Key Takeaways
- • Creand AM launched a €25 million fund of funds dedicated to technology venture capital investments in the U.S., advised by Blue Opal, marking the firm's first dedicated growth fund offering for Wealth Management clients.
- • The fund targets early-stage technology ventures with a U.S.-focused investment mandate, expanding Creand's alternative asset class capabilities beyond its existing private equity platform.
- • Creand simultaneously entered a distribution partnership with Crescenta to offer Crescenta Private Equity Growth Top Performers III, its first pure growth private equity fund to Wealth Management clients in Spain and Andorra.
- • The dual expansion reflects institutional demand for diversified alternative investment solutions, with Creand positioning itself as a multi-asset platform for high-net-worth and institutional investors across Southern Europe.
Summary
Creand AM, the asset management subsidiary of Andorran financial services group Creand Crèdit Andorrà (founded 1950), has launched a €25 million technology-focused venture capital fund of funds targeting U.S.-based investments. The fund operates under the advisory guidance of Blue Opal and represents Creand's strategic entry into dedicated growth equity offerings for its Wealth Management client base.
The fund targets early-stage technology founders and ventures with sector-agnostic exposure but maintains a core U.S. geographic focus. This represents a material expansion of Creand's alternative investment offering, which previously concentrated on private equity and select venture capital exposure through its broader investment platform.
Complementing this venture capital initiative, Creand entered a distribution partnership with Crescenta, Spain's digital asset manager specializing in private capital funds. Under this agreement, Creand will distribute Crescenta Private Equity Growth Top Performers III to its Wealth Management clients. Guillem Escabrós, Head of Private Equity and Private Debt at Creand Crèdit Andorrà, noted that the partnership enables clients to access "a pure growth fund" addressing increasing demand for growth private equity exposure. The agreement marks Crescenta's first banking distribution partnership, expanding its reach beyond financial advisory firms and securities agencies into the institutional wealth management channel across Spain and Andorra.
Ramiro Iglesias, CEO and Co-founder of Crescenta, highlighted that the partnership provides access to a new investor base seeking portfolio diversification, enabling cross-border expansion into the Andorran market. Both initiatives underscore competitive positioning within the Southern European wealth management sector, where demand for differentiated alternative asset access continues to strengthen among high-net-worth investors.
The fund targets early-stage technology founders and ventures with sector-agnostic exposure but maintains a core U.S. geographic focus. This represents a material expansion of Creand's alternative investment offering, which previously concentrated on private equity and select venture capital exposure through its broader investment platform.
Complementing this venture capital initiative, Creand entered a distribution partnership with Crescenta, Spain's digital asset manager specializing in private capital funds. Under this agreement, Creand will distribute Crescenta Private Equity Growth Top Performers III to its Wealth Management clients. Guillem Escabrós, Head of Private Equity and Private Debt at Creand Crèdit Andorrà, noted that the partnership enables clients to access "a pure growth fund" addressing increasing demand for growth private equity exposure. The agreement marks Crescenta's first banking distribution partnership, expanding its reach beyond financial advisory firms and securities agencies into the institutional wealth management channel across Spain and Andorra.
Ramiro Iglesias, CEO and Co-founder of Crescenta, highlighted that the partnership provides access to a new investor base seeking portfolio diversification, enabling cross-border expansion into the Andorran market. Both initiatives underscore competitive positioning within the Southern European wealth management sector, where demand for differentiated alternative asset access continues to strengthen among high-net-worth investors.
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