About This Fund
Alantra Private Equity is the inaugural private equity fund managed by Alantra, one of Spain's most established independent alternative asset managers founded in Madrid with over three decades of experience in the Iberian mid-market. The first fund, launched in 2002, raised EUR 176 million in institutional capital and co-invested alongside Dinamia, a listed Spanish investment vehicle, to back mid-market growth companies at a time when the private equity industry in Spain was still nascent. This inaugural fund established the foundation of Alantra's private equity franchise, which has since grown to manage four successive funds and over EUR 1.3 billion in committed capital.
Alantra Private Equity's investment thesis focuses on Iberian companies—primarily Spanish, with some Portuguese exposure—operating in the lower and middle market with enterprise values between EUR 50 million and EUR 300 million. The strategy targets profitable businesses in high-growth sectors where Alantra can act as a strategic and operational partner to management, driving value through internationalization, M&A bolt-ons, and efficiency improvements. Core investment themes include food and beverage, industrials, business services, and healthcare, reflecting the structural strengths and specializations of the Iberian economy.
Alantra, formerly known as N+1 before its 2015 rebranding, is headquartered in Madrid and operates investment banking and alternative asset management businesses across more than 20 countries. The private equity team has invested in over 60 Iberian companies over three decades, building deep relationships with business owners, family groups, and management teams across Spain. The first fund was followed by Fund II (2008 vintage, $448M), Fund III (EUR 450 million hard cap, 2017 vintage), and Fund IV (targeting EUR 340 million), each demonstrating the franchise's ability to generate superior risk-adjusted returns in the Iberian market.