TQ Eurocredit, a company specialising in alternative finance, and Anta Asset Management, an independent Spanish asset manager belonging to Corporación Financiera Azuaga, have announced a strategic alliance to launch an alternative investment fund aimed at professional investors. Although there is not yet a registered vehicle, the entities have indicated that the fund could be in line with other alternative management funds, exceeding 20 million euros.
This vehicle will aim to finance real estate development projects in a context marked by a high demand for housing in Spain. Investments will focus on provincial capitals and the Mediterranean coast, although opportunities in other areas of the country will also be considered.
The collaboration between the two companies seeks to take advantage of their synergies: on the one hand, TQ Eurocredit's experience in alternative financing and, on the other, Anta Asset Management's specialisation in fund management.
Designed as an open-ended, semi-liquid vehicle, the new fund aims to offer investors returns in excess of 8% gross per annum. This model eliminates the usual constraints of more traditional investment funds or private equity companies, which tend to be illiquid and have investment periods of more than seven years.
The initiative seeks to respond to the needs of the Spanish real estate market, channelling resources into new developments to meet the growing demand for housing in various regions of the country. This comes against a backdrop of declining traditional financing, which has fallen by 40% in the last seven years, contributing to the slowdown in development activity.
Fernando Morales, president of Corporación Financiera Azuaega, points out that the alliance with TQ Eurocredit is based on shared values and a long-term vision, with the aim of designing flexible financial instruments adapted to the needs of developers and builders. He also stresses that this initial agreement lays the foundations for future investment funds focused on fostering sustainable economic growth and social development through responsible financing in the real estate sector.
Antoni Quintana, CEO of TQ Alternative Investments, said that the collaboration will enable the creation of alternative financing solutions customised for each project, adapted to the needs of the real estate market at a time of high demand for this type of financing.