Institutional LPInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

Santalucía

Also known as SANTA LUCÍA, S.A., Compañía de Seguros y Reaseguros, Grupo Santalucía, Santa Lucía

Spanish insurance group (€11.2B investment portfolio, 2025) that invests in private equity, VC, infrastructure, real estate and private debt funds via its evergreen FCR managed with Altamar.

HEADQUARTERS: Madrid, Spain
FOUNDED: —
AUM: €11.2B (2025)
OUTSIDE CAPITAL: No — own capital only
TEAM LISTED: 5 people

Focus

STAGES: —
SECTORS: —
ASSET MIX: Private equityVenture capitalFunds (as LP)Private creditReal estate
GEOGRAPHY: North AmericaEurope

Investment arms & vehicles

Santa Lucía Asset Management, SGIIC, S.A.U. (Santalucía AM)
Group asset manager (100% owned per SFCR 2025); about €12B under management per Funds Society (1 Dec 2025), with plans to open the group's alternatives vehicle to outside clients
Santalucía Inversiones Alternativas, F.C.R.
Evergreen CNMV-registered fund, managed by Altamar Private Equity SGIIC, through which the group invests in private equity, venture capital, real estate, infrastructure and private debt funds, plus some direct co-investments

Overview

SANTA LUCÍA, S.A., Compañía de Seguros y Reaseguros is the parent of Grupo Santalucía, a Madrid-based insurer focused on family protection with more than 100 years of history; the group's investments other than index- and unit-linked assets were €11.15B (Solvency II value) at 31 December 2025. In November 2020 it launched Santalucía Inversiones Alternativas, F.C.R., an evergreen vehicle managed by Altamar Private Equity SGIIC that invests in private equity, venture capital, real estate, infrastructure and private debt managers, with more weight on the US and Europe. By December 2025 the vehicle held about €500M, mostly as a fund of funds with some direct co-investments, and the insurer's balance sheet held about €800M in private-market and alternative assets excluding property. The group's asset manager, Santalucía AM, manages about €12B.

PORTFOLIO (1)

Santalucía Inversiones Alternativas, F.C.R. (evergreen, managed by Altamar Private Equity SGIIC; about €500M)NOTABLE
since 2020

People

José Luis Díaz López
Chairman · source
Natalia Álvarez Calvo
Chief Executive Officer (Consejera Delegada) · source
Andrés Romero Peña
Director General and board member · source
José Manuel Jiménez Mena
Chief Financial Officer (Director General Financiero) · source
Carlos Babiano
Director General, Santalucía AM · source

Frequently asked questions

Santalucía is a institutional investor based in Madrid, Spain.

Santalucía does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.

Key people at Santalucía include José Luis Díaz López (Chairman), Natalia Álvarez Calvo (Chief Executive Officer (Consejera Delegada)), Andrés Romero Peña (Director General and board member) and José Manuel Jiménez Mena (Chief Financial Officer (Director General Financiero)).

Santalucía's investments include Santalucía Inversiones Alternativas, F.C.R. (evergreen, managed by Altamar Private Equity SGIIC; about €500M).

No. Santalucía invests its own capital and does not raise money from outside investors.