Peninsula Capital Advisors

Borja Klingenberg serves as Chief Executive Officer, leading a six-person senior team that includes Managing Directors Alessandro Boggio Togna and Jean Sarkozy alongside Partners Gabriel Santa Eulalia, Carlos Cortina, and Nicola Colavito. Investment decisions are made from the firm’s Madrid, Milan, and Paris offices, where the bulk of its 16 investment professionals are based.

Peninsula relies on a direct, local presence. Its investment team lives and works in Madrid, Milan, and Paris — the three markets where the firm concentrates its capital. This allows the team to cultivate proprietary networks and deep local knowledge, rather than running a centralized, fly-in sourcing model.

The firm targets equity investments of €60m to €120m per single transaction, either upfront or cumulatively, and can scale to €1bn via co-investment agreements. Peninsula invests in both primary capital issuance and secondary liquidity events, using a flexible but consistently low-leverage approach to preserve operating headroom for portfolio companies.

Peninsula is agnostic on ownership structure, stating equal appetite for majority and minority stakes. Regardless of the position size, the firm focuses on adding value through its network and M&A support while leaving C-level executives in full control of day-to-day operations.

Its core sectors, drawn from the firm’s own disclosure, are healthcare and pharmaceuticals, industrial and logistics, business and financial services, and consumer, retail and leisure. Known portfolio companies span each of these verticals — from Aernnova in aerospace components to Zadig & Voltaire in luxury apparel and Galenicum in pharmaceuticals.

Peninsula Capital Advisors LLP (FRN: 728327) operates as an appointed representative of Thornbridge Investment Management LLP, which is authorized and regulated by the UK Financial Conduct Authority. Its investment funds are structured as Luxembourg-based AIFs, with JTC Global AIFM Solutions S.A. acting as the AIFM.

No. The firm explicitly limits its recourse to leverage, stating it aims to avoid the growth constraints created by high debt loads. It maintains a safety headroom to absorb economic cycles and remains open to injecting additional equity for M&A or capex projects — a posture that differentiates it from traditional buyout funds.