Market Overview
The Spain Private Equity Market size reached USD 12,664.10 Million in 2024 and is projected to grow to USD 26,987.11 Million by 2033, expanding at a CAGR of 8.77% during 2025-2033. The market growth is driven by Spain’s economic recovery, rising digital innovation, corporate restructuring initiatives, and increased investments in sustainable and regional projects. These factors collectively enhance Spain’s private equity market share across Southern Europe.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Spain Private Equity Market Key Takeaways
- Current Market Size: USD 12,664.10 Million (2024)
- CAGR: 8.77% (2025-2033)
- Forecast Period: 2025-2033
- Growing private equity involvement in family-owned businesses for generational transitions and restructuring.
- Expansion of investments in urban tech and smart infrastructure driven by public-private partnerships and EU recovery funds.
- Notable divestment: GED Capital’s sale of Procubitos Europe to Magnum Capital (February 2024).
- New fund launch: Asterion Industrial Partners’ €2 billion infrastructure fund targeting sustainable projects.
- Rising regional market share within Southern Europe supported by lower valuations and favorable fiscal policies.
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Market Growth Factors
The Spanish private equity industry is on a renewed growth path because of macroeconomic recovery after past downturns, fast-tracked digital transformation, and a wave of sectoral restructuring. The 8.77% growth between 2025 and 2033 (CAGR) reflects renewed investor confidence improved valuations and favorable fiscal and investment conditions that attract international capital. Funding has been provided for sustainable and regional projects to share risk and maintain market stability.
One driving force has been the buyout of many family businesses that are transitioning to a new generation or restructuring their operations. These companies, with their predictable revenues, are being modernized by private equity. That modernization takes the form of digitalization, internationalization, and leadership development. Strong domestic legal and regulatory frameworks and capable entrepreneurs have factored into growing private equity investment in manufacturing, agribusiness and retail.
Urban technology and investment in smart infrastructure are also important market drivers. Mobility-as-a-service, smart cities, and digital utilities initiatives increasingly enjoy public-private partnerships and EU recovery funding. The long-term scalability and returns from IoT, AI and big data in cities’ infrastructures are considered an attractive opportunity for Spain’s largest infrastructure players, such as Asterion Industrial Partners. Asterion has established its new €2 billion infrastructure vehicle to focus on investments supporting sustainability and digitalization, similar to other Spanish investors.
Spain Private Equity Market Segmentation
Fund Type Insights
- Buyout: Not provided in source
- Venture Capital (VCs): Not provided in source
- Real Estate: Not provided in source
- Infrastructure: Not provided in source
- Others: Not provided in source
Regional Insights
- Northern Spain: Not provided in source
- Eastern Spain: Not provided in source
- Southern Spain: Not provided in source
- Central Spain: Not provided in source
While detailed segmentation data by region is not disclosed, the report highlights the expansion of Spain’s private equity share within Southern Europe, supported by favorable valuations, strategic fund launches, and cross-border investor participation.
Recent Developments & News
- July 2025: Qualitas Funds, advised by Cuatrecasas, launched its first fund of funds — Qualitas Funds US I, with an €80 million hard cap to invest in North America. The fund operates via Spanish venture capital structures and follows the firm’s integration with U.S.-based P10 Group. It collaborates with RCP Advisors to target opportunities in the U.S. lower mid-market, providing Spanish investors access to diversified private equity exposure and enhancing Qualitas’ alternative asset offerings.
- February 2024: GED Capital divested Procubitos Europe to Magnum Capital, highlighting ongoing consolidation trends in Spain’s mid-market private equity space.
- 2024: Asterion Industrial Partners launched a new €2 billion infrastructure fund, focusing on energy transition, data centers, and transport modernization across Spain and the broader EU region.
Key Players
- GED Capital
- Magnum Capital
- Asterion Industrial Partners
- Qualitas Funds
- Cuatrecasas
- P10 Group
- RCP Advisors
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