Creand Crèdit Andorrà Partners with Crescenta to Offer Private Equity Fund

Creand Crèdit Andorrà has partnered with Spanish digital asset manager Crescenta through a distribution agreement, enabling the bank to offer its flagship private equity fund to wealth management clients for the first time.

The product, Crescenta Private Equity Growth Top Performers III, invests in established companies—or those nearing profitability—that show strong growth prospects. It deploys capital to fuel organic or inorganic expansion, targeting long-term value. As with such investments, risks include possible capital loss, extended holding periods, and low liquidity.

This marks Creand's initial offering of a pure "growth" fund, broadening its private equity lineup via Crescenta's technology-driven selection process. For Crescenta—a CNMV-regulated firm managing €250 million for more than 4,200 investors—the deal is its first with a bank, following prior work with advisory firms and securities agencies. The fund delivers exposure to advanced-stage technology companies through vetted international funds, balancing operational reliability with revaluation upside. It is registered with the Andorran Financial Authority under number EB02-0035.

Guillem Escabrós, Creand's head of private equity and private debt, noted that the agreement provides wealth management clients access to assets rising in investor demand. He emphasized Crescenta's portfolio-building approach matching the bank's quality criteria as it aims to grow distinctive offerings.

Ramiro Iglesias, Crescenta CEO and co-founder, called the partnership recognition of its product quality. It expands reach to new investors in Spain and Andorra, with Creand positioned as a key ally for ongoing synergies.