The State Company for Industrial Investments is a Spanish state-owned holding company that is characterized as a sovereign wealth fund. It is part of the Ministry of Finance.
SEPI was preceded by the Instituto Nacional de Industria and the Instituto Nacional de Hidrocarburos. On June 16, 1995, SEPI was created in a provisional restructure which was authorized by Decree number 5/1995. On January 10, 1996, SEPI was ratified by Act of Parliament number 5/1999. This provided for the creation of various public legal entities and the abolition of the INI and the INH. From Wikipedia
