Qatar Investment Authority and COFIDES Launch 300 Million Euro Joint Fund for Spain’s Green and Digital Transition

Qatar Investment Authority and Spanish state financial institution COFIDES have announced the launch of a joint 300 million euro investment fund to support Spain’s green transition and digital transformation.

The new fund named Ispania Growth Fund will focus on investing in Spanish small and medium-sized enterprises operating in sectors crucial to the country’s economic future. The initiative represents a significant milestone in strengthening economic ties between Qatar and Spain while supporting innovative companies driving sustainable development.

Portobello Capital a leading Spanish asset manager will manage the fund. The Madrid-based firm oversees approximately 4.5 billion euros in assets and specializes in technology education and IT businesses. The fund will primarily target high-impact scalable investment opportunities that align with Spain’s broader economic transformation agenda.

COFIDES will participate through its Co-investment Fund known as FOCO which aims to attract international capital to strategic sectors considered key drivers for Spain’s future competitiveness. This public investment vehicle has proven successful in bringing international investors to support promising Spanish companies.

Mohammed Saif Al Sowaidi CEO of QIA emphasized the partnership’s importance stating that it seeks to support companies at the forefront of Spain’s economic transformation and demonstrates QIA’s strong belief in Spain’s economic strength. He noted that the collaboration will focus on innovative technology-driven sectors that will shape Spain’s economy for years to come.

Angela Perez Chair and CEO of COFIDES described the initiative as deepening their alliance with QIA and representing a major milestone in their co-investment strategy with leading international partners. She highlighted that this further proves FOCO’s success as a tool for attracting international investors to scale up high-potential Spanish companies.

Inigo Sanchez-Asiain founding partner at Portobello Capital expressed pride in partnering with QIA and COFIDES noting that the initiative reflects a shared commitment to strengthening Spain’s economic transformation by supporting innovative companies. He emphasized their readiness to deploy local expertise and investment platforms to help scale businesses driving the green and digital transition.

The fund aims to create jobs accelerate regional development and contribute to the resilience of Spain’s SME sector while aligning with national economic priorities. The investments will focus on future-shaping industries supporting growth and helping develop the next generation of national champions.

The term Ispania serves as a distinctive international reference to Spain combining its historic European roots with natural alignment to the Arabic pronunciation of the country. This reflects the fund’s ambition to act as a cultural and investment bridge between Qatar and Spain through co-investments in fields of mutual interest.

Qatar Investment Authority founded in 2005 manages state reserve funds and ranks among the largest and most active sovereign wealth funds globally. The organization invests across various asset classes and regions partnering with leading institutions worldwide to build a diversified investment portfolio with long-term perspective.

COFIDES established in 1988 manages public investment funds on behalf of the Spanish government along with its own resources and those of third-party institutions. The organization’s mission focuses on providing financial support to private sector projects that contribute to internationalizing the Spanish economy attracting foreign investment into strategic sectors and promoting sustainable development.

This partnership demonstrates QIA’s position as a long-term investor committed to supporting innovative companies equipping Spain’s economy through digital and green transitions while reinforcing the Gulf region’s continued active investment approach despite current economic pressures.