Enjoys an unparalleled reputation in fund formation mandates in Spain. Assists GPs with the structuring of new alternative funds that are subscribed by international investors and that target diverse asset classes, including private equity, real estate or infrastructure. Advises on the creation of funds of funds and assists with the due diligence of subsequent investments made as limited partners. Offers notable experience in related topics around regulatory approvals or the payment of carried interest to managers. Also advises on both the buy and sell side of private equity buyouts.
"It is the dominant legal firm that really has the majority of the market share in Spain for this type of business," states one source, adding: "It is helpful for us to be able to get that comfort that we are working with lawyers who know the market and have enough of a track record and experience to guide us."
Clients note that the firm's regular exposure to fund formation mandates means that "it has state-of-the-art information."
Acted for Asterion Industrial Partners on the establishment of its first infrastructure fund, which raised EUR1.1 billion in capital commitments.
Clients praise Ildefonso Alier 's handling of fundraising processes and say that he is "reliable, creative and willing to find solutions that work." "If I need something I can call him directly; he's always on top of everything," reports another interviewee.
Isabel Rodríguez García is widely regarded as a leading expert in the structuring of Spanish alternative investment funds. "She is close and accessible," says one source. "If you want to structure a private equity fund in Spain, everyone will suggest you go to her," says another interviewee, adding: "This is what she is doing every day."