About This Fund
GAEA Inversión is a Spanish private equity fund structured as a Sociedad de Capital Riesgo (SCR) and managed by Inveready Asset Management SGEIC. Launched in September 2019 and completing its first close of €55 million in January 2020, the fund reached its €110 million target with cornerstone backing from the European Investment Fund and high-net-worth investors distributed by Andbank España. Registered with Spain's CNMV, GAEA represents Inveready's inaugural PE vehicle dedicated to the Spanish mid-market segment.
GAEA Inversión targets Spanish SMEs with revenues of €10–100 million and EBITDA of €1–20 million, deploying equity tickets of €2–20 million per investment across a portfolio of 10 to 15 companies valued between €5 million and €75 million. The fund operates with a flexible transaction model combining majority and minority equity positions alongside hybrid debt-equity instruments, enabling structures tailored to each company's growth, internationalisation, or succession objectives. Sector-agnostic and Iberia-focused, GAEA's active ownership approach targets an underserved gap in the Spanish lower mid-market where limited institutional PE capital has historically been available.
Since deploying its first capital in 2020, GAEA has built a portfolio of more than 15 companies spanning technology and telecoms (GIGAS Hosting, Grupo Ticnova), food retail (Grupo Uvesco), biopharma (BDI Biotech), hospitality (Alda Hotels), advanced manufacturing (Argomániz), sports leisure (360 Padel Group), and electric mobility (QEV Technologies). The fund is led by founding partners Josep Maria Echarri and Carlos Conti, who together have executed over 50 private capital transactions in Spain. As of 2026, GAEA is in its harvesting phase with four exits recorded, validating its thesis in a segment of the Spanish economy long underserved by institutional capital.