Intermoney, which is part of the CIMD group, manages more than €4.5bn in assets. They stand out due to consistently placing most of their funds in the first and second performance quartiles, and thanks to their history of good results. In addition, they stand out in the fixed income credit market. The Avance Multiactivos fund, under the direction of Javier García Teso, has maintained its position in the first decile by performance in its category since its inception.
Regarding their offering in private assets, it is noted that they recently completed the first closing of ILEX Renovables 2, which raised nearly €35m. The response has been very positive, and they anticipate a second closure later this year. The team has a great reputation and has specialised in an attractive niche where they can optimise assets and add value. They offer investment opportunities in stable, low-risk assets with steady cash flows and protection against inflation with annual distributions greater than 6%.
Javier García Teso began his career in the investment banking and wealth advisory departments of Morgan Stanley in London. He was the co-founder and head of research for the Ben Oldman Special Situations Fund which launched in 2013 with a strategy focused on special situations and focused on credit investments. During that period, the fund grew from €15m to €200m in three years, and it achieved a net return of more than 100%.
Prior to this fund, Intermoney raised more than €50m and completed 41 transactions in less than three years. With their latest investment, they aim to raise €100m with a capital commitment of 3% by the company.
