Investing in private markets

Diversification through Private Markets

At BBVA we offer innovative alternative investment solutions adapted to different market environments and within a global wealth planning framework.

Investing in private markets, also known as illiquid alternative investing, involves investing in assets that are not publicly traded. Unlike public markets, these investments are usually structured through specialized funds and have a long-term investment horizon.

BBVA Open to Partners Group Private Markets IX, FIL

Conoce el primer fondo abierto multiestrategia español en mercados privados

This evergreen alternative investment fund provides Private Banking clients with ongoing access to a global, diversified portfolio of investments in private markets.

The fund is managed through a partnership between BBVA Asset Management and Partners Group, an investment manager specializing in private markets with over 20 years of experience.

Accede a inversiones alternativas en:

  • Private Equity

    Investment in unlisted companies.

  • Private debt

    Direct financing for businesses.

  • Infrastructures

    Investing in projects such as energy, transport or telecommunications.

  • Real estate assets

    Investing in real estate such as offices, housing or logistics.

Incorporating private markets into a portfolio can provide:

Diversification

Los activos alternativos ilíquidos presentan históricamente una menor correlación con los mercados cotizados, lo que puede ayudar a diversificar la cartera.

Long-term profitability potential

Investments in private equity and private debt aim to generate returns that offset the lower liquidity of these investment vehicles

Alignment of interests

In many cases, there is a strong alignment between fund managers, management teams, and investors.

Access to exclusive opportunities

It allows you to invest in companies during their growth phases, corporate transactions, or structured financing outside the public market.

Characteristics of illiquid alternative investments

  • Long-term investment.
  • Lower liquidity compared to listed assets.
  • Specific investment requirements. Minimum capital and limits on financial assets.

Estructuras de inversión: Closed-end Fund vs. fondo abierto o evergreen

Closed-end fund

- Limited investment period, usually between 6 and 10 years.

- They do not allow refunds during the life of the fund, only when divestments occur. The fund has a defined duration from the beginning.

Fondo abierto (evergreen)

- Allows periodic subscriptions and redemptions, under certain conditions and subject to certain fund liquidity conditions.

- No fixed expiration date.

- Facilitates continued access to private markets.

The evergreen fund model is gaining traction as a vehicle for integrating private equity investments into a long-term wealth management strategy.

Cómo invertimos en mercados privados

A través de nuestra gestora BBVA Asset Management contamos con experiencia en la gestión de fondos de mercados privados. Invertimos a través de un modelo de fondo de fondos, que nos permite acceder a distintos fondos especializados gestionados por gestoras destacadas. Gracias a este enfoque aplicamos un proceso de selección y diversificación que incluye:

  • Diferentes formas de invertir: adquisición de empresas, crecimiento, deuda e infraestructuras.
  • Diferentes tipologías de inversión: inversión en empresas consolidadas, compañías en crecimiento, financiación a empresas e infraestructuras.
  • Geographical diversification: inversión en distintas regiones y mercados para reducir la dependencia de una sola economía.
  • Inversión en diferentes momentos del ciclo económico.
  • Selección de gestoras especializadas: con la ayuda del equipo de BBVA Quality Funds, que analiza, compara y propone los fondos gracias a su sólida metodología de selección.

The fund-of-funds structure allows us to build diversified global portfolios that are balanced in terms of risk-return.

Learn what investing in private markets involves

Jose Luis Segimón de Manzanos, Head of Private Market Investments, explains BBVA Asset Management’s experience and capabilities.