Oquendo Capital
Also known as Oquendo, OQUENDO CAPITAL, SGEIC, S.A.
Madrid private debt manager founded in 2007; provides senior debt, mezzanine, PIK and preferred equity of €2M–€40M to lower-mid-market companies in Spain, France, Italy and Portugal.
- HEADQUARTERS
- Madrid, Spain
- FOUNDED
- 2007
- AUM
- €1.1B (2025)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 10 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private credit
- GEOGRAPHY
- SpainFranceItalyPortugal
Overview
Oquendo Capital is an independent private credit manager founded in Madrid in 2007 by Alfonso Erhardt and Daniel Herrero and owned by its management team. It finances family-owned and private-equity-owned companies with EBITDA of €2M–€40M for buy-outs, growth and shareholder reorganisations, using senior debt, mezzanine, PIK loans, preferred equity and minority stakes. It runs senior debt (€460M, two funds), flexible capital/junior debt (€675M, four funds) and Impulsa small-business (€60M) strategies, with offices in Madrid, Paris and Milan, and reports more than €1.2bn invested in over 100 companies.
Investment thesis
Long-term senior and junior private credit across the capital structure for profitable market leaders with committed shareholders and professional management; generalist; LBO, growth and shareholder restructurings in Spain, France, Italy and Portugal.
PORTFOLIO (9)
- SynergymConsumer & E-commerce · since 2025
- CermerIndustrial & Manufacturing · since 2025
- AquanariaFood & Agriculture
- BabariaConsumer & E-commerce
- ProfandFood & Agriculture
- VibiaConsumer & E-commerce
- ContenurIndustrial & Manufacturing
- RotecnaIndustrial & Manufacturing
- GTT
People
- Alfonso ErhardtFounding Partner · source
- Daniel HerreroFounding Partner · source
- Cyril De GaleaPartner, Head of France · source
- Paolo ManciniPartner, Head of Italy · source
- Rocío GoenecheaPartner, Head of Investor Relations and Fundraising · source
- Leticia BuenoPartner, Co-Head of Junior Debt · source
- Miguel González-MoyanoPartner, Co-Head of Senior Debt · source
- Gonzalo LiñanPartner, Co-Head of Senior Debt · source
- Miguel Giménez de CórdobaPartner, Head of Impulsa · source
- Manuel MartosOperating Partner · source
Links
Frequently asked questions
Oquendo Capital is a private equity fund based in Madrid, Spain, founded in 2007.
Yes. Oquendo Capital invests its own capital in private companies.
Oquendo Capital invests at Growth and Buyout stages.
Oquendo Capital's stated ticket size is €2M–€40M.
Key people at Oquendo Capital include Alfonso Erhardt (Founding Partner), Daniel Herrero (Founding Partner), Cyril De Galea (Partner, Head of France) and Paolo Mancini (Partner, Head of Italy).
Oquendo Capital's investments include Synergym, Cermer, Aquanaria, Babaria, Profand, Vibia, Contenur and Rotecna, among others.
The most recent publicly reported investment by Oquendo Capital is Synergym (Syndicated financing (€50M with Santander, CaixaBank, BBVA, Unicaja)), announced in Nov 2025.
Yes. Oquendo Capital manages capital from outside investors.