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Private Equity FundInvests directly in companiesLAST VERIFIED Oct 2026 · 18 SOURCES

Santander Alternative Investments

Alternative-investment manager of Santander Asset Management, part of Banco Santander

Also known as Santander Alternative Investments, SGIIC, S.A., SAI

Madrid alternatives manager of Santander Asset Management (CNMV SGIIC no. 287, 2023): private credit, infrastructure and renewables, climate-tech VC, real estate and a PE fund of funds.

HEADQUARTERS
Madrid, Spain
FOUNDED
2023
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
4 people

Focus

STAGES
SeedSeries AGrowthBuyout
ASSET MIX
Private creditReal estateFunds (as LP)Venture capital
GEOGRAPHY
EuropeLatin AmericaGlobal

Overview

Santander Alternative Investments is the alternative-investment manager of Santander Asset Management, launched in May 2023 and registered with the CNMV as an SGIIC. It runs four strategies: private debt (trade finance, working capital and direct lending to companies and SMEs in Europe and Latin America), infrastructure (infrastructure debt plus direct investment in solar and wind projects and early-stage European climate-tech companies), real estate (debt and equity, including coliving) and multi-strategy, including a fund of private-equity buyout and growth funds. Its funds are sold to private-banking and institutional clients, with Banco Santander as anchor investor in the climate-tech fund.

Investment thesis

Use Santander's origination network to give clients access to private credit, infrastructure, real-estate and fund-of-funds strategies; climate strategy combines direct solar and wind projects with early-stage European climate-tech companies (SFDR Articles 9 and 8).

People

  • Carlos Manzano
    Chief Executive Officer · source
  • Borja Díaz-Llanos
    Chief Investment Officer and Global Head of Private Credit · source
  • Michael Zerda
    Global Head of Real Estate · source
  • Nadir Maruf
    Global Head of Infrastructure · source

Links

Frequently asked questions

Santander Alternative Investments is a private equity fund based in Madrid, Spain, founded in 2023.

Santander Alternative Investments invests directly and through funds. Capital origin: third-party capital (fund LPs). Stated strategies include private credit, real estate, funds (as lp) and venture capital.

Santander Alternative Investments invests at Seed, Series A, Growth and Buyout stages in Climate & Energy and Real Estate & PropTech.

Key people at Santander Alternative Investments include Carlos Manzano (Chief Executive Officer), Borja Díaz-Llanos (Chief Investment Officer and Global Head of Private Credit), Michael Zerda (Global Head of Real Estate) and Nadir Maruf (Global Head of Infrastructure).