Queka Real Partners confirms positioning and closes second fund at €194 million

Cuatrecasas has advised Queka Real Partners, a Spanish private equity firm specializing in the lower mid-market, on closing its second fund, Queka RP PEF 2 (“Fondo 2”). The fund raised €194 million, exceeding its €175 million target.

The new fund follows the same strategy as its predecessor by investing together with committed management teams focused on growing in the lower mid-market in Spain and Portugal. The final close reflects moderate growth compared to the previous one, enabling Queka to consolidate its market position in the segment, while maintaining its investment rigor and a highly selective approach to opportunities.

Creating value

Founded in 2018, Queka has completed eight investments in sectors as diverse as education, cosmetics and software. In fact, the new fund already has two investments in food- and cosmetics-related companies. The company expects to have about 45% of the fund deployed in the coming months.

The Cuatrecasas advisory team was made up of lawyers Jorge Canta, María Corzo and Carla Rovira (Funds), and Alicia de Carlos and José Manuel de Foronda (Tax).