Bestinver

What Bestinver does

Bestinver is a Madrid-headquartered, privately held Spanish asset manager founded in 1988 and operating as a subsidiary of the ACCIONA group. Through multiple legal entities — Bestinver Gestión SGIIC (mutual funds), Bestinver Pensiones EGFP (pension plans and Basque Country EPSV plans), Bestinver Sociedad de Valores (securities brokerage, integrating the former Fidentiis), and Bestinver Activos Inmobiliarios (real estate) — it manages approximately €7,489 million in assets on behalf of around 50,000 investors. Its product set spans equity funds (Bestinfond, Internacional, Bolsa, Norteamérica, Grandes Compañías, Megatendencias, Latam, Solidario), fixed income and mixed funds (Mixto, Patrimonio, Deuda Corporativa, Renta, Corto Plazo, Bonos Institucional), free investment funds (Consumo Global, Tordesillas), pension plans, and illiquid alternatives (Infra, Infra II, Private Equity Fund), plus Luxembourg SICAVs.

The firm runs a value-investing, fundamentally driven investment process executed by a team of 40+ analysts and portfolio managers organized by region (Iberia, International, Latam, North America) and sector (Industrial, TMT, Financial, Consumer). Revenue is generated through asset-based management fees on mutual funds and pension plans, advisory fees on alternative investments, brokerage commissions via Bestinver Securities, and performance-related fees where applicable. Distribution combines an owned network of 11 Spanish offices, phone advisory, and a self-serve website, supported by an active content and education layer (Bestinver Investment School, the 'Valor con B' podcast, quarterly investor letters, and the IESE Business School Observatory).

Customer segments are primarily individual retail investors (entry from €100), with secondary high-net-worth and professional segments served via higher-ticket free investment funds (€100,000 minimum) and infrastructure/PE vehicles (€100,000 minimum, 8–10 year lock-up). The business is regulated by Spanish authorities, holds an AENOR ISO 22301:2020 business continuity certification, and was awarded Rankia Best National Fund Manager 2025 and Expansión's best Spanish equity manager 2025 (Ricardo Seixas).

Name

Bestinver

Legal name

BESTINVER GESTIÓN S.A. S.G.I.I.C.

Website

https://bestinver.es

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Bestinver is a Madrid-headquartered Spanish asset manager (part of the ACCIONA group) managing approximately €7,489 million across mutual funds, pension plans, and alternatives for around 50,000 retail and HNW investors via a value-investing, fundamentally driven approach.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Pension Funds (525110), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

Keywords

• Asset management
• Mutual fund management
• Pension plan management
• Value investing
• Alternative investments

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mutual Fund Management Fees: BESTINVER generates revenue through management fees charged on its mutual funds (fondos de inversión) including equity funds (Bestinfond, Bestinver Internacional, Bestinver Bolsa, Bestinver Norteamérica, Bestinver Grandes Compañías, Bestinver Megatendencias, Bestinver Latam), fixed income and mixed funds (Bestinver Mixto, Bestinver Patrimonio, Bestinver Deuda Corporativa, Bestinver Renta, Bestinver Corto Plazo, Bestinver Bonos Institucional series), and free investment funds (Bestinver Consumo Global, Bestinver Tordesillas).
2. Pension Plan Management Fees: Revenue from managing pension plans (planes de pensiones) including Bestinver Global, Bestinver Plan Norteamérica, Bestinver Plan Mixto, Bestinver Plan Indexado Equilibrio, Bestinver Plan Patrimonio, Bestinver Plan Renta, and EPSV individual plans (Bestinver Crecimiento, Bestinver Futuro, Bestinver Consolidación).
3. Alternative Investments Advisory: Revenue from advisory services for alternative investments including infrastructure funds (Bestinver Infra, Bestinver Infra II) and private equity (Bestinver Private Equity Fund), with minimum investment of 10,000€ for the advisory service.
4. Securities Trading: BESTINVER operates through Bestinver Securities (Sociedad de Valores) for securities trading and brokerage services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Bestinver is an independent asset manager offering mutual funds (equity, fixed income, mixed, and free investment funds), pension plans (including Basque Country EPSV schemes), alternative investments (infrastructure funds and private equity), and securities brokerage services. The firm manages €7,489 million in assets for approximately 50,000 investors using a value investing philosophy rooted in fundamental analysis. Products are distributed through a network of 11 Spanish offices, phone advisory, and direct website channels, with entry points starting at €100 for standard funds and €100,000 for alternative investment vehicles.

