Nortia Capital
Also known as Nortia, Nortia Capital Investment Holding, Nortia Capital Investment Holding, S.L.
Lao family holding (Cirsa founder Manuel Lao): stakes in Merlin Properties, 15% of Arcano, MyInvestor, Expertia, hotels incl. Ritz-Carlton Central Park, Spanish real estate and fund commitments.
USEFUL FOR Fund managers raising capital · Business owners seeking a long-term partner · Co-investors
Investment holding of the Lao family (Cirsa founder Manuel Lao Hernández).
Family & background
- FAMILY
- Lao
- WEALTH ORIGIN
- Founded the gaming group Cirsa (Manuel Lao Hernández), sold to Blackstone in 2018
- HEADQUARTERS
- Madrid, Spain
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- GEOGRAPHY
- SpainNorth America
- ROUTES
- Companies (own capital) · Funds (as LP)
- STRATEGIES
- Direct investmentsPublic equitiesReal estatePrivate equityVenture capital
Overview
Nortia Capital Investment Holding is the investment holding of the Lao family, chaired by Manuel Lao Hernández, founder of the gaming group Cirsa, which he sold to Blackstone in 2018. Its site groups its investments into strategic stakes (Merlin Properties, 8.17% in November 2024), venture and private-equity holdings and funds (Serena Industrial Partners, Q-Energy Fund IV, Seaya Andromeda, Hyperion Fund, McWin Food Ecosystem Fund, Arcano Partners, MyInvestor), hotels, Spanish real estate and the El Molinillo agricultural estate. In June 2025 it took a stake in Expertia Seguros, in December 2025 it sold its 5.12% of Sacyr, and in February 2026 it bought, with Mazabi, 45% of The Ritz-Carlton Central Park in New York.
Holdings & investments (21)
- Real Estate & PropTech
- Sacyr (5.12%)NOTABLEIndustrial & Manufacturing · since 2020 · Exited 2025
- Arcano Partners (15%)NOTABLEFintech · since 2023
- The Ritz-Carlton Central Park, New York (45%, with Mazabi)NOTABLEReal Estate & PropTech · since 2026
- Expertia SegurosFintech · since 2025
- Fintech · since 2023
- Serena Industrial PartnersClimate & Energy · since 2020 · Reference investor (fund commitment)
- Teleno Real Estate (10%)Real Estate & PropTech
- Pulitzer Hoteles (joint venture with Grupo Pulitzer)Real Estate & PropTech
- Hotel Don Cándido, TerrassaReal Estate & PropTech
- Edificio PG109 (Casa Seat), BarcelonaReal Estate & PropTech
- Dunique, Marbella (residential development)Real Estate & PropTech
- Campanario Hills, Estepona (residential)Real Estate & PropTech
- Terralmar, Málaga (residential)Real Estate & PropTech
- Dehesa El Molinillo (4,200-ha agricultural estate)Food & Agriculture
- Q-Energy Fund IVClimate & Energy · (fund commitment)
- Seaya Andromeda Sustainable TechClimate & Energy · (fund commitment)
- Hyperion Fund FCRDeep Tech · (fund commitment)
- McWin Food Ecosystem FundFood & Agriculture · (fund commitment)
- KC Infra (with Key Capital)Climate & Energy · (fund commitment)
- Healthcare Activos (with Altamar)
People
- Manuel Lao HernándezPresidente (Chairman) · source
Frequently asked questions
Nortia Capital is a single family office based in Madrid, Spain.
Nortia Capital invests on behalf of the Lao family (Founded the gaming group Cirsa (Manuel Lao Hernández), sold to Blackstone in 2018).
Nortia Capital invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes direct investments, public equities, real estate, private equity and venture capital.
Nortia Capital invests in Real Estate & PropTech, Climate & Energy, Fintech, Food & Agriculture and Deep Tech.
Key people at Nortia Capital include Manuel Lao Hernández (Presidente (Chairman)).
Nortia Capital's holdings and investments include Merlin Properties (8.17%, Nov 2024), Sacyr (5.12%), Arcano Partners (15%), The Ritz-Carlton Central Park, New York (45%, with Mazabi), MyInvestor, Expertia Seguros, Teleno Real Estate (10%) and Pulitzer Hoteles (joint venture with Grupo Pulitzer), among others.
The most recent publicly reported investment by Nortia Capital is The Ritz-Carlton Central Park, New York (45% of the hotel acquired by a Nortia–Mazabi consortium (JV with Panghea Capital Partners and White Bridge Capital); Gencom took the rest), announced in Feb 2026.
No. Nortia Capital invests its own capital and does not raise money from outside investors.