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Spanish Private Debt

Debt financing to underserved Iberian SMEs with clear impact goals.

IB Deuda Impacto España, FESE

High-quality impact in the Iberian real economy

IB Deuda Impacto España is a high-impact flexible private senior debt fund focused on underserved Iberian SMEs. With over €147m in AuM and 300+ clients, the strategy combines capital preservation with measurable social and environmental outcomes.

2023
Launch year
€147m
AuM committed
Closed
Commercialisation
2025
Date final closing

Investment strategy

  • StrategyHigh-impact flexible private senior debt
  • Target borrowersSMEs (40–60%), Small Mid-Caps (30–40%), Mid-Caps (0–15%)
  • Type of financingSenior secured loans (60%), Senior unsecured (25%), Subordinated (10%), Equity-like (5%)
  • DiversificationTarget 40 multi-sector investments, Maximum 4.0% per investment
  • GeographySpain (≥85%) and Portugal
  • Duration3 years investment + 4 years harvesting
  • Target net IRRBenchmarked to eligible private debt comparables (EUR)
  • SFDRArticle 9

Impact objectives

  • Rural development
  • Decent work
  • Vulnerable groups
  • Women empowerment
Challenges in Spain
  • Financial inclusion
  • Education
  • Energy
  • Healthcare
Basic services
  • Circular economy
  • Sustainable agriculture
  • Environmental transition
  • Energy efficiency
Climate & environment

Select portfolio companies

Spanish Private Debt, 2024
Moda Re-
Cáritas social enterprise collecting, reusing and recycling used clothing while integrating socially excluded individuals into the workforce.
Circular economyVulnerable groups
Spanish Private Debt, 2023
Ilunion
Social economy group employing people with disabilities across laundry, hospitality and facilities sectors in Spain.
Vulnerable groupsDecent work
Spanish Private Debt, 2025
tuTecho
Affordable housing platform supporting families and individuals in accessing dignified homes through a social-economic model.
Rural developmentVulnerable groups
Spanish Private Debt, 2025
Ecoalf
Fashion brand producing garments from recycled marine and post-consumer waste - pioneering the Upcycling the Oceans project.
Circular economyClimate
Spanish Private Debt, 2026
Fundación Secretariado Gitano
Spain's leading organisation supporting Roma community integration through employment, education and equal opportunity programmes.
Vulnerable groups
Spanish Private Debt, 2026
Desconecta
Platform supporting workplace mental health and wellbeing across Spanish SMEs through tailored programmes.
HealthcareDecent work

Governance

Investment team

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

Maria Samoilova
Maria Samoilova
Managing Partner, Head of Spanish Private Debt
Former:
  • MD & Head of M&A Iberia, J.P. Morgan Madrid
  • M&A industrial coverage, J.P. Morgan London
  • Leveraged Finance, J.P. Morgan New York
David Rodríguez
David Rodríguez
Managing Director
Laura Aranguren
Laura Aranguren
Investment Associate
Former:
  • Associate at Oquendo Capital
  • Restructuring at KPMG
  • BBA University of Deusto
Flavia Bernar
Flavia Bernar
Investment Associate
Former:
  • Energy management at Qualitas Energy
  • Renewable DD at G-advisory (Garrigues Group)
  • Business Development at Acciona Generación Renovable
  • Industrial Engineering (Energy Technologies) - ETSII-UPM + IIT
Lía Freire
Lía Freire
Investment Analyst
Former:
  • Strategy and Transactions at EY
  • Double Degree: BBA and Business Analytics (ICADE)
Iratxe Ibañez
Iratxe Ibañez
Investment Analyst
Former:
  • Analyst at PwC CMAAS
  • Economics - Universidad Carlos III de Madrid
Juan Carlos Miralles
Juan Carlos Miralles
Investment Analyst
Former:
  • Investment Analyst at La Bolsa Social
  • Aerospace Engineering - Universitat Politècnica de València

Impact Committee

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

Cristina González Viu
Cristina González Viu
Chair, President of the Impact Committee
  • General Director of MicroBank
  • Management Programme for Women in Senior Management (ESADE)
  • Transformational Leadership Programme (IESE)
Former:
  • Territorial Director for Castilla-La Mancha and Extremadura at CaixaBank
Saskia Bruysten
Saskia Bruysten
Impact Committee Member
  • Co-founder (with Nobel Peace Laureate M. Yunus) and President of Yunus Social Business
  • Member EC Expert Group on Social Entrepreneurship
Former:
  • CEO Grameen Lab
  • Boston Consulting Group
Isabela del Alcázar
Isabela del Alcázar
Impact Committee Member
  • Global Head of Sustainability at IE University
  • PhD Molecular Biology (UAM)
Former:
  • Founder of PTS (biotech, acquired by Arcline)
  • Madrid MIT Consortium
José María Vera
José María Vera
Impact Committee Member
  • Executive Director UNICEF Spain
  • Professor at Advanscore School of Management
Former:
  • Executive Director Oxfam International
  • Executive Director Oxfam Intermón
Joaquín Garralda
Joaquín Garralda
Impact Committee Member
  • President of Spainsif
  • President of the UN Global Compact Ethics Committee
  • Dean of Academic Ordering at IE Business School
Former:
  • Secretary of the Spanish Network of the UN Global Compact

Legal documentation

Registered name (CNMV): IB Deuda Impacto España, FESE