Nao Sustainable Asset Management has launched its first fund after having obtained the authorisation of the Spanish National Securities Market Commission (CNMV).
Nao Europa Sostenible, a European equity fund whose launch was announced last May, aims at investing in companies with revaluation prospects in the mid to long term, that meet ESG investment criteria.
The fund will count on a first investment of €20m from the Zriser Group, Nao’s main shareholder formed by Pablo and Ana Serratosa.
Nao Sustainable Asset Management was launched last May as the first manager in Spain managing all its funds with ESG criteria.
Pablo Cano Escoriaza is the firm’s investment director, who joined Nao from Bankinter where he worked as an equity manager. Prior to that, he worked at Aviva, first as an equity manager, and later, as the firm’s equity director in Spain.
Nao had announced in May that its first strategy would be a European equity fund that would be followed by the launch of a sustainable mixed fund.