Spanish Firm Plans Third Private Equity Fund

Nmás1, a Spanish firm focused on alternative investments and wealth management, will launch its third private equity fund, probably in December. Its second is almost fully invested, with E200 million under management, and the third is likely to be larger, with a target of E300 million, according to an official at the firm.

The firm is in expansion mode and will grow its Madrid head office. It plans to make hires at director, vice president and associate level, and is seeking individuals fluent in Spanish and with a background in corporate finance, private equity or other alternatives.