Dunas Capital Alternatives
Alternative-investments management company of (100% held by Dunas Capital Servicios Generales per CNMV register tab, no stable link) Grupo Dunas Capital
Also known as Dunas Capital Alternatives, S.G.I.I.C., S.A.U., Dunas Capital Alternative Investments
Madrid alternatives manager of the Dunas Capital group (CNMV SGIIC no. 9) running closed-end funds in commercial aircraft, renewable energy, education vehicles and impact investing.
Spanish alternatives arm of Grupo Dunas Capital (Madrid). Not Heed Capital (Portugal).
- HEADQUARTERS
- Madrid, Spain
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- —
Focus
- STAGES
- —
- ASSET MIX
- Private equityImpact
- GEOGRAPHY
- SpainGlobal
Overview
Dunas Capital Alternatives is the closed-end funds manager of Grupo Dunas Capital, an independent Madrid platform managing securities, real-estate and alternative assets. Its registered vehicles cover commercial aircraft leased to airlines (Dunas Aviation I reached a final close of €104m; Dunas Aviation II, launched 2026, targets €150–200m), renewable energy, education vehicles and an impact fund. Dunas Absolute Impact FCR invests in sustainable agriculture, agrifood and social enterprises such as special employment centres in disadvantaged areas of Spain; in January 2025 it lent €1.3m as a participative loan to La Hormiga Verde.
Investment thesis
Impact investments in sustainable agriculture, agrifood and social enterprises (special employment centres) in disadvantaged areas of Spain, plus commercial aircraft leased long-term to international airlines.
PORTFOLIO (1)
- La Hormiga VerdeClimate & Energy · since 2025
Links
Frequently asked questions
Dunas Capital Alternatives is a private equity fund based in Madrid, Spain.
Yes. Dunas Capital Alternatives invests its own capital in private companies.
Dunas Capital Alternatives invests in Mobility & Logistics, Climate & Energy, Food & Agriculture and Education.
Dunas Capital Alternatives's investments include La Hormiga Verde.
The most recent publicly reported investment by Dunas Capital Alternatives is La Hormiga Verde (Participative loan (€1.3m from Dunas Absolute Impact FCR)), announced in Jan 2025.
Yes. Dunas Capital Alternatives manages capital from outside investors.