SPECIALISTS IN LAND INVESTMENT
WELCOME TO LAND ACQUISITION AND FINANCING 2.0
Leading the specialisation of the land market across Spain & Portugal
Terrano Capital is a specialist investment platform focused on residential land acquisition and financing opportunities across Spain and Portugal.
Our extensive network of relationships with developers, financial institutions, real estate consultants, family offices and other market participants provides access to a broad range of proprietary and off-market investment opportunities.
All investment opportunities undergo a comprehensive due diligence process covering urban planning, legal, financial, technical, commercial and environmental aspects. This process is supported by an in-house team of more than 50 professionals with extensive experience in real estate, finance and risk analysis.
Each investment is actively monitored throughout its lifecycle, from deployment through to exit. Terrano Capital combines internal capabilities and external specialist advisors to oversee project execution, monitor key risks and safeguard investors' interests.
Our team combines deep expertise in real estate, structured finance and investment management, with more than 100 years of combined industry experience.
Investments are structured through dedicated SPVs under our oversight and subject to robust governance procedures. This framework enhances transparency, facilitates the active monitoring of key risks and contributes to the protection of investors' interests.
Our innovative technology improves transparency, helping both investors and developers to access all the information.
Terrano Capital combines deep real estate and financial expertise across the Spanish and Portuguese markets.
The General Partner has launched its first fund, Terrano Iberian Opportunities Fund, with a second fund to be launched soon. The main objective of the funds will be:
Focus on the residential sector.
Priority given to primary residences.
Particular focus on middle-income and affordable housing, reflecting a commitment to responsible investment and positive social impact aligned with ESG principles.
Investment in metropolitan areas characterised by strong demographic growth and structural housing shortages.
Flexibility across investment and financing structures, including senior loans, construction financing, purchase options, hybrid instruments and equity.
Collaboration with developers and financial institutions to facilitate residential development projects.
Strong alignment of interests between the management team and investors.
The fund provides investors with exposure to residential land acquisition financing opportunities across Spain and Portugal. The General Partner's interests are aligned with those of investors through two complementary mechanisms:
· First-loss participation, whereby the General Partner assumes the first 5% of any potential losses.
· Direct co-investment in each underlying opportunity, investing on terms subordinated to those of the fund and sharing the risks of each investment alongside investors.
The Terrano Capital management team brings together senior professionals with deep expertise in structured finance, asset management and real estate across the Iberian Peninsula. With more than 100 years of combined experience, the team has a proven track record of originating, structuring and managing real estate investment strategies, underpinned by an extensive network of relationships with developers, financial institutions and institutional investors across Spain and Portugal.
Diego has 27 years of investment banking, capital markets, and private equity experience, having worked for companies such as Citibank, Lehman Brothers, Group Viel and Eurofin Capital. Diego was a macro trader/hf manager with vast experience in (Derivatives/IRS/Vol/Fx/RV/ED). Diego is also an entrepreneur who has founded several companies, including Strongeagle (2014), the largest private equity fund focused on Sub-Saharan Africa, with US$25m AuM dedicated to Mozambique. Diego co-founded Welz and Terrano Capital, where he leads investment strategy and business development.
Isabel has more than 21 years of experience in investment banking and venture capital, after spending most of her professional career in London. Isabel worked 14 years for the Swiss bank UBS, running capital markets teams. During this time, she successfully led the origination and execution of more than 60 transactions that raised more than US$60bn. In 2016, she left UBS to lead the European and Latin American expansion of an American technology company specialized in Big Data and AI, along with its US$250m venture capital fund. Isabel co-founded Welz and Terrano Capital, where she oversees investment strategy and business development. Under her leadership, Welz has established a well-documented track record, having financed more than EUR 650 million across over 200 real estate transactions in Spain.
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