What Everwood Capital does

Everwood Capital SGEIC S.A. is a Madrid-based, CNMV-regulated alternative asset manager founded in November 2015 by Alfredo Fernández Agras and José Antonio Urquizu, managing approximately €900 million across two complementary investment strategies. The first is a renewable-energy private-equity franchise executed through five sequential photovoltaic funds (Funds I–V, 2016–2021) totalling roughly €953 million raised cumulatively, with the early vintage funds (I–III) fully divested by 2019 to Reden Solar at net IRRs of 17.8%–33.1%, and Funds IV and V focused on subsidy-free, greenfield utility-scale solar across the Iberian Peninsula and Italy. Fund V achieved SFDR Article 9 status, EU Taxonomy alignment and a UN PRI signatory framework, anchored by a €50M European Investment Fund commitment and €30M from Fond-ICO.

The second strategy is a transport and logistics private-equity platform launched in January 2023 through Everwood Transport & Logistics I FCR, which closed at over €102 million and has executed twelve acquisitions in roughly 24 months across five verticals: cold-chain logistics (consolidated under the Prontia Logística platform integrating Transaez, Arimon, TransDusan, and MBCold), customs services (Partida Logistics/AGSA at Algeciras), international forwarding (Maresa Logística combined with Altair Consultores Logísticos for €160M consolidated turnover), last-mile delivery (A Tu Hora Express), and industrial express transport (Arin Express, Trans Paneuropa, HTG Express — together one of the top three European door-to-door industrial express operators). Distribution is concentrated through Andbank and Santander Private Banking for Iberian high-net-worth clients, with direct institutional sales to pension funds, insurance companies, and sovereign entities. The firm earns revenue through recurring management fees on committed/invested capital across its fund vehicles plus performance fees (carried interest) on exits, with a 19-professional investment team operating from Madrid and a combined 100+ years of sector experience.

Name

Everwood Capital

Legal name

EVERWOOD CAPITAL SGEIC, S.A.

Website

http://www.everwoodcapital.com/

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Everwood Capital is a Madrid-based, CNMV-regulated alternative asset manager founded in 2015, managing ~€900M across two strategies: renewable-energy private equity (five solar PV funds, Spain/Italy) and transport-and-logistics private equity (a €102M+ roll-up of Iberian cold-chain, forwarding, express, and last-mile operators), serving institutional investors, family offices, and HNWIs via Andbank and Santander Private Banking.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD)

akta.pro secondary industry

Capital Planning, Portfolio & Lifecycle Asset Management (EAM/CMMS) (EUAEAMAL)

Keywords

• Alternative asset management
• Renewable energy funds
• Transport logistics investments
• Private equity funds
• Fund management services

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Management Fees: Ongoing fees charged on assets under management across fund vehicles (Fund I through Fund V), typically calculated as a percentage of committed or invested capital.
2. Performance Fees (Carried Interest): Success fees earned when fund investments generate returns above specified hurdle rates, aligning manager and investor interests.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Everwood Capital is a CNMV-regulated alternative asset management firm managing over €900 million across two complementary strategies: renewable energy investment funds (Funds I through V) focused on photovoltaic projects in Southern Europe, and a private equity transport & logistics fund investing in logistics SMEs in Spain and Portugal. The firm raises capital from institutional investors, family offices, private banking clients and government-backed vehicles, charging management fees on assets under management and performance-based carried interest.

Product overview

Everwood Capital is a CNMV-regulated alternative asset management firm managing over €900 million across two core investment strategies: renewable energy and private equity in transport & logistics. Its renewable energy strategy comprises five funds (Funds I through V) investing in photovoltaic projects in Southern Europe, while its transport and logistics strategy operates through the Everwood T&L Fund with a portfolio of 12 portfolio companies spanning customs services, cold-chain logistics, express transport, last-mile delivery, and freight forwarding. The T&L portfolio is anchored by Prontia Logística (the cold-chain platform integrating Transaez, Arimon, TransDusan, and MBCold) and major forwarding groups including Maresa Logística and Altair Consultores Logísticos, collectively generating over €160 million in revenues across the Iberian Peninsula and serving European and North African markets.

