Álvaro is a Partner at Incus Capital with 20 years of experience in the financial services industry. Since joining Incus in 2013, he has been a member of the Investment Advisory Committee. His focus is on the origination and execution of structured credit opportunities having closed transactions in the infrastructure, leasing, and real estate industries. He also led the origination of the Incus Government Receivables Strategy with more than €150 million invested. Prior to joining Incus, he worked at Akerton Partners, a Spanish advisory firm specialized in refinancing and restructuring corporate debt. Previously, Álvaro worked in the Mergers & Acquisition FIG team at Morgan Stanley (London) a Corporate Finance group at BCH (Madrid). Álvaro holds a BA in Economics & Business Administration from ICADE (Madrid).
Andrew is the Founder and Chief Investment Officer of Incus Capital. Andrew leads the Investment Team and the Investment Committee at Incus. He has overseen the company since inception and helped grow the company from a niche player to an established mid-market asset manager covering multiple EU jurisdictions. During this time and under his leadership, the firm has closed more than 60 transactions with an invested capital of €1 billion. Prior to Incus, Andrew Co-Founded and was CEO of Hipoges Iberia. Hipoges is a Madrid based pan European servicer with more than €8 billion of loans and real estate AUMs. In 2018, the founders sold the company to KKR. From 2000-2008, Andrew was at Lehman Brothers in the Principal Finance Group where he was head of the Southern European NPL business. During his time at Lehman, Andrew was also involved in transactions across a number of jurisdictions and asset classes, including: UK (pubs, cinemas, car parks, and natural gas infrastructure), Italy (Telecom, NPLs), Germany (residential real estate, SME, and telecom), Portugal (NPLs, RE) and Spain (NPLs). Prior to Lehman, Andrew worked in the Commodities group at Morgan Stanley making principal investments in Electricity markets. Andrew holds an MBA from the London Business School and an honors degree from University of Western Ontario.
Corrado is a Managing Director at Incus Capital with over 25 years of experience in financial markets. From 2010 to June 2018 he worked at Credit Suisse as Head of Global Market sales for Italy. During this period Corrado has been instrumental in sourcing and structuring several deals of NPLs, Real Estate and Securitized Products. Prior to 2010 he worked in senior positions at Nomura, Lehman Brothers, Merrill Lynch and JP Morgan in London, Milan and New York where he has covered different roles in trading and sales within the Fixed Income division. Corrado has been involved in multiple and complex transaction in Italy with banks, insurance companies, asset managers and government related entities. He holds a degree in Economics with major in Finance from Bocconi University (Italy).
Sébastien is a Managing Director at Incus Capital with more than 20 years of experience in the financial markets. Sébastien is based in the Incus Paris office and is Head of France and Benelux, responsible for originating transactions in the region. Prior to Incus, Sébastien worked at Natixis Asset Management as a Senior Advisor to the CEO and CIO on the development of a global structured finance platform. From 2002 to 2016, he worked in the Fixed Income department of Morgan Stanley and became a Managing Director and country Head of France. He has been involved in a number of complex and strategic credit restructuring and deleveraging transactions for French and Benelux institutions. Sébastien holds a BA in Management and a Master Degree in Financial Markets (DESS 203) from University Paris Dauphine.
Country Heads & Managing Directors
Tiago is a Managing Director at Incus Capital with more than 20 years of experience in the financial markets. Tiago is based in the Incus Lisbon office and as Portugal Country Manager is responsible for originating transactions in the region. Prior to Incus, Tiago was a Managing Director on the Fixed Income department at Credit Suisse and before that he worked for Merrill Lynch. Based in London, Madrid and Lisbon he lead the origination and execution of a number of complex and strategic transactions for Iberian institutions. Tiago holds a degree in Economics with a major in Finance from Nova School of Business & Economics (Portugal).
Martin is a Partner and Chief Operating Officer of Incus Capital with 20 years of experience in the financial services industry. Martin manages all business aspects of the firm and all duties non-investment, including product development, operations, compliance, finance, IT, HR and investor relations. Prior to joining Incus, Martin was a Managing Director at Macquarie Capital based in New York. He was Head of European institutional equities for North America and a member of the European Management Committee responsible for overseeing the European equities platform globally. Before Macquarie’s acquisition of Fox-Pitt, Kelton (FPK) in 2009, he was a Managing Director serving on FPK´s European and Asian Equities Management committees. Previously, Martin worked in the Corporate Finance department of the National Bank of Canada reporting to the group CFO and also worked at Mirabaud Canada. Martin is a Co-Founder of Expo Holdings, a US real estate private equity fund investing in single family and multi-residential properties. Martin holds an MBA from the Schulich School of Business at York University (Canada) and a BA from Dalhousie University.
Alejandro is a Partner at Incus Capital with 20 years of experience in the real estate sector. He is one of the Founding Partners of the firm and a member of the Investment Team and Investment Committee. Since the inception, Alejandro has completed more than 20 transactions with an invested capital of €300 million. Before joining Incus, Alejandro was the Head of Commercial Real Estate at Hipoges Iberia. Prior to that, he worked on the Morgan Stanley Real Estate Funds platform in Madrid, where he participated in the acquisition, management, financing and disposal of a broad array of real estate assets in different jurisdictions. Previously, he worked as an asset manager for ING Real Estate Investment Management and as a real estate corporate finance consultant for IREA and Arthur Andersen. Alejandro holds a double BA in both Law and Economics & Business Administration from ICADE (Spain), and a Real Estate Degree from Instituto de Empresa (Spain), where he currently is a lecturer for several Real Estate Programs.
Estanislao is a Partner at Incus Capital with 20 years of experience in the financial services industry. Estanislao joined Incus in 2013 and is a member of the Investment team and Investment Committee. He has been focused on origination and execution of structured credit opportunities having closed transactions in the water utility, toll road, port concession, food and agri and energy industries. Estanislao is also responsible for the origination of primary market leasing transactios. Prior to joining Incus, Estanislao worked at Natixis, Rabobank and JPMorgan Chase in the Leverage Buy Out, Structured Finance and M&A departments. Always based in Madrid, he has participated in multiple cross-border transactions in different European jurisdictions. Estanislao holds a BA in Law from the Complutense University of Madrid and a BA in Business Administration from San Pablo CEU University.