Explora Capital

Explora's mandate covers full buyout transactions, management buy-ins, corporate spin-offs, and structured real-asset positions. The firm uses SOCIMI vehicles — Spain's publicly-traded REIT equivalents — for its property portfolio, which requires a focus on income-generating, stabilized commercial and mixed-use assets rather than early-stage or greenfield development.

Explora Capital maintains its headquarters in Ho Chi Minh City, Vietnam, while a significant portion of its known portfolio is concentrated in Spain through SOCIMI vehicles. The firm pursues buyout strategies across Southeast Asia, and its co-investment partnerships with Inbest Partners and All Iron anchor the European real estate activity.

A SOCIMI is the Spanish equivalent of a Real Estate Investment Trust — a publicly-listed corporation that owns and operates income-producing property. SOCIMIs must distribute a high percentage of profits as dividends and maintain minimum share capital. Explora uses this vehicle type for its Spanish commercial and mixed-use real estate, providing a regulated, transparent structure for co-investors such as Inbest Partners and All Iron.

Based on its disclosed strategy — buyouts, management buy-ins, spin-offs, and direct SOCIMI co-investments — Explora Capital operates primarily through direct principal investments and co-investment structures rather than as a fund-of-funds. The firm's visible portfolio vehicles (Inbest Prime I–IV, All Iron RE I) are direct property-company investments developed with specific operating partners.