Product overview

Bestinver is an independent investment management firm (part of ACCIONA Group) offering a comprehensive suite of investment products. The portfolio comprises equity funds (Bestinfond, Bestinver Internacional, Bestinver Bolsa, Bestinver Norteamérica, Bestinver Grandes Compañías, Bestinver Megatendencias, Bestinver Latam, Bestinver Solidario), fixed income and mixed funds (Bestinver Mixto, Bestinver Patrimonio, Bestinver Deuda Corporativa, Bestinver Renta, Bestinver Corto Plazo, Bestinver Bonos Institucional series), free investment funds (Bestinver Consumo Global, Bestinver Tordesillas), pension plans (Bestinver Global, Bestinver Plan Norteamérica, Bestinver Plan Mixto, Bestinver Plan Indexado Equilibrio, Bestinver Plan Patrimonio, Bestinver Plan Renta, plus Basque Country EPSV plans), and alternative investments (infrastructure funds Bestinver Infra/Infra II, and Bestinver Private Equity Fund). The company manages €7,489 million in assets for 50,000 investors with over 35 years of experience, using a value investing philosophy.

Differentiator

Problem solved

Functional benefit

Brands

• Bestinfond: Global equity fund that invests up to 100% in global equities, with European companies being the most represented in the portfolio.
• Bestinver Internacional
• Bestinver Bolsa
• Bestinver Norteamérica
• Bestinver Grandes Compañías
• Bestinver Mixto
• Bestinver Patrimonio
• Bestinver Renta
• Bestinver Corto Plazo
• Bestinver Megatendencias
• Bestinver Latam
• Bestinver Deuda Corporativa
• Bestinver Solidario
• Bestinver Consumo Global
• Bestinver Tordesillas

Products and services

• Bestinfond, F.I. Global equity fund that invests up to 100% in global equities, with European-listed companies most represented. Targeted at investors with a long-term investment horizon of more than 5 years.
• Bestinver Internacional, F.I. International equity fund investing in global equity markets outside the Iberian peninsula, providing diversified exposure to international markets.
• Bestinver Bolsa, F.I. Spanish and Portuguese (Iberian) equity fund investing up to 100% in Iberian variable income securities, directed at investors with a long-term horizon of more than 5 years. Achieved 58.13% return in 2025 YTD.
• Bestinver Norteamérica, F.I. Fund that invests at least 75% of total exposure in equity securities and the remainder in fixed income assets, focused on North American markets. Launched in October 2022, directed at long-term investors.
• Bestinver Grandes Compañías, F.I. Global large-cap equity fund investing up to 100% in global large-cap companies. Directed at investors with a long-term investment horizon of more than 5 years.
• Bestinver Megatendencias, F.I. Fund investing in long-term megatrends that will drive economic development over the coming decades, including quality of life improvement, digitization and automation, and economy decarbonization.
• Bestinver Latam, F.I. Latin American equity fund investing in Latin American markets, providing regional diversification within emerging market equities.
• Bestinver Solidario, F.I. Solidarity investment fund that channels a portion of management fees to charitable foundations, combining investment returns with charitable giving.
• Bestinver Mixto, F.I. Mixed fund combining equity and fixed income investments with a flexible allocation strategy.
• Bestinver Patrimonio, F.I. Balanced fund focused on capital preservation with diversified fixed income and equity exposure.
• Bestinver Deuda Corporativa, F.I. Corporate debt fund investing primarily in corporate fixed income securities.
• Bestinver Renta, F.I. Flexible fixed income fund investing across all fixed income segments, maintaining an average credit rating of Investment Grade (above BBB- by at least one rating agency). Directed at investors with a short-term horizon (1-2 years).
• Bestinver Corto Plazo, F.I. Short-term fixed income fund with expected yield (TIR) of 3.70%, offering liquidity and tax advantages for Spanish resident investors.
• Bestinver Bonos Institucional, F.I. (Series I-V) Institutional bond funds (Series I through V) investing in fixed income securities for institutional investors.
• Bestinver Consumo Global, F.I.L. Free investment fund (FIL) specializing in global consumer sector, with daily liquidity and minimum investment of €100,000.
• Bestinver Tordesillas, F.I.L. Free investment fund (FIL) with diversified investment strategy.
• Bestvalue, F.I. Value-oriented investment fund aligned with Bestinver's core value investing philosophy.
• SICAV Luxemburguesas Luxembourg-based variable capital investment companies (SICAVs) for cross-border wealth management.
• Bestinver Global, F.P. Variable income pension plan with global equity focus for retirement savings.
• Bestinver Plan Norteamérica, F.P. North America-focused variable income pension plan for retirement savings with US equity exposure.
• Bestinver Plan Mixto, F.P. Mixed pension plan combining fixed income and equity investments for retirement savings.
• Bestinver Plan Indexado Equilibrio, F.P. Indexed balanced pension plan with diversified asset allocation for retirement savings.
• Bestinver Plan Patrimonio, F.P. Balanced pension plan focused on capital preservation for retirement savings.
• Bestinver Plan Renta, F.P. Fixed income-focused pension plan for conservative retirement savers.
• Bestinver Crecimiento, P.P.S. Individual (EPSV) Individual social previsión plan (EPSV) for growth-oriented investors in the Basque Country EPSV system.
• Bestinver Futuro, P.P.S. Individual (EPSV) Individual social previsión plan (EPSV) for future-oriented investors in the Basque Country EPSV system.
• Bestinver Consolidación, P.P.S. Individual (EPSV) Individual social previsión plan (EPSV) for consolidation-oriented investors in the Basque Country EPSV system.
• Fondos de Pensiones de Empleo Employment pension funds designed for company employees as part of corporate benefits programs.
• Bestinver Infra II, F.C.R. Infrastructure fund of funds (F.C.R.) with capital risk focus, investing in real infrastructure assets.
• Bestinver Infra, F.C.R. Infrastructure fund (F.C.R.) investing in real infrastructure assets.
• Bestinver Private Equity Fund, F.C.R. Private equity fund (F.C.R.) investing in unlisted companies. Minimum commitment of €100,000 to be maintained for 8 years (extendable to 10 years), with higher complexity and illiquidity risks.
• Infra II Investments, SCR, S.A. Infrastructure investment company (Sociedad de Capital Riesgo) for infrastructure investments.
• Bestinver Securities (Brokerage Services) Securities trading and brokerage services operated through Bestinver Securities (Sociedad de Valores), formerly known as Fidentiis before integration into Bestinver.
• Bestinver Activos Inmobiliarios Real estate assets management services offered through Bestinver Activos Inmobiliarios.
• Alternative Investment Advisory Service Advisory service for alternative investments including infrastructure funds (Bestinver Infra, Bestinver Infra II) and private equity (Bestinver Private Equity Fund). Minimum investment of €10,000.

