Ithaka Infrastructure Partners

Ithaka Infrastructure Partners is an investment manager specializing in providing flexible capital to European mid-market infrastructure opportunities. The firm's investment strategy focuses on assets that offer high current distributions, robust downside protection, and multiple avenues for value creation, aiming to generate superior returns for its institutional partners across various market cycles. They achieve this through thematic sourcing driven by evolving market dynamics and a flexible capital mandate, applying a strict underwriting framework to meet their target returns without assuming incremental risk.

The firm was established in 2014 and is regulated by the CNMV (Comisión Nacional del Mercado de Valores) with register number 233. Ithaka Infrastructure Partners' name is chosen to reflect its investment approach, embodying endurance, adaptability, disciplined execution, and clarity of purpose. The firm operates with offices in Madrid, Spain, and Luxembourg.

Ithaka Infrastructure Partners invests across a diversified range of infrastructure sectors, including energy and environmental, digital, social, urban, and sports infrastructure. Notable investments include a portfolio of European hydro assets (invested 2019, exited 2023), a European minority equity investment in the water sector (invested 2018, exited 2022), and a portfolio of European sports centers concessions (invested 2020). More recently, in 2024, the firm entered into a structured strategic partnership with FC Porto to operate the Dragao Stadium, involving a €65 million investment and a 30% economic right in a new company managing stadium revenues over 25 years.

The leadership team includes co-founders Alejandro Seco, who serves as CEO and CIO, and Esther Adroher, the Chief Legal Counsel and Chief Sustainability Officer. The team also comprises principals, associates, an operating partner, a head of investor relations and capital formation, legal counsel, and senior advisors, bringing diverse expertise to the firm's investment and operational strategies.