A&G Global Investors, a financial institution with a strong track record in wealth advisory and asset management, and Aurica, an independent private equity firm specializing in the growth capital segment, announce a new partnership to drive the development and growth of small and medium-sized enterprises in the United States. The joint venture between both firms is based on a shared conviction about the significant opportunity presented by the SME segment in the U.S.—recognized as the most sophisticated and profitable market in the world, with a high concentration of specialized sector-focused managers.
Currently, the low-mid market segment leads the private equity industry in terms of returns, offering high growth potential, more attractive valuations, a significantly larger deal flow compared to other segments, and greater value creation opportunities. Thus, the collaboration between A&G and Aurica will be structured through a direct investment strategy in co-investments, complemented by a selective allocation to specialized low-mid market funds, through which co-investments will be made to enhance the diversification of the fund’s asset portfolio.
The investment strategy agreed by both entities will be structured through Private Equity Vehicles (FCR and SCR) under the supervision of the CNMV. In this regard, both firms will primarily focus their efforts on SMEs operating in the U.S. market, while also selectively considering investments in European companies.
In line with this mission, the investment vehicle will be led by a joint team composed of managers from A&G Global Investors and Aurica Capital, reflecting the commitment of both firms to leverage their combined expertise to achieve top-quartile returns. Aurica's team, led for this project by one of its partners, Iván Plaza Ferriz, has one of the best track records of private equity returns in Spanish SMEs. Meanwhile, A&G Global Investors’ team, led by David Núñez, has successfully invested two previous co-investment funds in U.S. SMEs, delivering top-quartile returns —a strategy that will now be replicated in this new initiative.
According to David Núñez, Managing Director of Private Equity at A&G Global Investors: “We couldn’t have found a better partner for this project. Our team will be composed of experienced professionals in direct investment, all of whom share an outstanding track record of returns in SME investments—something truly unique in the co-investment and fund investment sector,” he stated.
Iván Plaza, Partner at Aurica Capital, emphasized the great value of this new alliance, “a unique opportunity to build an international direct investment portfolio, which will allow us to diversify our asset portfolio and design tailored investment strategies to meet our clients needs.” He also added: “Aurica’s extensive track record and our unique approach—built on trust, close collaboration, and value creation—combined with A&G’s know-how and expertise, constitute a unique synergy to drive the US and global low-mid market segment.”
About Aurica Capital
Aurica is an independent private equity firm specializing in the growth capital segment. It is a leader in the industry adquiring significant minority stakes in leading middle market companies with a clear vision of expansion and international growth. With more than 20 years in the market, the firm specializes in growth investments, search funds and fund selection, with more than 450 million assets under management. Aurica Capital Desarrollo S.G.E.I.C., S.A., is registered in the Registry of Private Equity General Partners Firms of CNMV with number 104.
For more information, please visit www.auricacapital.com
About A&G
A&G, founded in 1987, is one of the leading financial institutions in Spain, with a solid track record in wealth advisory and asset management. The firm manages more than 15 billion euros at the end of December 2024.
cloud technology axon
The first quarter of 2026 has reinforced a clear reality in the transp...
