Azahar Global Capital
Family office and investment vehicle of Primafrío co-founder Juan Conesa Alcaraz; invests via funds and minority co-investments above 5%; reported €60M investment in Stoneweg (Sept 2025).
USEFUL FOR Fund managers raising capital · Co-investors
Family & background
- FAMILY
- Conesa (Juan Conesa Alcaraz)
- WEALTH ORIGIN
- Primafrío (temperature-controlled logistics; co-founder)
- HEADQUARTERS
- Spain
Investment approach
- ROUTES
- Companies (own capital) · Funds (as LP)
- STRATEGIES
- Venture capitalDirect investmentsFunds (as LP)
- LATEST DEAL
- Stoneweg · Sep 2025
- INBOUND
- Warm intros only
Overview
Azahar Global Capital is the investment vehicle of Juan Conesa Alcaraz, co-founder of the temperature-controlled logistics group Primafrío. Its team says the family office was professionalised after part of Primafrío was sold to Apollo in 2022. It invests through funds and through co-investments above 5% without taking control, is active in venture capital across sectors from foodtech to video games and electric vehicles, and refers logistics deals to Primafrío. In September 2025 Iberian Property reported that it had invested €60M in Stoneweg, which had merged with Icona Capital to form the alternative investment platform SWI Group.
Investment thesis
Minority positions (co-investments above 5%, without control) and fund investments, selected on return; deals mostly come recommended through a panel of trusted contacts and managers such as Cardumen.
Holdings & investments (1)
- Stoneweg (€60M investment)NOTABLEsince 2025
People
- Fernando PérezHead of organisation and investment analysis · source
Frequently asked questions
Azahar Global Capital is a single family office based in Spain.
Azahar Global Capital invests on behalf of the Conesa (Juan Conesa Alcaraz) family (Primafrío (temperature-controlled logistics; co-founder)).
Azahar Global Capital invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes venture capital, direct investments and funds (as lp).
Azahar Global Capital invests in Food & Agriculture, Media & Entertainment and Mobility & Logistics.
Key people at Azahar Global Capital include Fernando Pérez (Head of organisation and investment analysis).
Azahar Global Capital's holdings and investments include Stoneweg (€60M investment).
The most recent publicly reported investment by Azahar Global Capital is Stoneweg, announced in Sep 2025.
Azahar Global Capital states that it reviews opportunities through introductions only.