in which they reached their highest volume of more than 6 billion euros.
The sector, taking into account the companies in which venture capital funds are shareholders, employs more than half a million people. Since 2021, the number of professionals has increased by 6.7%; This was five percentage points above the employment growth recorded in Spain as a whole.
Fundraising remains unchanged
The most positive data for the venture capital sector is that it continues to maintain its investment appetite: In 2023 Donation (capital raising process) by private national investors It amounted to 2 billion 606 million eurosCompared to 2 billion 620 million in 2022, it is almost the same figure, except for a slight decrease. Last year was the third year with the highest number, behind only 2021 and 2022.
Among the managers who closed their fundraising processes, Arta Capital, Stellum Growth, Diana Capital, Miura, Proa Capital, Nexxus and Suma Capital stand out. private equityand Bonsai Partners, Mundi Ventures, Cardumen Capital, Inveready, Swanlaab, GoHub Ventures, Kanoar Ventures; Nzyme or Actyus, venture capital.