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2mo ago

CriteriaCaixa Creates Fund Manager and Approves €100 Million Dividend to La Caixa Foundation

The step backs a shift to steadier long-term returns to fund the foundation’s social work.

Obras del CaixaResearch Institute, ubicado frente al Museo de la Ciencia CosmoCaixa, una de las priridades estratégicas de la Fundación La Caixa
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El presidente de CriteriaCaixa, Isidro Fainé, interviene durante la presentación del nuevo Plan Estratégico 2025-2030 de CriteriaCaixa, el pasado junio, en Barcelona.

Overview

  • CriteriaCaixa has formed Criteria PE Management SGEIC in Madrid with €1 million in capital to invest in third‑party funds, and the firm still needs approval from Spain’s market regulator, the CNMV.
  • The new manager will be overseen by Criteria’s Barcelona‑based alternatives team and will build a diversified, long‑term portfolio.
  • Its mandate targets funds in Spain, Europe and North America, and the plan includes taking part in the EU’s forthcoming Scaleup Europe vehicle for tech companies, with about €750 million already committed to related investments.
  • The board also approved a €100 million dividend to its sole shareholder, the La Caixa Foundation, adding to a February payout of the same size to help finance a €710 million social budget this year.
  • These moves align with the 2025–2030 plan to deliver up to €4 billion in dividends, keep at least 10% in a liquidity bucket, and cap alternative assets at 10% of gross assets, which stood at 3.5% at the end of 2025.