Rijn Capital B.V.

Rijn Capital B.V.

Rijn Capital B.V. was established to manage wealth generated by the del Pino family through Ferrovial. Rafael del Pino y Calvo-Sotelo serves as the controlling shareholder and Executive Chairman of Ferrovial. His sister Maria del Pino y Calvo-Sotelo holds a parallel stake via Menosmares S.L.U. The structure keeps investment decisions inside the family with support from a small group of external directors. The firm allocates across commodities, direct co-investments, infrastructure, natural resources, private equity and real estate. It targets long-duration assets that match multi-generational horizons. Confirmed positions include the San Pedro III solar plant in Calama, Chile, and a solar PV pipeline spanning the Antofagasta, Tarapaca and Atacama regions. Geographic reach covers Europe and South America. The portfolio also contains a Bombardier Challenger 300 and the vessel Alcor. Rijn Capital B.V. employs a compact team. Michiel Boersma served as non-executive director from 2018 to 2024. Martin Davalos acts as principal. Rafael del Pino maintains additional affiliations through the MIT Corporation and the IESE Business School International Advisory Board. He has been a member of the Royal Academy of Engineering of Spain since 2014. The firm supports the Fundación Rafael del Pino as its primary philanthropic vehicle. Ownership remains tightly held by the del Pino siblings. Investment decisions flow through the family-controlled entity rather than an external manager or multi-family platform. This closed architecture limits outside capital and keeps sourcing inside existing industrial and advisory networks.