Inveready distribute among its partners a total of 11 million euros in dividends. The Inveready Company
Asset Management exceeds 400 million euros under management, through three investment vehicles, with an increase in managed funds of 103% compared to 2018.
During 2019, the company has successfully closed two new 'venture capital equity' vehicles: Inveready Biotech III, and Inveready First III and, launched the third vehicle in the vertical of hybrid instruments, Inveready Venture Finance III, specialized in investment in technology-based companies through a hybrid debt and equity instrument, as well as the first vehicle of the 'private equity' group, Gaea Inversión.
"The fundraising processes of all these vehicles are closing in a Record time with a very high repetition rate by investors existing in previous vehicles. This demonstrates the consolidation of an investment model, which translates into the confidence that our investors place in us, "says Ignacio Fonts, CEO of Inveready.
The dividend of 11 million euros will be distributed during these Christmas holidays to Inveready investors from Inveready Venture Finance I, Inveready Biotech II and Inveready First Capital II vehicles, thanks to different divestments made by the group in the last quarter of this year. These distributions reflect the
"solid performance that all the verticals managed by the group are having – information technologies, biotechnology, hybrids – generating positive returns to their investors in all cases, consolidating Inveready as one of the most successful fund managers in Europe," according to group statement.
To date, Inveready has performed more than 25 divestments with operations with high returns such as Password Bank, acquired by Symantec; Indisys purchased by Intel; Avizorex, which happened to Aerie or 3scale, acquired by Red Hat / IBM, among others. The pace of divestments has increased in 2019, allowing the group to reach the aforementioned profitability quotas through an active dividend policy.
Currently, Inveready invests in newly created technology companies through four specialized verticals (information technologies, life sciences, venture debt and hybrid financing – debt and capital – for listed companies) and has more than € 400 million of assets under management.
During the last 11 years, the fund manager has completed successful divestments in more than 20 start-ups, some of them acquired by multinationals such as Intel, Symantec Y Red hat (IBM), and others
listed on markets such as Ibex 35, NASDAQ or MAB.
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