King & Wood Mallesons (KWM) has advised the private equity firm GPF Capital (GPF) on the structuring and closing of its third fund, GPF Capital III Partnership Fund, with investment commitments of 300 million euros. This new fund will focus on the investment in small and medium-sized companies in Spain and its investors include Spanish, US and 14 Latin American family offices that had already participated in GPF I and GPF II.
A new feature in this fund is its strategy, as the investment of GPF in its portfolio companies could be indefinite and not limited to five years. Furthermore, GPF may invest up to a 20% of GPF III outside Spain with the support of the international family offices present in its funds.
GPF will also be able to consider investments in the real estate sector, for which KWM has also coordinated the work of structuring the parallel fund GPF Capital III Real Estate Fund.