Q-Impact launches second fund for social and environmental SMEs

Cuatrecasas has advised the Spanish fund manager Q-Impact on the launch of its private equity fund, Q-Impact II, with a target size of €120 million. The fund, which has already been approved by the Spanish Securities and Exchange Commission (CNMV), seeks to continue supporting high-growth SMEs committed to major social and environmental challenges.

Q-Impact created a first fund in January 2020, which is almost fully invested in nine companies. This second edition already has 40% of its volume committed and aims to maintain its focus on education, social inclusion, the elderly, reducing emissions from industry and facilitating circular economy processes to reduce pollutants. In this way, it manages to differentiate itself to attract large institutional investors and contribute to the growth of impact funds in Spain, while demonstrating that private investment is a great driver of social improvement without losing profitability.

The legal team advising on the launch of this second fund was made up of Cuatrecasas lawyers Jorge Canta, Pilar Pastor and Mariano Núñez.