Quantifiable outcome

• 50,000 investors trust BESTINVER with 7,489 million euros in assets under management
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• IESE Business SchoolcoreStrategic or Co-development PartnerBESTINVER maintains an ongoing research partnership with IESE Business School through the 'Observatorio BESTINVER-IESE', now in its 5th edition. This annual research initiative studies Spanish savings and investment behavior through national surveys, providing educational content and research publications that benefit both the firm and the broader investment community.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• CaixaBank Asset Management: Asset management arm of CaixaBank, one of Spain's largest banking groups, with a comprehensive fund and pension plan offering. Competes with Bestinver across the same retail Spanish segments but with much larger scale, captive branch distribution, and a broader multi-strategy lineup.
• BBVA Asset Management: Asset management division of BBVA offering mutual funds, pension plans, and discretionary portfolios. Directly competes with Bestinver for Spanish retail and HNW savings, with the advantage of BBVA's branch network and larger AUM base.
• Santander Asset Management: Global asset manager owned by Banco Santander, offering funds, pension plans, and alternatives with a strong Iberian presence. Overlaps with Bestinver in Spanish retail funds and pension plans but operates at materially larger AUM scale and with international distribution.

Regional players

• Edmond de Rothschild Asset Management: European private banking and asset manager with value-tilted and conviction-driven strategies across European and global equities. Comparable to Bestinver on investment philosophy and fund structure, but primarily serves Continental European (including Iberian) clients from a non-Spanish headquarters.

Direct peers

• Magallanes Value Investors: Madrid-based boutique asset manager applying deep-value investing to European and Iberian equities via mutual funds. Comparable to Bestinver in size, Spanish domicile, value philosophy, and retail/HNW distribution.
• azValor Asset Management: Spanish independent value-investing boutique with Iberian and international equity funds. Closely comparable to Bestinver on philosophy, target client (Spanish retail and HNW), and product structure (mutual funds and pension wrappers).
• Cobas Asset Management: Spanish independent asset manager founded by Francisco García Paramés applying a value-investing philosophy to Iberian and international equities. Directly comparable to Bestinver in philosophy, product focus (mutual funds and pension plans), and target retail/HNW Spanish client base.
• Mutuactivos: Spanish asset manager offering mutual funds, pension plans, and alternative strategies to retail and institutional clients. Comparable to Bestinver in product mix, Spanish distribution footprint, and broad active-management proposition.
• Renta 4 Banco: Spanish wealth manager and broker offering proprietary and third-party asset management, securities brokerage, and pension plans. Comparable to Bestinver in product breadth and Spanish retail/HNW focus, with overlap in mutual fund, pension, and brokerage services.
• Tressis Gestión: Spanish independent wealth manager and asset manager offering proprietary and third-party funds, pension plans, and advisory services. Comparable to Bestinver in Spanish retail/HNW positioning and in combining proprietary fund management with broader investment services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCZcJHRoLFW6BqE6X2IVwDQA
• Facebookfacebook.com/Bestinver
• LinkedInlinkedin.com/company/bestinver

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 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 Bestinver