The Spanish National Securities Market Commission (CNMV) downplays the risk of private debt funds, an investment instrument currently experiencing a crisis in the United States, with limited liquidity for investors in some cases, such as a playpenIn Spain, only eight of these free collective investment instruments operate, with a total of €913 million. This figure represents less than 1% of the total assets of this type of fund. In fact, the stricter controls primarily affect those acting as lenders, which have a quarterly or monthly liquidity window—shorter than other funds—for investors to withdraw their money. It does not affect free investment funds that invest in stocks, real estate, and other assets. Furthermore, there are practically no individuals or families among the capital of these free investment funds; the vast majority are institutional or professional investors, according to sources at the stock market regulator. The limited impact of these instruments, which manage around two trillion dollars in the US and have experienced periods of withdrawal restrictions, is due to European regulations and the oversight exercised by the CNMV (Spanish National Securities Market Commission). This structure, which provides loans to companies in exchange for offering participants higher returns in exchange for greater risk than other financial assets, also has many individual investors in the US. In Europe, it generally has a smaller presence.

The investment fund Ysios Capital has closed a purchase agreement with the Swiss multinational CSL for a maximum price of 2.2 billion dollars (about 1.862 billion euros) for its start-up VarmX, the fund reported in a statement on Tuesday.

The American investment fund Carlyle has hired the banks Santander and Morgan Stanley to advise it on the sale of the wine group Raventós Codorníu, of which it controls 68% of the capital, it announced this Monday. Expansion and has confirmed the ARA.

The pandemic boosted investment in the healthcare sector, achieving unprecedented levels, but Catalan companies are struggling to attract local investors. Catalan funds disbursed €158 million in 2024, but only allocated 19% of this to Catalonia, according to a report prepared by Catalonia.Health and EY. This represents approximately €30 million. This proportion has also been declining in recent years, compared to 30% in 2023 and 51% in 2022.