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Private Equity FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 9 SOURCES

Gawa Capital

Also known as GAWA Capital Partners SGEIC, S.A.

Madrid impact-investment manager founded in 2009; its funds lend to and take equity in microfinance, MSME lenders and agri/climate companies in Latin America, Asia and Africa.

HEADQUARTERS
Madrid, Spain
FOUNDED
2009
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
10 people

Focus

STAGES
Growth
SECTORS
FintechFood & AgricultureClimate & Energy
ASSET MIX
ImpactPrivate creditPrivate equity
GEOGRAPHY
Latin AmericaIndiaAsia-PacificAfrica

Overview

Gawa Capital was founded in 2009 by Agustín Vitórica and Luca Torre and manages impact funds that provide debt and equity to financial institutions and social enterprises serving low-income communities in developing countries. It launched Gawa Microfinance Fund (€20.4m, 2010, liquidated 2018), Global Financial Inclusion Fund (€32.3m, 2014) and Huruma Fund (€120m, 2019), advises Magallanes Impacto FIL, and is raising the climate-focused Kuali Fund (target €250m). Its manager, GAWA Capital Partners SGEIC, was entered in the CNMV register in July 2020.

Investment thesis

Regulated lenders with a green-finance focus and companies with climate adaptation or mitigation solutions for SMEs and smallholder farmers in Latin America and India; at least €40m in assets, three years of operations and positive net income; local-currency debt of €4–20m (3+3-year terms), or equity/mezzanine with a board seat, plus technical assistance.

PORTFOLIO (12)

  • WayCoolNOTABLE
    Food & Agriculture · since 2021
  • Kinara CapitalNOTABLE
    Fintech · since 2017
  • Caurie Microfinance
    Fintech · since 2022
  • ProCrédito (Mexico)
    Fintech · since 2022
  • Pahal Financial Services
    Fintech · since 2022
  • Edpyme Alternativa
    Fintech · since 2021
  • Crecer IFD
    Fintech · since 2021
  • COOPAC Norandino
    Fintech · since 2021
  • Varthana
    Education · since 2021
  • Microserfin
    Fintech · since 2017
  • Aye Finance
    Fintech · since 2019
  • Babban Gona
    Food & Agriculture

People

  • Agustín Vitórica
    Co-Founder and Co-CEO; Chairman of the SGEIC · source
  • Luca Torre
    Co-Founder and Co-CEO · source
  • Tomás Ribé
    Director of Investments · source
  • Gloria Moradas
    CFO/CRO · source
  • Irene Vázquez
    Principal · source
  • Lucía Gaitán Sánchez
    Head of Climate · source
  • Teresa Boada
    Portfolio Manager · source
  • María Fernández-Daza
    Head of Legal Department · source
  • Avishek Gupta
    Regional Advisor, Asia · source
  • Antonio Garrigues Walker
    Honorary Chairman · source

Links

Frequently asked questions

Gawa Capital is a private equity fund based in Madrid, Spain, founded in 2009.

Yes. Gawa Capital invests its own capital in private companies.

Gawa Capital invests at Growth stage in Fintech, Food & Agriculture and Climate & Energy.

Gawa Capital's stated ticket size is €4M–€20M.

Key people at Gawa Capital include Agustín Vitórica (Co-Founder and Co-CEO; Chairman of the SGEIC), Luca Torre (Co-Founder and Co-CEO), Tomás Ribé (Director of Investments) and Gloria Moradas (CFO/CRO).

Gawa Capital's investments include WayCool, Kinara Capital, Caurie Microfinance, ProCrédito (Mexico), Pahal Financial Services, Edpyme Alternativa, Crecer IFD and COOPAC Norandino, among others.

The most recent publicly reported investment by Gawa Capital is ProCrédito (Mexico) (Debt/equity investment (most recent date shown on the firm’s portfolio page)), announced in Jul 2022.

Gawa Capital states that it accepts submissions through its official contact page.

Yes. Gawa Capital manages capital from outside investors.