Systema Capital

Systema Capital

Ivan Comerma and Francesc Xavier Alsina established Systema Capital in 2016 after careers in banking treasury and credit roles at multiple institutions. Both principals hold board experience at entities including Formula E Holdings and MoraBanc Asset Management. The firm operates as a multi-family office serving families and institutions with governance and investment services. Systema Capital deploys across direct co-investments, SPVs, litigation finance, private credit and real estate. Confirmed holdings include Montego Bay Touristic Resort in Jamaica, real-estate portfolios in Uruguay and Andorra, an eolic park in Uruguay, a solar plant in Spain, and a VTC license fleet in Spain. The firm also maintains a physical commodities dealing desk. Geographic reach covers Europe, the Caribbean and South America. Ivan Comerma belongs to YPO; the firm participates in the Metaverse Standards Forum. No public headcount or AUM figure is available. Günther Schiendl joined as partner after fifteen years in private equity and venture capital plus family-office management. The firm opened its litigation-funding practice in Spain within the last decade. Systema Capital also runs a Guatemala pilot programme under its philanthropic activities. The firm’s structure separates family-office advisory from its regional M&A arm, Systema Capital Partners in Belgrade. This separation allows independent sourcing of litigation and real-asset opportunities while maintaining direct control over capital allocation for participating families.