# Santander Alternative Investments

Santander Alternative Investments is an Asset Manager based in Madrid, Spain.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 1972
- **Assets under management:** €275 billion (per Santander Asset Management, 2026)
- **Website:** santanderassetmanagement.com
- **LinkedIn:** linkedin.com/company/santanderam

## Regulatory record

- **CRD number:** 333187
- **SEC file number:** 802-131294
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-03-29T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/333187

## About

Santander Alternative Investments, SGIIC, S.A.U. is a Madrid-based investment adviser registered with the SEC since 2024.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- ClimateTech
- Energy Transition & Renewables
- AgriTech & FoodTech
- Industrial Tech
- Mobility & Transportation

## People

- Luis García-Izquierdo — CEO, Santander Alternative Investments

## Questions

### Who runs investment decisions at Santander Alternative Investments?

Luis García-Izquierdo serves as CEO of Santander Alternative Investments, reporting into the Santander Asset Management and Grupo Santander leadership structures. Investment decisions are made by dedicated teams within each asset class — private equity, private credit, real estate, infrastructure, and hedge funds — with García-Izquierdo overseeing overall portfolio construction and strategic direction. Individual fund commitments and direct investments are approved through internal investment committees that draw on the firm's sector-specific expertise and Santander Group resources.

### How is Santander Alternative Investments related to Banco Santander and Santander Asset Management?

Santander Alternative Investments, SGIIC, S.A.U. is a wholly owned subsidiary within Grupo Santander, operating alongside but legally separate from Santander Asset Management. It was created in 2019 to consolidate the group's alternatives capabilities — previously scattered across the asset management division and the broader bank — into a single management company. The firm distributes its products primarily through Santander Private Banking and Santander Wealth Management channels globally, giving it a built-in client base that independent alternatives managers lack.

### What geographic markets does Santander Alternative Investments focus on?

Santander Alternative Investments concentrates on Europe and Latin America, aligned with Banco Santander's core banking markets. The private equity and private credit strategies emphasize Spain, Portugal, and broader European mid-market opportunities, with some exposure to North American managers through the fund-of-funds programs. Real estate investments are predominantly Iberian, while infrastructure and energy transition strategies target OECD markets including Spain, the UK, and select US and Latin American assets where Santander has local banking relationships.

### What investment stages does Santander Alternative Investments typically target in its private equity allocation?

Santander Alternative Investments' private equity program targets mid-market buyout funds, growth equity, and co-investment opportunities, primarily in Europe. The firm has historically focused on established, cash-flow-generating companies rather than early-stage venture, though its venture capital sleeve — often run through separate Santander innovation initiatives — touches early-stage fintech and enterprise technology investments in Spain and Latin America. The broader private equity allocation emphasizes manager selection across the small and mid-cap European buyout universe.

### How does Santander Alternative Investments source proprietary deal flow?

Santander Alternative Investments benefits from preferential access to Banco Santander's corporate and investment banking pipeline, which spans 10 core markets in Europe and the Americas. The bank's lending relationships with mid-market companies in Spain, Portugal, Mexico, Brazil, and Chile generate deal flow that independent alternatives managers cannot replicate. For private credit and real estate transactions, the firm often serves as a co-investor or direct lender on deals structured by Santander Corporate & Investment Banking, providing an origination advantage that the firm explicitly cites as a competitive strength.

## Related profiles

- [Santam](https://altss.com/profile/santam)
- [Santander Asset Management](https://altss.com/profile/santander-asset-management)

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Last updated: 2026-07-06T00:38:08.489Z

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