Spain Private Capital: Private Equity and Venture Capital Fundraising Hits Record High

Spain’s private capital market reached a new fundraising milestone in 2025. While private equity and venture capital remain the backbone of the market, infrastructure and secondaries emerged as key growth drivers, highlighting the increasing scale and sophistication of Spain's fundraising landscape.

This Data Drop explores fundraising trends in the country, including:

• Record fundraising: Spain-based managers achieved an all-time high €11.4bn of private capital fundraising in 2025

• Shifting strategy dynamics: Private equity secondaries, continuation funds, and infrastructure contributed to growth

• Capital concentration: The market is consolidating into fewer, larger vehicles

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