Differentiator

Problem solved

Functional benefit

Brands

• Everwood Energías Renovables: Renewable energy investment fund strategy focusing on photovoltaic projects in Southern Europe
• Everwood Private Equity en Transporte y Logística
• Prontia Logística
• Everwood Renewables Europe V FCR
• Everwood Solar Fondo IV
• Everwood Transport & Logistics I FCR

Products and services

• Everwood Renewables Europe V FCR (Fund V) The fifth and latest renewable energy fund with a maximum capital target of €500 million and ~40% institutional capital, investing in the construction of a diversified portfolio of subsidy-free photovoltaic plants in the Iberian Peninsula and Italy. Aimed at institutional LPs and private banking clients seeking SFDR Article 9 / EU Taxonomy-aligned infrastructure exposure.
• Everwood Solar Fund IV The fourth renewable energy fund investing in construction of subsidy-free, greenfield utility-scale photovoltaic projects across Southern Europe (Spain, Portugal, Italy) with a €300 million commitment, targeting approximately 1,000 MW. Includes a €27M LP commitment from Fond-ICO Global.
• Everwood Funds I, II, and III Three early renewable energy funds focused on acquisition of regulated photovoltaic assets in Spain, with combined capital of approximately €150 million. Fully divested by September 2019 with net IRRs between 17.8% and 33.1%.
• Everwood Transport & Logistics I FCR The first transport and logistics investment vehicle, investing in SMEs in Spain and Portugal across five verticals: airport logistics, port supply chain, cold chain, last mile, and logistics technology. Committed capital exceeds €102 million.

Quantifiable outcome

• Over €900M in assets managed across renewable energy and transport/logistics sectors
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• AndbankcoreChannel Partner/ Reseller/ DistributorAndbank serves as a key distribution partner for Everwood Capital funds, offering the firm's infrastructure investment products to private banking and wealth management clients. The partnership provides Everwood with access to high-net-worth investor networks and enables Andbank to differentiate its product offering with exclusive alternative investment opportunities.
• ProdielminorOthersProdiel sold a portfolio of renewable energy assets to Everwood Capital, representing a transaction-based relationship where Prodiel divested solar or wind development assets and Everwood acquired operating or near-operating renewable energy infrastructure for its fund portfolio.
• Glentra CapitalminorOthersGlentra Capital acquired DVP Solar, a solar photovoltaic portfolio, from Everwood Capital, representing a successful portfolio management and exit execution. This transaction demonstrates Everwood's ability to develop and optimize assets before realizing returns through strategic sales to other infrastructure investors.
• Commerz RealminorOthersCommerz Real acquired a 50 MW solar photovoltaic plant from Everwood Capital as part of portfolio management and exit activities. The transaction with Commerz Real, a major European infrastructure asset manager, validates the quality of Everwood's asset development and demonstrates the firm's ability to execute exits to established institutional buyers.

Scale indicators4 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Antin Infrastructure Partners: Listed European infrastructure private equity firm investing in energy, transport, and digital infrastructure. Direct comparable given similar mandate focus on renewable energy infrastructure and operating asset management, though Antin operates at significantly larger AUM scale and broader European scope.
• White Summit Capital: Madrid-based infrastructure and renewable energy private equity manager with Iberian focus. Highly comparable to Everwood given shared Spanish base, similar mid-market renewable energy and infrastructure strategy, and overlapping LP relationships.
• Portobello Capital: Madrid-based Spanish private equity firm where Everwood co-founder José Antonio Urquizu previously worked. Direct peer in Iberian mid-market private equity with comparable Spanish institutional LP base, though focused more broadly across consumer and industrial sectors rather than thematic renewables/logistics.

Broad incumbents

• EQT Infrastructure: Global private equity firm with a large-scale infrastructure franchise investing across renewables, transport, and digital infrastructure. Operates at much larger AUM but competes for similar institutional LP capital targeting European real-asset exposure.
• Brookfield Renewable Partners: Listed global renewable energy operator and investor with significant European solar/wind exposure. Comparable as a large-scale renewable energy investor but operates a much broader, vertically-integrated utility model versus Everwood's pure financial sponsor approach.
• KKR Global Infrastructure: Global alternatives giant with a sizable European infrastructure platform investing in renewable energy, transport, and digital assets. Overlaps with Everwood's strategy at the upper end of the market but offers far broader sector and geographic exposure.

Regional players

• Iberis Capital: Lisbon/Iberian private equity manager focused on Iberian mid-market investments. Comparable to Everwood's Iberian focus and Spanish/Portuguese investment scope, though with broader sector mandate rather than renewables/logistics specialization.

Emerging players

• Q-Energy: European renewable energy investment manager with strong Spanish/Iberian solar and wind focus. Comparable as a specialist renewable energy fund manager competing for the same subsidy-free project pipeline in the Iberian Peninsula.
• TPG Rise Climate: Climate-focused private equity platform of TPG investing across renewable energy, sustainable transport, and decarbonization. Comparable in climate-thematic focus and renewable infrastructure deployment, though at global scale with much larger fund sizes.
• Actis Energy: Global private equity firm with dedicated energy transition funds investing in renewable energy and transition infrastructure. Comparable to Everwood's renewable energy infrastructure strategy, with stronger emerging-markets and broader geographic reach versus Everwood's Iberian specialization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries28 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Everwood Capital