Esférica Inversiones SICC SA
Investment Vehicle
Esférica Inversiones SICC is the first investment fund managed by Atalaya Investment, a closed-end collective investment company focused on real estate assets that represent high-value investment opportunities.
Since its inception, Esférica has defined the minimum objectives its investments must achieve and has completed the onboarding of several companies that meet the established investment criteria across different regions of Spain. These parameters guide the selection of new projects and reflect a commitment to professional and transparent management.
Esférica Inversiones is a fund with a clear and focused strategy, already building a solid portfolio of real estate assets through companies that meet its requirements and incorporate business typologies aligned with the interests of the SICC.
Real Estate Sector
Equity Investment
Broad Deal Flow
General and Regulatory Information
Name | Esférica Inversiones, SICC, S.A.
Regulatory framework | Spanish National Securities Market Commission
(CNMV), registration no. 28
Objective | To generate attractive returns through the acquisition,
participation in and management of companies holding
real estate assets.
Sectors | Real estate in Spain
Size and Investment
Target size | €25,000,000
Minimum investment commitment | €100,000
No. of investments (approximately) | 5–10 investments
Expected equity investment range | Between €1M and €5M
Terms, Maturity and Planning
Fund term | 5 years (with potential 1+1 extension)
Investment period | 2 years (with potential one-year extension)
Holding period for portfolio assets | Between 2 and 4 years
Diversification | Expected to complete between 5 and 10 investments
Target Return
Target Return | Target IRR > 13%
Multiple >1.45x investment
Fees | Structuring = 2% of the Investment Commitment
Placement = Between 0 and 1.5%
Management = 2% per annum on share capital subscribed at incorporation
Carried Interest = 20%; with hurdle rate = 7% and catch-up fee
