About Us
Luceiro Capital was founded in 2020 as an independent private capital firm specialized in active investment in companies with high growth potential.
Luceiro Capital currently advises two investment strategies, Luceiro Capital Value Fund FI, a Value fund in listed companies, and Luceiro Capital Partners, a Private Equity vehicle focused on SMEs.
In the listed market, investments are as a financial investor in mainly mid-market stocks, seeking to maintain shareholdings with a long-term horizon.
In the private market, the strategy is based on acquiring majority stakes in private companies located in Spain or Portugal and then becoming actively involved in the management and creation of long-term value.
We believe that this dual scheme between listed and private markets provides benefits to both investment strategies. In the private equity market, the investment team takes advantage of the added value of analyzing businesses from a business owner's perspective with direct knowledge of the management teams, and the possibility of incorporating growth levers such as operational, technological or inorganic growth improvements into the investment thesis. In listed companies, we take advantage of better access to information and reporting, generating sector investment theses with much better quantified metrics on the growth of the industry, revenue recurrence, or gross margins of the best benchmark companies in the sector.
From our offices in A Coruña and London, we analyze investments with geographic and sector flexibility. Our investment philosophy focuses on identifying quality companies with proven business models, sustainable competitive advantages, operating in industries with favorable dynamics.
Our funds
Investment Fund (UCITS)
Luceiro Capital Value Fund FI, (ISIN: ES0158707002, Bloomberg: LUCCEVE) is a global equity investment fund with a Value approach. The fund invests at least 75% of its total exposure in equities, and up to 25% of its exposure in fixed-income assets; taking as a reference the MSCI World Net Total Return EUR Index. The fund is regulated by the CNMV under UCITS regulations.Private Equity
Through the closed-end investment vehicle Luceiro Capital Partners, we work with the capital of professional investment partners, including institutional funds, family offices and private investors, with a global reach and united with the objective of acquiring majority stakes in private companies located in Spain or Portugal; to subsequently get involved in the active management of the company and the creation of long-term value.Luceiro Capital is an independent private equity investment firm specialized in high potential companies
The Luceiro Capital team has more than 10 years of local and international experience in management and investments.
Luceiro Capital has extensive experience managing investments and advising on corporate transactions, banking and investment firms, strategic consulting in operational process improvement and business management.
Together they have experience in finance, consulting and management, and have worked in Spain, Portugal, UK, USA, Middle East and Latin America.
Iván Varela Rozados
Managing Partner
Ivan Varela Rozados
Partner Director
Ivan is the founder and Managing Partner of Luceiro Capital, a project motivated by his personal experience growing up in a family of entrepreneurs.
Ivan has over 10 years of investment experience. He has held various positions in the UK and the US, working as an investment professional at US investment manager PIMCO, as an associate in the global markets area of investment bank MUFG, and previously, earlier in his career, as an analyst in the financial institutions team for Southern Europe at Nomura International.
MBA from LBS and Columbia Business School (Chazen Programme). Industrial Engineer from the Polytechnic University of Madrid, and Master in Information Systems from Cranfield University. Postgraduate Fellow and member of the Board of Directors for the Association of Fellows of the Barrié Foundation.
Efrén López Ferreiro
Partner, Strategy & Operations Advisor
Efrén López Ferreiro
Partner y Strategy & Operations Advisor
Efrén is Partner and Strategy & Operations Advisor at Luceiro Capital.
He has more than 10 years of experience in strategic consulting where he has developed a solid expertise in operations management, cost optimisation and organisational restructuring of large companies. In recent years, he has worked for large multinationals in Europe, the Middle East and the United States. Much of this work has been developed in the Spanish industry, specifically in the manufacturing and retail (including e-commerce) sectors.
Since 2018, he has been part of the consulting team at Accenture Strategy. From 2014 to 2018, he was part of the consulting team at Oliver Wyman. He has also worked as a contractor for Gellify, a company that combines the provision of strategic consulting services with support services for start-ups, to connect them with traditional companies and foster their growth.
MBA from INSEAD and The Wharton School of the University of Pennsylvania (exchange programme). Aeronautical Engineer from the Polytechnic University of Madrid. School of University Leadership from the Francisco de Vitoria University.
Isaac Miguez Armada, CFA
Partner, Principal Investments Advisor
Isaac Miguez Armada, CFA
Partner and Principal Investments Advisor
Isaac is Partner and Principal Investments Advisor at Luceiro Capital.
He has over 10 years of experience in Alternative Investments, having served in various roles in global investment firms such as Private Equity fund 3i and hedge fund Autonomy Capital. He has also worked in the Investment Banking divisions of HSBC and Crédit Agricole. During this time, Isaac has executed and managed more than 25 investments in various regions and sectors with a total estimated value of more than 1.2 billion euros. His experience has allowed him to develop a wide range of skills in investment analysis, deal execution- M&A, restructuring and portfolio management.
CFA Charterholder, graduated in Business Administration and Law from the Universidad Pontificia de Comillas (ICADE E-3).
Gonzalo Pico Cal
CFO
Gonzalo Pico Cal
CFO
Gonzalo is the Group's Chief Financial Officer.
He has more than 10 years of experience in the financial area of companies in the Industrial, Textile, Services and Financial sectors. He has held positions of Financial Management and Controlling in Consolidated Groups in Spain, Portugal, France and the United States, among other countries.
He holds a degree in Business Administration and Management from the University of La Coruña. Master in Corporate Finance and Financial Markets from UAH-CIFF Business School. Special Mention in Master in International Business and Foreign Trade by IFFE B. School.
The key to our capabilities lies in teamwork, which allows us to make better decisions and seek better investment solutions.
Values and reputation are our main assets.
We invest and work alongside entrepreneurs through responsible leadership. Our vision is to create better companies, returns for our investors and value for society.
Honesty
Continuity
Effort
Vision
From our offices in A Coruña (Spain) and London (United Kingdom) we analyse investments with geographic and sector flexibility; proven business models and sustainable competitive advantages.
Contact
If you want to know more about Luceiro Capital, please do not hesitate to contact us.