Miura, the Spanish lower mid-market private equity firm, has closed its second fund at its hard cap of €200m.
Investors in the fund include European and North American pension funds, funds-of-funds, asset managers and family offices.
The new fund will continue Miura’s existing strategy of investing between €10m and €30m in Spanish and Portuguese businesses with sales of more than €25m and Ebitda greater than €3m.
With the close of its second fund, Miura has promoted Jordi Alegre to partner and recruited Juan Eusebio Pujol as operating partner.
Alegre previously worked at Mercapital, while Pujol has advised several of Miura’s portfolio companies on operating matters in recent years.
Miura’s first fund currently owns 15 portfolio companies, including bolt-ons.