Summary
- Herbert Smith Freehills Kramer has successfully advised COFIDES on its €30 million limited partnership investment in Mustard Seed + Partners Fund I, a thematic private equity fund aiming to raise €300 million.
- The investment is part of Spain’s Recovery, Transformation and Resilience Plan, financed by NextGenerationEU, and focuses on companies generating social and environmental impact.
- The fund targets mid-market growth companies aligned with megatrends such as energy transition and resource efficiency, co-founded by seasoned investors from KKR, Goldman Sachs, and others.
- This transaction highlights the increasing importance of development finance institutions in European private equity and the need for sophisticated legal frameworks for cross-border mandates.
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