Ibercaja Gestión is planning its debut in private equity in 2026, the year it intends to launch its first fund. The asset manager of the Aragonese bank is awaiting authorization from the Spanish Securities Market Commission (CNMV) to operate in private markets. "With this launch, we want to complete our value proposition for our Private Banking clients, in a market environment where we need to sophisticate the solutions so that our clients can continue enjoying the excellent returns we have achieved in recent years," said Luis Miguel Carrasco, Director of the Asset and Insurance Management Area at Ibercaja.
During the presentation of market perspectives, which reviewed the manager’s performance in 2025 and shared economic and market forecasts for 2026, the bank’s investment arm explained that the vehicle will operate as a fund of funds and will have a minimum entry 'ticket' of €20,000, although there will be different options to accommodate larger investors.
Although further details are pending, it was noted that real estate will not be one of the main themes of the fund, given that Spanish investors generally already hold positions in this sector. In this regard, they highlighted that Ibercaja has years of experience in alternative assets through its pension funds and that, for the fund’s launch, they will form a partnership with a yet-to-be-named partner. "We believe we will achieve an acceptable figure in a short period of time," they emphasized.
Regarding its corporate banking activity, Ibercaja aims to exceed €15 billion in business volume, reaching a market share of 2%.
With one month remaining before the end of the fiscal year, assets under management have grown 11.3% throughout 2025, reaching €28.7 billion, thanks to client funds and long-term investments. This segment has increased by 20%, compared to 4% in credit issuance. Ibercaja’s priority remains offering comprehensive advisory services, increasing the number of clients in investment funds by over 46,500 individuals.
Since 2022, the manager has attracted around €7.4 billion, putting 2025 on track to close as one of the three best years in its history in terms of inflows, with more than €2.2 billion. As an example, of every €100 invested in these types of products, €9.7 goes to Ibercaja Gestión.
Image: Lily Corredor, General Director of Ibercaja Gestión; Luis Miguel Carrasco, Director of the Asset and Insurance Management Area at Ibercaja; and Beatriz Catalán, Investment Director at Ibercaja Gestión.
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