IRG Capital Partners

Investment decisions are led by founding partner Iñigo Sánchez-Asiaín and the partnership group. The firm operates with a lean decision-making structure, keeping origination and portfolio oversight integrated at the partner level rather than distributed across a large analyst bench — a model common among Southern European mid-market specialists.

IRG's deal flow is concentrated in Spain and Southern Europe, regions where family-owned mid-market businesses frequently undergo generational transitions. The firm's dual mandate — combining growth equity with restructuring — creates sourcing advantages in situations where companies face succession-driven sales or operational distress that broader auction processes miss. Specific sourcing tactics are not publicly detailed.

IRG Capital Partners operates as an independent private equity asset manager, not a family office. It manages external capital across growth equity and restructuring strategies, distinct from single-family vehicles that deploy proprietary wealth. The firm does not publicly disclose a wealth origin tied to a specific family.

IRG executes direct deals exclusively — taking equity positions in mid-market companies — rather than acting as a fund-of-funds committing to other general partners. Its two deployment paths are direct growth investments in profitable businesses and direct acquisitions of distressed or underperforming assets.

IRG focuses on Spain as its primary geography, with selective exposure to Southern Europe. Within that scope, the firm targets lower-to-mid-market companies — growth equity goes to established businesses needing expansion capital, while restructuring capital targets companies at any lifecycle stage that require operational turnaround. The firm does not invest in early-stage venture or pre-revenue startups.