# Espiga Capital

Espiga Capital is a Private Equity based in Madrid, Spain.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 1998
- **Assets under management:** €300M
- **Website:** www.espiga.com
- **LinkedIn:** https://www.linkedin.com/company/espiga-capital

## Regulatory record

- **Reports private funds:** No

## About

Espiga Capital is an independent private equity fund manager specialised in investing in small and medium-sized companies in Spain that have a leading market position, proven historical profitability and a defined growth project. It is a long-term investor focused on Spanish SMEs since 1998, with 29 investments made and over 25 years investing. Assets under management are about €300m across its funds.

## Questions

### What is Espiga Capital's current deployment vehicle and fund size?

Espiga is currently deploying the €165 million Espiga EquityFund II. Its predecessor, the €140 million Espiga Equity Fund, was fully invested across seven companies. The firm does not report aggregate regulatory AUM; the €300 million-plus figure cited on its website reflects cumulative capital deployed across all funds since 1998, not current AUM.

### What types of deals does Espiga Capital pursue?

Espiga targets control positions through buyouts, growth equity, management buy-ins, and succession transactions. It focuses on Spanish small and medium-sized enterprises with a proven profitability record, a defensible local market position, and a defined expansion plan. The firm does not disclose a sector preference, describing its origination as generalist across the Spanish lower mid-market.

### What is Espiga Capital's geographic focus?

Espiga invests exclusively in companies headquartered in Spain. Its 27-company track record, built since 1998, is concentrated entirely on domestic small and mid-cap businesses, and the firm maintains a single office in Madrid. No non-Iberian portfolio companies or expansion offices are disclosed.

### How does Espiga Capital's team tenure compare to other Spanish mid-market firms?

The firm states that its senior investment team has been operating together in the Spanish market for more than 25 years, a continuity that spans multiple economic cycles and fund vintages. While individual names are not publicly listed on the firm's website, the team's longevity is unusual among independent mid-market managers and forms a core part of its pitch to limited partners.

## Related profiles

- [Esperante Ventures](https://altss.com/profile/esperante-ventures)
- [ESPIRA Investments](https://altss.com/profile/espira-investments)

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Last updated: 2026-08-11T15:06:42.396Z

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