Private Equity AgriFood – Impact Bridge Asset Management

IB Sustainable AgriFood Fund I — FCR & SCR

Supporting Spanish SMEs in the AgriFood transition

IB SAF I invests in the equity of small but fast-growing Spanish AgriFood SMEs to accelerate growth through sustainability.

2025

Launch year

€164m

AuM committed

Open

Commercialisation

Dec 2026

Date final closing

Investment strategy

Target size€150m (Hard cap €170m)
Diversification8–12 portfolio companies, Average ticket €10–15m (range €5–25m)
Target companiesLower SME market (€1–5m EBITDA) and occasionally middle-market (€6–10m)
GeographySpain (≥85%), Southern Europe (≤15%)
ParticipationProactive ownership. Majorities and relevant minorities
PartnershipsPartnership with families and founders
Target net IRR15%
SFDRArticle 9

Target sectors

Farming

Transformation

Enabling industries

Impact objectives

Digitalisation
Innovation
Consolidation
Governance

SME competitiveness

Rural development
Decent work
Vulnerable groups
Nutritional wellness

Social impact in Spain

CO₂ reduction
Circular economy
Climate adaptation
Biodiversity

Climate & environment

Portfolio

Private Equity AgriFood, 2026

Airos

Leading Spanish group specialized in gluten-free products, including complementary players Airos (bakery and pastries) and Esgir (value-added cereals).

Nutritional wellness

Private Equity AgriFood, 2026

Ikos Advanced

Spanish AgTech company using proprietary AI solutions to optimise resources and develop an agri-marketplace. Market leader in Almería.

DigitalisationClimate adaptation

Governance

Investment team

The Impact Bridge professionals leading origination, execution and portfolio management for this strategy.

Carlos de Abajo, DBA

Managing Partner, Co-Head of Private Equity AgriFood

DBA: "Africa electrification"
Professor at Comillas University

Former:

MD M&A Iberia BoAML
MD M&A Iberia Morgan Stanley

Fernando Sanz-Pastor

Managing Partner, Co-Head of Private Equity AgriFood

Former:

MD Alantra Private Equity: Food, Agri & ESG
Investor in the agribusiness, education, health and industrial sectors

Cristiano Bartolini

Senior Director

Former:

Private Equity at Alantra (Agri, Food & Industrial Tech)
M&A at BNP Paribas

Juan Mazarrasa

Investment Principal

Former:

Vice-President Iberia M&A at Bank of America
Iberia M&A at Mediobanca
Double Master: Industrial Engineering + MBA (ICAI)

Ricardo Giménez-Arnau

Investment Associate

Former:

M&A at Société Générale
Double Degree: BBA and International Relations (ICADE)

Aitor Ortiz

Investment Analyst

Former:

M&A at AZ Capital
Lawyer at Uría Menéndez
BBA at Universidad de Deusto

Isabela Lantero

Investment Analyst

Former:

Investment Accounting at BlackRock
Double Degree: BBA and Business Analytics (ICADE)

Impact Committee

Independent experts who validate the impact thesis of every investment and oversee fund-level impact reporting.

Concepción Galdón, PhD

Chair, President of the Impact Committee

Vice-Dean of Business with Purpose at IE Business School
Board Member Ashoka Spain
Co-founder & CEO of Puentes Global

Former:

Banco Santander

Mónica Gil-Casares

Impact Committee Member

Director of Social Impact at CODESPA
Director of Projects & Research at the Business Observatory for Inclusive Growth

Former:

Corporate Social Responsibility at Inditex

David Pereira

Impact Committee Member

General Director of Cool Farms

Former:

Head of Agro Smart Equity Fund
Smart Debt Fund
Venture Capital Funds
Advance Debt Fund - all at Banco Santander

ÁC

Álvaro Colino

Impact Committee Member

Director of Sustainable Products at CaixaBank

Former:

Director of Large Business Centres Madrid
Director Empresa Centres Madrid Castellana - CaixaBank

Pilar Martínez

Impact Committee Member

Head of Sustainable Food Programmes at Fundación Daniel y Nina Carasso

Former:

Researcher at Universidad Politécnica de Madrid
Agricultural Engineer, Fundación Daniel y Nina Carasso

AgriFood Expert Network

Selected members covering different segments of the value chain and different functions.

Isabel García Tejerina

Agriculture, fishery, regulation

EY: Senior advisor in Public Sector and Climate & Sustainability
Iberdrola: Board Member

Former:

Minister of Agriculture and Fishery in the Government of Spain

Roberto Vitón

Agriculture, sustainability

Valoral Advisors (AgriFood investment advisory): Founder and Managing Director
The Yield Lab Latam (AgriFoodTech Venture Capital): Managing Director

Former:

McKinsey & Company

Flavio Alzueta

Agriculture, consulting, sustainability

NEOM: Head of Sustainable Food Supply and ESG
GLOBAL GAP: Advisory Board

Former:

GLOBAL GAP: VP and Chief Marketing Officer

Luis Bolaños

Agriculture, finance, biodiversity

President of Iberhanse Corporate
President of Iberhanse Foundation

Former:

Founder of Bio-Inclusive Agriculture
CEO and Founder of Naturgreen
Andalusia Environmental Award for Biodiversity

Francisco Noguera

Finance, packaging, buyouts

Entrepreneur and investor

Former:

Mivisa (tinplate can manufacturing for food): CFO

Diego Puerta

Dairy, retail, consulting

Guivry Consulting (consulting for AgriFood companies): CEO

Former:

Lactalis: Head of Asia, Oceania & Africa
Puleva: General Manager
Galbani: CEO

Jacobo Olalla

Drinks, internationalization

Cerveceros de España: General Manager
The Brewers of Europe: Board Member

Former:

SAE de Fomento del Lúpulo: General Manager

Miguel López

Agriculture, IT, M&A

Primaflor Group: External advisor and Co-Director of the Chair
Almería Chamber of Commerce: Member of the executive committee

Former:

Grupo Jarquil: CEO and External Advisor
Fundación Tecnova: Founder

Rafael de Tomás

Biostimulants

Dadelos: CEO

Former:

Agritecno: Co-founder and CEO
AEVAE (Spanish Association for the Valorisation of Packaging): President

Legal documentation

Past performance is not a reliable indicator of future results. Target returns are based on reasonable assumptions and do not constitute a guarantee.