Living II
Alternative Investments
New Housing Formats
Investment strategy focused on the development and operation of residential assets and new living formats in Spain: student housing, co-living, senior living and residential (BTR).
Aimed at solving the significant imbalance between supply and demand in the market, the strategy partners with highly specialised teams deliver projects adapted to different client types.
Figures
4
PROJECTS
>800
UNITS
>50,000
m2 UNDER DEVELOPMENT
€80M
COMMITTED EQUITY
15-19%
TIR*
x1.6-2
MOIC*
* Target average return on projects
PROJECTS
300 Senior Living apartments
(Denia, Alicante)
Senior Living, Denia
Purchase, refurbishment and sale of residental homes in Madrid and major Spanish cities
Granular Housing, Spain
42 Co-living homes
(Madrid)
Coliving Tetuán, Madrid
288 affordable rental homes
(Los Ahijones, Madrid)
Ahijones, Madrid
A&G Real Estate Sustainable Developments
Alternative Investments
A&G Real Estate Sustainable Developments, SICC is an investment vehicle specialising in providing equity capital for the development of sustainable and accessible urban environments. We aim to combine public and private capital to invest in initiatives with a high socio-economic impact that contribute to the modernisation of our cities.
Source of funds
A&G acts as a Financial Intermediary within a Fund of Funds (FoF), managed by the European Investment Bank (EIB). This fund of funds is part of the Regional Resilience Fund (FRA), an instrument created by Spain under the National Recovery and Resilience Plan (NRRP). Its goal is to channel resources toward sustainable tourism and urban development.
A&G Real Estate Sustainable Developments SICC
A regulated vehicle set up to invest €130 million in projects in the areas of urban development, affordable housing and sustainable tourism.
Investment per project
€19.5m (max)
% participation per project
<49% equity total per project
(≤70% eligible costs)
Investment period
Until 31 December 2030
Private
Co-investment
Min. 30%
KEY INVESTMENT AREAS
PROJECTS
288 affordable rental homes
(Los Ahijones, Madrid)
Ahijones, Madrid
125 affordable rental homes
(Estepona, Malaga)
Estepona, Malaga
Social Affordable Housing and Urban Regeneration
Key Investment Areas
Social & Affordable Housing
Affordable Housing and Flexible Models
Construction, restoration or refurbishment of housing intended exclusively for social &/or affordable rental.
Including alternative residential solutions such as Co-living and Co-housing.
Urban Regeneration
Urban Transformation
Regeneration, renewal and revitalisation of underused areas (brownfield/greenfield) for the development of new infrastructure for commercial, business, tourism, educational or cultural purposes.
Social and Healthcare Infrastructure
Development, refurbishment and modernisation of hospitals, medical centres, clinics and specialist treatment centres (public or private) that contribute to society.
Educational Infrastructure
Construction and improvement of educational institutions, student halls of residence, universities and university campuses (public or private).
Sustainable Tourism
Key Investment Areas
Tourist Accommodation
Construction, renovation (refurbishment/restoration), modernisation and improvement of all types of accommodation facilities, including hotels, restaurants, bed and breakfasts, holiday cottages, wellness centres, campsites and holiday resorts.
Tourism Infrastructure & Heritage
Creation, renovation and modernisation of tourism-related infrastructure.
Restoration of cultural and historical heritage (public and private), parks, gardens, leisure parks, sports facilities as well as facilities for tourism and mountain sports etc.
Boosting local economy and Sector digitalisation
Comprehensive promotion of ‘conscious and sustainable’ tourism, with a focus on investments aimed at enhancing the appeal of emerging tourist destinations.
Investments in digitalisation projects and processes that improve efficiency through smart and sustainable development models.
Technology
Energy Transition
A&G Global Investors invests in growth companies (Series B), helping to accelerate the market traction of proven technologies that enable decarbonization in the energy, mobility, and industrial sectors.
Led by a highly experienced team, that has managed corporate venture investments for one of the biggest energy companies in Europe, we invest across the continent and and empower entrepreneurs to achieve their next stage of growth in close collaboration with a selected group of industrial partners.
Our companies in figures
16M km²
Mapping to reduce climate risk
30.000 MW
Supervised
13.000t
CO2 Reduced by 2025 through battery recycling
2.000 MW
In electrical flexibility
Source: Own elaboration
Team
Juan Diego Bernal
Managing Director
Jesús Lozano
Investment team
Teresa Grijelmo
Investment team
Marta Chinchilla
Investment team
Íñigo Rodríguez Valero
Investment team
Alejandro Baigorri
Managing Partner
Álvaro Boada
Managing Partner
Alejandro Núñez
Managing Partner
César de Garay Velasco
Investment team
Alisios Global CoInversiones Fund
Private Equity Buyouts
Alisios is a fund dedicated to direct investment in lower mid-market (LMM) companies in co-investment with managers from the most profitable segment of buyouts, in whose funds it also invests, mainly in the United States, and with strict investment discipline.
Alisios invests in the most profitable segment of the Private Equity market, SMEs (companies with EBITDA between $4 million and $50 million), focusing on attractive sectors, leading, growing companies, with high EBITDA margins and strong cash generation, and working with sponsors who add value and have a proven track record, with solid management teams and reasonable valuations.
Alisios replicates the successful investment strategy carried out by the A&G team, which has invested two similar funds from the United States for more than 10 years and achieved first quartile returns for investors.
The Alisios team is complemented by Aurica Capital, which has the best track record of returns in Spain, investing in SMEs with characteristics similar to Alisios' target companies.
This makes Alisios the only co-investment fund on the market with an investment team whose members are experts in direct investment in companies and also have a track record of top-quartile returns.
Figures
2/3
CO-INVESTMENTS in 10-15 COMPANIES
1/3
PRIMARIES in 6-8 FUNDS
75% / 25%
United States / Europe
+2x
Net MOIC
+20%
Net IRR
Source: Own elaboration
Fund of Funds
Private Equity Buyouts
A&G Global Private Equity I is a fund of funds that invests in the largest segment of the buyout market in the United States and Europe. We are committed to Top Tier managers who have consistently achieved top-quartile returns, with consistent strategies focused on EBITDA growth and a unique approach to value creation.
FIGURES
≈10
Top Quartile Funds
+250
Portfolio Companies
+1.8x
Net MOIC
+15%
Net IRR
Source: Own elaboration
