Gesconsult

What Gesconsult does

Gesconsult, S.A., S.G.I.I.C. is a Madrid-based, privately held Spanish asset management firm founded in 1987 and registered with the CNMV as a Sociedad Gestora de Instituciones de Inversión Colectiva. The firm operates as an active, independent boutique asset manager offering investment funds (equity, mixed, fixed income, maturity, and thematic strategies), pension plans, SICAV management, and a private equity fund-of-funds programme (Balian Private Equity). Its investment approach is built on three pillars: flexibility, bottom-up stock picking with a value investing philosophy, and independence, with explicit emphasis on capital preservation and risk control. Products include the Iberian equity Gesconsult Renta Variable (which has won Morningstar Spain Fund Awards in 2019 and 2021), a US equity strategy using a proprietary systematic governance-selection model (Gesconsult Good Governance RV USA), short-term fixed income (Gesconsult Corto Plazo), and a Luxembourg-replicated mixed fund (Gesconsult León Valores).

The firm serves three customer segments: retail investors (accessing funds directly via website, phone, or email), institutional investors (pension funds, insurance companies, family offices via institutional share classes and Balian PE), and third-party managers whose SICAVs and funds are administered under Gesconsult's SGIIC umbrella. Distribution is primarily direct, supplemented by financial media presence (Cinco Días, Radio Intereconomía, El Economista), a content-driven blog, the Gesconsult Aula financial education platform, and active social channels (LinkedIn, Twitter/X, YouTube). The team consists of 11 named professionals including Director of Investments Gonzalo Sánchez and Commercial Director Ignacio Crespo Bonachera, holding professional designations such as CFA, CAIA, FMVA, EFA, and CAF.

Gesconsult generates revenue exclusively from management and deposit fees calculated as a percentage of assets under management, deducted daily from fund NAV, with regulatory caps of up to 2.25% on patrimony or 18% on results. Combined disclosed AUM across primary funds exceeds €755M, with the Corto Plazo short-term fixed income fund accounting for the dominant share (~€716.5M). The firm reports no external shareholders, no parent company, and no funding rounds, operating as a management-controlled private entity with 37 years of continuous operation.

Name

Gesconsult

Legal name

Gesconsult, S.A., S.G.I.I.C.

Website

https://gesconsult.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Gesconsult is a privately held Madrid-based Spanish asset manager (SGIIC) founded in 1987 that provides active equity, fixed income, and pension funds plus a private equity fund-of-funds (Balian PE) to retail, institutional, and professional investors in Spain and Europe.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

akta.pro secondary industries

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Financial Planning–Led RIAs (FSAAACAB)

Keywords

• Investment fund management
• Pension plan management
• Asset management services
• Private equity fund of funds
• SICAV management

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment fund management fees: Gesconsult charges management fees and deposit fees to its investment funds, calculated as a percentage of assets under management. These fees are deducted daily from the fund's net asset value and are disclosed in each fund's prospectus. Maximum regulatory limits apply: up to 2.25% on patrimony or 18% on results, or combination thereof (1.35% patrimony + 9% results).

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels10 records

Core offering

Gesconsult is a Spanish SGIIC that designs, manages, and distributes regulated collective investment vehicles — including equity, mixed, fixed income, maturity, US governance-screened and momentum funds, pension plans, SICAVs, and a private equity fund of funds (Balian Private Equity) — for retail, professional, and institutional investors. The firm invests on behalf of clients using fundamental bottom-up value analysis, controlled-volatility active management, and a proprietary systematic governance-selection methodology for US equities.

Product overview

Gesconsult is a Sociedad Gestora de Instituciones de Inversión Colectiva (SGIIC) founded in 1987, registered with CNMV. The company offers a comprehensive range of investment products including equity funds (Gesconsult Renta Variable Iberia, Gesconsult Renta Variable Eurozona), mixed funds (Gesconsult León Valores Mixto Flexible, Gesconsult Renta Fija Flexible), fixed income funds (Gesconsult Corto Plazo, Gesconsult Oportunidad Renta Fija), specialized funds (Gesconsult Good Governance RV USA using ESG governance criteria), maturity funds (Gesconsult Horizonte 2027, Gesconsult Horizonte 2023 II), pension plans (Gesconsult Equilibrado Pensiones, Gesconsult 30-75 Plan de Pensiones), and alternative investments (Balian Private Equity fund of funds). The firm follows an active management philosophy emphasizing value investing, capital preservation, and risk control.

Differentiator

Problem solved

Functional benefit

Brands

• Balian Private Equity: A fund of funds focused on private equity investments in the European lower mid-market segment, complemented by secondary transactions and co-investments.

