New venture capital fund to provide solutions for disadvantaged groups

2023-10-19T13:35:00
Spain
Cuatrecasas advises Tressis Gestión on the launch, together with AYO Social Ventures, of a venture capital fund for disadvantaged groups
New venture capital fund to provide solutions for disadvantaged groups
October 19, 2023
Cuatrecasas has advised Tressis Gestión, who partnered with AYO Social Ventures to launch a venture capital investment fund Ayo Impact on People I FCR, aimed at raising €25–30 million. Tressis Gestión will act as the fund manager while Ayo Social Ventures, a subsidiary of the NK5 Group, will provide extensive experience in the entire investment cycle.

With a clear strategy combining attractive financial profitability and measurable social impact, Ayo Impact on People I plans to invest in 30 companies that promote social welfare and dedicate all or part of their activity to resolving problems related to disadvantaged groups, such as those in situations of vulnerability and social marginalization and exclusion, facing additional difficulties in accessing the opportunities and resources necessary for a full and decent life.

The company selection process will be based on sound criteria of social impact and clear economic potential to ensure that the investments generate tangible benefits for both the investors and disadvantaged groups.

The Cuatrecasas of team of fund formation experts was led by partner Miguel Sánchez and lawyers Idoia Astrain and Juan Manuel Navajas.

October 19, 2023