• This new document is a valuable resource to facilitate dialog between fund managers and investors

This morning, the Spanish Venture Capital & Private Equity Association (ASCRI) and Cuatrecasas presented the “Good practice guidelines for investors and private equity entities in Spain” at the Cuatrecasas Madrid office. A pioneering document for this sector in Spain, it aims to provide these entities with stability for successful investment strategies.

As Miguel Zurita, ASCRI chair, stated: “In the sector’s current process of expansion and incorporation of new investors, we thought it would be useful to prepare this handbook of good practices, whose immediate goal is to facilitate dialog between fund managers and investors. We are an industry with the combination of all our parties’ interests at our core, and this document is intended to provide guidelines so they can organize their relationships constructively and consider all the necessary elements to maintain a long-term alignment.”

This way, the Spanish private equity sector complies with the regulations already established in Europe, where this type of resources have existed for several years, and which are vital to foster a good relationship between fund managers and investors based on trust, transparency and the balance of interests.

Rafael Fontana, Senior Partner at Cuatrecasas, explained: “Publishing the good practices guidelines is a milestone for our country’s private equity industry and shows it is a mature sector that has practically and constructively included the base for negotiation between investors and fund managers in this document, aligning the interests of both sides and promoting transparency for investors.”