YIELCO INVESTMENTS AG, the German asset manager specialising in private markets, with €11.3 billion in assets under management and an office in Madrid since 2023, has registered a private equity co-investment fund in Spain with a target size of between €40 and €50 million. The Munich-headquartered firm continues to strengthen its presence in the Spanish market through YIELCO Defensive Investments II FCR, which is already registered with the CNMV. This new vehicle follows a value private equity strategy, focusing on transactions with a higher degree of complexity, such as carve-outs or restructurings, and characterised by low entry multiples and conservative leverage levels.
Peter Laib, Founding Partner of YIELCO Investments and Chairman of the Supervisory Board, highlights: “The launch of YIELCO Defensive Investments II FCR marks another milestone since the opening of our Madrid office in April 2023. This vehicle forms part of our private equity co-investment strategy, which includes this fund in Spain alongside another in Luxembourg for European investors. Spain is a key market within our growth and internationalisation strategy. As for our figures, we have more than doubled our assets under management and workforce over the past five years: in 2020, we had 20 employees and €4.5 billion in assets under management; today we exceed 50 employees and manage €11.3 billion.”
María Sanz, Partner and Co-Head of Private Equity, notes: “Strong demand and solid performance support our differentiated private equity strategy based on value investing. In a complex market environment, investors are increasingly valuing strategies focused on value creation through operational improvements and conservative financial structures. With this new fund, we strengthen our presence in Spain and continue to expand our local investor base.”
Beyond private equity, the firm has identified growing interest among Spanish investors in the infrastructure sector, as well as a rise in co-investment opportunities. In this area, the firm launched a €200 million infrastructure fund, whose first closing also took place in Spain this past April.
Uwe Fleischhauer, Partner and Co-Head of Infrastructure, adds: “In a volatile macroeconomic and geopolitical environment, Spanish institutional investors continue to view infrastructure as a solid and attractive option for their portfolios. To this end, we propose a diversified approach to investing in the sector, which offers significant protection against risks such as inflation, economic downturns or market volatility.”
About YIELCO INVESTMENTS AG
YIELCO INVESTMENTS AG is a German alternative investment manager focused on delivering attractive and predictable long-term returns with controlled risk. The firm, headquartered in Munich with an office in Zurich, opened its Madrid office in April 2023 (its third European office) with the aim of offering its products to more local investors and expanding its investor base in Spain.
In 2025, the German alternative investment manager strengthened its Spanish team, led by Julián Álvarez, with the appointment of Elsa Van Hulst as Senior Sales for Spain.
The firm currently manages approximately €11.3 billion in assets across its three core investment areas: Private Equity, Infrastructure, and Private Debt.
More information: www.yielco.com
cloud technology axon
Importantly, the significance of IPO markets extends beyond the compan...
