TQ Eurocredit, a debt fund specialising in alternative financing for corporates, has formed an alliance with Alpha Wave Private Credit to launch a new €84 million financing vehicle. Alpha Wave Private Credit, part of Alpha Wave Global, an investment firm founded in 2012 with a presence in eight countries and nine offices, has its Madrid office headed by Carles Pol, the managing director.
This is the first institutional equity funded vehicle launched by TQ Eurocredit, specifically designed to finance entrepreneurial projects through mortgage-backed bridge loans. In addition, TQ Eurocredit, founded by Antoni Quintana, who is also its CEO, launched two multi-family office vehicles in 2023, one with an investment capacity of €28 million and another of €31.5 million, and plans to launch another €30 million vehicle in 2024.
The creation of this institutional vehicle, together with the previous launches, is part of the company's strategic plan to double its portfolio balance over the next three years. To support this growth, TQ Eurocredit has expanded its internal structure to maintain the quality of service offered to both the financed companies and their investors, the company says.
In the current context of a market with debt needs that cannot be fully satisfied by traditional financing, TQ Eurocredit is committed to increasing its capacity and efficiency to respond to the needs of its clients. This new vehicle aims to enable the reduction of transaction signature times, providing the required agility and flexibility. Since its foundation in 2017 until 2023, TQ Eurocredit has accumulated a production of 576 million euros and manages an active portfolio of 210 million euros.