Products and services

• Gesconsult Renta Variable Iberia Equity fund investing at least 75% in equities, primarily in the Iberian market. Follows a value investing strategy with a long-term horizon, concentrating in 30-45 quality companies with strong fundamentals.
• Gesconsult Renta Variable Eurozona Equity fund investing at least 75% in equities, with up to 40% exposure outside the eurozone. Invests in solid companies following a value at reasonable prices strategy.
• Gesconsult León Valores Mixto Flexible Mixed equity fund with global approach, investing 30-75% in equities. Adapts to market conditions with medium-to-long term horizon. Has a Luxembourg replica.
• Gesconsult Renta Fija Flexible Mixed fixed income fund investing in all types of fixed income emissions with 0-30% equity allocation. Invests in OECD issuers with currency risk not exceeding 30%.
• Gesconsult Corto Plazo Short-term fixed income fund investing in assets with maturity under one year. Focuses on high credit quality public and private issuers, repos, and eurodeposits. Low risk profile.
• Gesconsult Oportunidad Renta Fija Strategic fixed income fund primarily in the euro area, investing at least 50% in subordinated debt and contingent convertible bonds (Investment Grade and High Yield).
• Gesconsult Good Governance RV USA US equity fund systematically selecting the 100 companies with the best governance from the S&P 500, excluding tobacco, arms, and oil sectors. Uses proprietary methodology based on Professor Cossin's IMD Lausanne Stewardship model.
• Gesconsult Horizonte 2027 Maturity fund due December 2027, investing in diversified portfolio of corporate bonds in OECD countries. Initial duration under 2 years, decreasing as maturity approaches.
• Gesconsult Horizonte 2023 II Three-year maturity fund for conservative investors, investing in diversified portfolio of euro-denominated corporate bonds from developed countries with investment grade quality.
• Balian Private Equity Fund of funds of private equity focusing on European lower mid-market primary funds, complemented by secondary transactions and co-investments. Managed by Gesconsult's experienced Fund of Funds team.
• Gesconsult Equilibrado Pensiones Mixed equity pension plan replicating Gesconsult León Valores fund with 30-75% equity allocation and long-term flexible approach. Recommended for dynamic profile investors.
• Gesconsult 30-75 Plan de Pensiones Institutional class of Gesconsult Equilibrado Pensiones plan, in the Mixto Renta Variable Euro pension plan category.
• Vilana Capital SICAV Open-ended investment company (SICAV) with global investment philosophy, managed by Gesconsult as SGIIC and sub-managed by Link Securities, with Bankinter as depositary. AUM approximately €6.5M.
• Momento España Spanish equity fund investing 30-75% in equities using a momentum-based model considering recommendations, estimates, liquidity, volatility, and technical indicators.
• Momento Europa European equity fund investing 30-75% in Eurostoxx50 and Stoxx Europe 600 stocks using a momentum model with weighted variables for market timing.

Quantifiable outcome

• Gesconsult Renta Variable consistently beats its benchmark (Ibex 35) at various time horizons with approximately one-third less volatility.
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Balian Private EquitycoreOthersBalian Private Equity is Gesconsult's proprietary fund of funds programme for private equity. Gesconsult operates this programme through its Fund of Funds team (led by Javier Reguart), offering access to European lower mid-market primary funds, secondary transactions, and co-investments.
• Banco InversisminorOthersBanco Inversis serves as the depositary (depositario) for Gesconsult Renta Variable Iberia fund. It also serves as the depositary bank for the broader fund range.
• BankinterminorOthersBankinter serves as depositary for Vilana Capital SICAV.
• Andbank Wealth ManagementminorOthersFormer employer of Álvaro Jiménez (equity portfolio manager) and Carlos Izquierdo (private equity analyst) before joining Gesconsult. Not an active partnership.
• Altamar CAM PartnersminorOthersFormer employer of Carlos Izquierdo (private equity analyst) before joining Gesconsult. Not an active partnership.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Azvalor Asset Management: Madrid-based boutique value-oriented asset manager offering Iberian and global equity funds; directly comparable to Gesconsult in target customer (Spanish retail/institutional), investment philosophy, and product positioning.
• Bestinver: Spanish boutique asset manager with a multi-decade value-investing heritage, offering equity and mixed funds to retail and institutional clients; competes head-to-head with Gesconsult in Spanish equity categories and shares a similar independent distribution philosophy.
• Renta 4 Banco: Spanish bank-owned asset manager and broker with multiple proprietary equity, fixed income, and pension funds; overlaps with Gesconsult in retail investor fund distribution and active management offerings, though with a much larger network and brand.
• EDM Gestión: Independent Spanish asset manager offering equity and fixed income funds with a value-oriented approach; directly comparable to Gesconsult in customer segmentation, product range, and Iberian/Eurozone investment focus.
• Cobas Asset Management: Spanish value-investing boutique founded by Francisco García Paramés, focused on Iberian and global equities; competes for the same Spanish retail and family-office investor base as Gesconsult with a similar bottom-up value philosophy.
• March Asset Management: Asset management arm of Banca March offering discretionary portfolios, funds, and SICAVs in Spain; comparable to Gesconsult in multi-vehicle offering (funds, pension plans, SICAVs) and Spanish family-office/institutional client base.
• Abante Asesores: Spanish independent wealth manager offering discretionary portfolio management, investment funds, and pension plans to retail and institutional clients; competes directly with Gesconsult in the Madrid-based independent advisory segment.
• Solventis: Spanish asset manager offering equity, mixed, and absolute return funds with value-style orientation; competes with Gesconsult across institutional and retail channels and is similarly sized within the Spanish SGIIC ecosystem.
• Magallanes Value Investors: Independent Spanish boutique specializing in Iberian and European value equities; overlaps directly with Gesconsult Renta Variable Iberia/Eurozona in mandate style and target investor profile.

Emerging players

• Dunas Capital: Spanish asset management platform with a focus on alternative and value strategies; overlaps with Gesconsult's Balian PE fund-of-funds offering and shares overlapping personnel history (Javier Reguart previously at Dunas Capital).

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/gesconsult
• YouTubeyoutube.com/channel/UCpq4xgVpZhcGS184ANlKbVA
• LinkedInes.linkedin.com/company/gesconsult
• Facebookfacebook.com/GesconsultFinconsult

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Gesconsult