MADRID, 13 May. (EUROPA PRESS) –
The firm specialized in wealth advisory Southway Capital announced this Monday its registration with the National Securities Market Commission (CNMV) as an asset management company, while Iñigo Gómez-Pineda Fagalde and Lucas García-Noblejas will be at the head of it. Carrasco as managing partners.
The company, founded in 2005 and which has an advised asset of 900 million euros, has detailed in a press release that the first two investment vehicles, one of venture capital (‘private equity’ in the jargon) and another of real estate (real estate), set out with the mission of reaping commitments worth more than 100 million euros.
Specifically, the first fund – called ‘Southway Capital Funds I, SCR’ – will be a fund of funds with a target size of 60 million euros and whose strategy will consist of investing mainly in ‘buyout/growth’ funds and infrastructure, complemented by a lower exposure in private debt and venture capital funds.
The geographical focus is between the United States and Europe and will invest mainly in primary, but also through secondary funds and co-investments.
For its part, the second fund – called ‘Southway Capital Real Estate Fund I’ – will be a vehicle with a target investment volume of 40 million euros whose portfolio is made up of profitable assets with operators with long-term contracts and with a focus in the industrial, retail, logistics, hotel and new residential models.
For this vehicle, Southway Capital has real estate advice from AIGA Advisory, the alternative investment and real estate division of A
The managing partner and head of investments at Southway Capital, Lucas García-Noblejas, explained that the long-term objective is to become a multi-strategy manager.
“We will have new vintages from the fund of funds and the real estate fund but we will also launch direct investment vehicles in companies, something that we already do in a private capacity since we currently manage our own portfolio of invested companies,” the executive said.