52 Rue D'Anjou

Suite 6, 75008

Paris, France





 European Specialty Credit Firm


Incus Capital is a Madrid based Specialty Credit firm providing flexible credit solutions to lower and middle market European businesses. Since inception in 2011, the firm has invested over €700 million in more than 60 transactions across various sectors. The firm is owned and controlled by the Partners. 

European small and medium-sized enterprises (SMEs) are having limited access to capital since the financial crisis, and with the current regulatory and capital environment of the traditional banks, this situation is unlikely to change in the near term. This capital shortage has created an ideal environment for Specialty Credit firms to assume a greater role in funding SME capital and growth needs. Incus serves as a more flexible alternative to the traditional banking channels and a less dilute alternative to private equity for SMEs needing transitional capital.  

Incus has been designed with the right resources, expertise and capital needed to deliver substantial benefits to our borrowers, and in return, superior risk adjusted returns to our investors. The firm employs a fundamentally bottom-up approach to our underwriting analysis and takes a very active role in structuring the investment processes.

Our core strength lies in our strong local presence, our broad experience across numerous asset clases, and our ability to execute with high speed & flexibility. All of this makes us a partner of choice to deliver the customized credit solution for our clients’ needs. The firm sources transactions directly in the real economy via its proprietary deal origination network. 

  11-13 Boulevard de la Foire

Luxembourg-ville, Luxembourg






Paseo de la Castellana 60

6th floor, 28046

Madrid, Spain

Avenida da Liberdade 129B

Lisbon, Portugal