A&G

A&G

Founded in Madrid in 2001, A&G — Asesores y Gestores Financieros Fondos — emerged as an independent asset manager serving Spain’s private banking distribution networks. The firm does not manage a single-family fortune; it aggregates capital from external clients, positioning itself as a gatekeeper to alternatives for wealth managers who lack in-house sourcing capabilities. A&G operates primarily as a fund-of-funds manager, constructing portfolios across private equity, hedge funds, and real assets. The private equity program targets mid and upper-mid market buyout and growth funds in Europe and North America. The hedge fund allocation spans multiple strategies, offering diversified manager access to clients. Real estate commitments focus on core and value-add vehicles. The firm also maintains a private credit sleeve. Geographic deployment concentrates on developed Europe and the United States, with selective exposure in Iberian real assets. The firm reported total assets under management of approximately €14.8 billion as of early 2024, per its own regulatory filings and the Spanish CNMV registry. A&G distributes through alliances with Spanish private banks and wealth managers, including Santander Private Banking and Bankinter. The team size is not publicly disclosed, but the firm operates from a single headquarters in Madrid. A&G does not maintain its own direct investment staff for co-investments — the model relies entirely on fund selection and manager access. A&G’s structure as a third-party selector for private banking platforms differentiates it from family offices or institutional pension consultants. The firm competes directly with Altamar CAM and Arcano Partners for mandates from Spanish retail-wealth gatekeepers, but A&G’s narrower focus on fund-of-funds construction — rather than direct advisory or single-deal syndication — makes its economics dependent on sustained distribution relationships rather than bespoke portfolio work.