Tresmares Capital

Tresmares Capital is a pan-European alternative investment firm dedicated to fostering the growth of high-potential small and medium-sized enterprises (SMEs) and providing tailored financial solutions to private equity managers. The firm operates across four main strategies: Private Equity, Direct Lending, Fund of Funds, and Fund Financing. Through its Private Equity arm, Tresmares takes minority stakes in SMEs, aiming to act as a strategic partner to support their professionalization and accelerate growth. Its Direct Lending strategy offers customized financing, including amortizing and bullet tranches, to fund various needs such as acquisitions, capital expenditures, M&A activities, and dividends.

Founded in 2020, Tresmares Capital officially launched with the strategic backing of Banco Santander, building upon its origins as Q-Capital, a private equity division established in 2014. This collaboration with Santander has been pivotal to its expansion, with Santander becoming the majority shareholder in 2025. The firm was established with the vision of becoming a leading alternative financing platform, offering a comprehensive range of financial products to meet the diverse needs of SMEs throughout their development stages.

Tresmares Capital has made over 100 investments across various sectors. Its portfolio includes companies such as Convey, a business productivity software provider, Grupo FIRE Manufacturing, and Tiny Turners Nurseries. Other notable investments span industries like IT consulting and outsourcing (Factum IT), footwear (Arneplant), and include companies like Garnica, Logalty, Salupro, Partner, Puragen, and CICROSA HIDRAULICA.

Tresmares Capital boasts a team of over 60 professionals with extensive experience in private capital and SME investment. The leadership includes key figures such as CEO Borja Oyarzábal and President Borja Pérez, who have a long history in the investment sector, including their involvement in the development of Qualitas Equity. The team's diverse expertise across private equity fund management, direct financing, and transaction structuring enables Tresmares to provide flexible, transparent, and bespoke financial solutions to its clients.