Itzarri EPSV
Also known as Itzarri EPSV de Empleo, Itzarri Enpleguko BGAE
Vitoria-Gasteiz employment pension fund (EPSV) for staff of the Basque general and institutional administration; €1.4bn assets end-2024; LP in Easo Ventures II and other private-equity funds.
- HEADQUARTERS
- Vitoria-Gasteiz, Spain
- FOUNDED
- 2005
- AUM
- €1.4B (2024)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 1 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Public equitiesPrivate equityVenture capitalReal estate
- GEOGRAPHY
- SpainEurope
Overview
Itzarri EPSV de Empleo is the voluntary social-welfare entity (Entidad de Previsión Social Voluntaria) that runs the pension plan for workers of the general and institutional administration of the Basque Country, based in Vitoria-Gasteiz. It started in April 2005 with about €10M and ended 2024 with €1,401.8M in assets and 128,851 members; its General Assembly is chaired by the Basque Government's councillor for Governance, Digital Administration and Self-Government. Its investment principles allow up to 15% of assets in hedge funds and venture or private-equity funds. Its portfolio presented to the April 2023 General Assembly showed €87M (8.3%) in private equity (“Capital Riesgo”) and €77M in real estate and infrastructure.
PORTFOLIO (1)
- since 2021
People
- Maria UbarretxenaChair of the General Assembly (Basque Government councillor for Governance, Digital Administration and Self-Government) · source
Links
Frequently asked questions
Itzarri EPSV is a institutional investor based in Vitoria-Gasteiz, Spain, founded in 2005.
Itzarri EPSV does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Key people at Itzarri EPSV include Maria Ubarretxena (Chair of the General Assembly (Basque Government councillor for Governance, Digital Administration and Self-Government)).
Itzarri EPSV's investments include Easo Ventures II, S.C.R. (fund commitment).
No. Itzarri EPSV invests its own capital and does not raise money from outside investors.