# Black Toro Capital

Black Toro Capital is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** blacktoro.us
- **LinkedIn:** https://www.linkedin.com/company/black-toro-capital

## Regulatory record

- **Reports private funds:** No

## About

Black Toro Capital is a private equity firm that provides flexible structured capital solutions for mid-sized companies in Spain. It structures investments throughout the capital structure, including debt and equity-linked instruments, and discounted securities purchases. The firm partners with existing owners of companies facing financial constraints and strategic misalignments.

## Sectors

- Restructuring
- Private Credit

## Questions

### What investment strategy does Black Toro Capital pursue?

Black Toro Capital pursues a restructuring and special situations strategy concentrated on European mid-market corporates. The firm invests across non-performing loan portfolios, rescue financing, and control-oriented equity restructurings. Its generalist mandate allows it to follow credit-cycle dislocations into whichever sectors present the most complex, labor-intensive turnaround opportunities.

### Which geographies does Black Toro Capital target?

The firm focuses on Southern Europe, with significant activity in Spain, Italy, and Portugal. These markets have generated sustained distressed-deal flow following the European sovereign debt crisis and subsequent banking-sector deleveraging. Black Toro's London headquarters positions it as a cross-border capital allocator into these jurisdictions rather than a purely domestic UK investor.

### How does Black Toro Capital source its deals?

The firm sources proprietary deal flow through networks of restructuring advisors, insolvency practitioners, and European bank NPL trading desks. Because its deals often involve court-supervised processes or bilateral negotiations with creditor committees, sourcing relies on relationships cultivated over multiple credit cycles rather than auction-driven processes.

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Last updated: 2026-06-03T20:00:00.000Z

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