Family offices are the primary source of total funds raised by domestic private entities. As regards capital raised by Spanish private PE&VCs, by type of investor (LP), family offices stood out –they were the main source of new funds for the third consecutive year–, accounting for 34.5% of the €2,620M raised in 2022. Specifically, Spanish family offices contributed €819,5M compared to €84M by international family offices, reflecting the renewed appetite for this asset (in the last five years, Spanish family offices have contributed around 27% of new funds raised), making them the leading LP in funds raised by Spanish private Venture Capital and Private Equity GPs. New funds raised by Spanish private VC&PEs in 2022, by type of investor (LP) Private Equity Funds Venture Capital Funds Source: SPAINCAP/webcapitalriesgo 6.4% 4% 3% 2% 7% 6% 11% 0% 8% 23% 37% 31% 23% 3% 2% 2% 2% 0% 0% 29% 40% 35% 30% 25% 20% 15% 10% 5% 0% Financial Institutions Pension funds Insurance Companies Fund of funds Corporate investors Family office Government agencies Other asset managers Other Sovereign wealth funds Read more Fundraising