The E150m fund will invest in unquoted European telco and Internet companies.
Research by Capital DATA for The Wall Street Journal Europe puts the investment bank in first place in terms of value of stock brought to market but ranks it tenth in terms of stock performance.
SPEF II, which has beaten its initial target by E100m, is the largest Spanish fund to date.
The group’s global technical and professional directors are buying the company.
The survey reveals that approximately one per cent fewer funds are investing in private equity but that the amount invested has increased to £2.8bn from £2.525bn last year.
Brainspark and Royal & Sun Alliance’s Global Ventures unit have formed a strategic relationship in order to explore ‘innovative new business models in the field of technology and financial services.’
The latest Initiative Europe focus report says that private capital is increasingly being raised for investment in European technology companies despite turbulence in the world’s public markets.
nCoTec will offer the software company both financial and operational support.
IBM will provide technical support, geared specially to start-ups, for bmp AG and its associated companies.
The fund will focus on investments in Poland, Hungary and other Central European countries.