# ProA Capital

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

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** proacapital.com
- **LinkedIn:** https://www.linkedin.com/company/proa-capital

## Regulatory record

- **CRD number:** 305238
- **SEC file number:** 802-126173
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/305238

## About

ProA Capital is one of the main independent Spanish private equity firms, investing in market-leading family-run companies. The firm associates with managing teams to help them develop growth plans by internationalizing, strengthening or implementing operational improvements.

## Sectors

- Generalist

## People

- Carlos Aceves — Investment Director
- Federico Campanini — Associate Director
- Paloma de Carlos — Chief Legal Officer
- Beatriz Ciercoles — Administrative Assistant
- Isabel Ester — Executive Assistant
- David Fuss — Investment Director
- Javier Galatas — Investment Director
- Santiago Gómez — Partner
- Carlos Gordillo — Partner
- Felipe Jimenez-Alfaro — Investment Director
- Lourdes Martínez — Head Of Finance And Investor Relations
- Gonzalo Maza — Associate
- Ignacio Olmedo — Investment Director
- Fernando Ortiz — Managing Partner
- Guillermo Peña — Associate Director
- María Rein — Associate Director
- Carmen Rodríguez-Yrizábal — Office Manager
- Noemi Segador — Office Assistant
- Enrique Serrano — Investment Director
- Jessica Testa — Accountant
- Vito Torciano — Partner
- Davide Tosetti — Investment Director
- Blanca Vizcaino — Investor Relations
- Fernando Ortiz — Managing Partner
- Santiago Gómez — Partner

## Questions

### How does ProA Capital source proprietary deal flow?

The firm explicitly prioritizes proprietary origination over competitive auctions. Its strategy targets family-run Spanish companies, often engaging directly with owners or management teams before any formal sale process begins. This relationship-driven approach relies on two decades of local presence and the firm's reputation for partnering with management rather than replacing it.

### Does ProA Capital participate in fund commitments or only direct deals?

All disclosed activity points to direct deal-making. The firm describes leading MBO and build-up investments as principal, deploying up to €100 million per transaction from its own balance sheet alongside co-investors. No fund-of-funds or LP commitments to external managers are mentioned.

### What is ProA Capital's known posture on co-investments alongside external GPs?

ProA Capital actively uses co-investors to scale beyond its per-deal cap of €100 million. The firm notes it has additional capacity from co-investors for larger transactions. Sit does not, however, advertise itself as a co-investment partner for other GPs' deals — its model centers on leading and controlling transactions.

## Related profiles

- [Prizm Ventures](https://altss.com/profile/prizm-ventures)
- [Proactive Financial Solutions 360](https://altss.com/profile/proactive-financial-solutions-360)

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Last updated: 2026-08-11T15:07:49.000Z

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