Embarcadero

Embarcadero Private Equity operates with a lean, experienced team of approximately 6 professionals based in Madrid.

The team brings extensive background in direct private equity fund management and fund-of-funds investing, providing deep insight into both the opportunity set and risk factors across the alternative investment landscape.

This hands-on operational experience allows the firm to conduct rigorous due diligence on investment managers and strategies, ensuring that Spanish clients gain access only to best-in-class private equity products.

The team's bilingual capabilities and understanding of both Spanish regulatory requirements and international private equity markets position them uniquely to bridge these two worlds effectively.

The firm's expertise spans the full private equity value chain, from initial fund evaluation and manager selection through ongoing portfolio monitoring and secondary market transactions.

This comprehensive knowledge base enables Embarcadero to serve as a trusted advisor to Spanish institutional investors, family offices, and high-net-worth individuals seeking exposure to global private equity opportunities.

Embarcadero Private Equity is a specialized placement agent and fund management company founded in 2013 with a clear mission: to bridge Spanish investors with the attractive universe of international private equity.

Based in Madrid and regulated by the CNMV (Comisión Nacional del Mercado de Valores), the firm has positioned itself as a key gateway for Spanish capital seeking access to leading placement agents and top-tier alternative investment opportunities globally.

The firm operates through a dual business model.

As a placement agent, Embarcadero collaborates with some of the world's most prominent alternative asset managers including KKR, BC Partners, Pantheon, and Ardian to distribute their products to Spanish institutional and high-net-worth investors.

This network of premier partnerships allows the firm to offer carefully curated access to international private equity strategies that might otherwise be difficult for Spanish investors to reach.

In 2019, Embarcadero took a significant strategic step by incorporating Embarcadero Capital SGEIC, S.A., a management company for closed-end investment entities (SGEIC).

This expansion enabled the firm to not only place third-party funds but also to launch and manage investment vehicles under Spanish legislation, providing domestic investors with familiar regulatory frameworks while accessing world-class investment opportunities.

The team's extensive experience in direct fund management and fund-of-funds strategies ensures deep understanding of both the opportunities and risks inherent in the private equity industry.

Embarcadero Private Equity offers three core service lines designed to serve different aspects of the private equity ecosystem:

Placement Agent Services: The firm acts as a distribution partner for leading international alternative asset managers, introducing their funds and investment products to qualified Spanish investors.

This includes ongoing fundraising support for established relationships with managers such as KKR, BC Partners, Pantheon, and Ardian, covering strategies across private equity, infrastructure, and other alternative asset classes.

Asset Management: Through Embarcadero Capital SGEIC, S.A., the firm manages investment vehicles under Spanish regulation.

The flagship product is the Embarcadero Pantheon Co-Inversión Global, FCR (Fondo de Capital Riesgo), a closed-end private equity fund structured exclusively for co-investments alongside top-tier international private equity managers.

The firm also manages Embarcadero Private Equity Premium, SCR (Sociedad de Capital Riesgo), which invests in six pre-selected funds from leading ESG-focused managers.

These vehicles allow Spanish investors to access institutional-quality private equity with familiar regulatory oversight from the CNMV.

Secondary Market Solutions: Embarcadero works with both General Partners (GPs) and Limited Partners (LPs) to provide liquidity and portfolio optimization solutions.

This includes facilitating the sale of fund positions, structuring continuation vehicles, and helping GPs restructure their investor bases.

These services address the growing need for flexibility and liquidity in traditionally illiquid private equity commitments.

Embarcadero Private Equity is headquartered in Madrid, Spain, with offices located at:

Claudio Coello 91, 5º

This central Madrid location in the Salamanca district positions the firm in the heart of Spain's financial services community, providing convenient access to institutional investors, family offices, and financial advisors throughout the country.

While the firm maintains a focused presence in Spain, its partnership network extends globally through relationships with international private equity managers across Europe, North America, and Asia.

Since its founding in 2013, Embarcadero has achieved several notable milestones that demonstrate its growing presence in the Spanish private equity market:

- January 2021: Completed the final closing of Embarcadero Pantheon Co-inversión Global, FCR at €103 million, marking Spain's first dedicated co-investment private equity fund.

This milestone was widely covered in Spanish financial media including El Economista, establishing Embarcadero as an innovator in bringing institutional co-investment strategies to the Spanish market.

- December 2020: Within its first year of operation, the Embarcadero Pantheon Co-investment fund completed 11 co-investments alongside first-class private equity firms, demonstrating rapid deployment and strong deal flow from its partnership with Pantheon and other leading managers.

- 2019: Established Embarcadero Capital SGEIC, S.A. as a CNMV-regulated management company, expanding from pure placement agency work into fund management and product creation.

This strategic evolution positioned the firm to offer Spanish-domiciled investment vehicles while maintaining access to global investment opportunities.

The firm has also facilitated specialized transactions including single-asset continuation vehicles, such as collaborating with Baring Private Equity Partners España to incorporate new investors into a continuation vehicle supporting Grupotec, a renewable energy company.

Embarcadero Private Equity occupies a distinctive niche in the private equity ecosystem as a specialist focused on the Spanish investor market.

The firm's core specialization is democratizing access to international private equity for Spanish capital, which historically has faced barriers including regulatory complexity, minimum investment thresholds, and limited local distribution of foreign funds.

The firm concentrates on several key areas:

Co-Investment Strategies: Through its partnership with Pantheon, one of the world's largest private markets investors, Embarcadero offers Spanish investors access to direct co-investment opportunities alongside buyout transactions led by premier private equity firms.

This strategy typically offers lower fees and more transparency compared to traditional fund-of-funds structures.

ESG-Focused Investing: The firm's Embarcadero Private Equity Premium, SCR vehicle specifically targets ESG (Environmental, Social, and Governance) compliant managers, reflecting growing demand from Spanish institutional investors for responsible investment approaches aligned with sustainability objectives.

Regulatory Expertise: Embarcadero's deep knowledge of both Spanish (CNMV) and international regulatory frameworks enables it to structure investment vehicles that meet local compliance requirements while accessing global opportunities.

This regulatory bridge-building is a key value proposition for Spanish investors who prefer domestic fund structures with familiar tax treatment and reporting standards.