Pangram Capital Partners

Alternative Investment Vehicle


A pangram is a sentence that uses every letter of the alphabet

“The quick brown fox jumps over the lazy dog.”


What is Pangram Capital Partners?

ALTERNATIVE INVESTMENT VEHICLE

Pangram Capital Partners II, SCR-PYME, S.A. is an alternative investment vehicle managed by Quadriga Asset Managers. It offers customized and innovative short- and medium-term financing solutions to Spanish SMEs through a wide range of financial structures

Investment Thesis

Financing solutions through a broad array of financial structures: Equity, Debt, and/or Structured Solutions.

Risk Management

Identification of opportunities and design of innovative structures focused on clear exit strategies, aiming to optimize the risk-return profile of each investment

Unique Positioning

Differentiated from traditional bank financing, debt funds, and private equity, positioning ourselves in a unique market niche with a wide range of opportunities and limited competition

Differentiated Origination Process

Direct involvement of the team and its partners, leveraging extensive experience, a strong local network, and privileged market access — all of which provide a significant competitive advantage

Alignment and Experience

The investment commitment from the team members exceeds 5% of the fund size, significantly above the industry average


Tailored Financing Solutions to Maximize the Value of Your Project


We adopt a versatile and dynamic approach that allows us to adapt to the specific needs of each project. We specialize in creating customized structures that align shared interests to drive success.

EQUITY

Majority or minority stakes with preferred returns



30% + TARGET IRR

STRUCTURED SOLUTIONS

Hybrid structures that combine the security of debt with the upside potential of equity



20 - 25% TARGET IRR

DEBT

Overcollateralized financing with flexible principal and/or interest repayment structures


15 - 20% TARGET IRR


Our Approach

Short-Term Investments (2–3 years)

We focus on a short investment horizon, with a structure designed for a fast and efficient exit

Value Creation through Active Management

Our team is directly involved in managing operations, ensuring close and effective oversight


In-Depth Analysis of Management Teams

The key to our investments lies in the quality and capability of the management teams leading each project




Generalist Investment Approach

We do not limit our investments to specific sectors, allowing us to adapt to a wide range of business opportunities



Agile Decision-Making Process

Flexibility is at the core of our strategy, enabling us to act quickly at critical moments



Risk Management

HOW DO WE MANAGE RISK AT PANGRAM CAPITAL PARTNERS?

Risk management is the cornerstone of our investment process. We focus on protecting invested capital through clear and effective strategies that mitigate the inherent risks of alternative investments.

EXIT-ORIENTED APPROACH

Designing clear exit strategies to minimize timing and illiquidity risks

PROTECTIVE STRUCTURES

Overcollateralized debt structures with low LTVs, put option strategies, preferred returns, and other protective mechanisms


LOW LEVERAGE

Our fund’s investments maintain a very limited exposure to leverage


NON-CORRELATED TO PUBLIC MARKETS

Investments focused on the “real economy,” with limited exposure to market volatility


DIVERSIFICATION

Balanced use of financial structures, asset classes, and investment sectors


SUPPLY CHAIN RESILIENCE

Commitment to local reindustrialization by investing in Spanish SMEs


Commitment and Ethics in Every Decision

WE SUPPORT COMPANIES AND THEIR TEAMS THROUGHOUT BUSINESS DEVELOPMENT

We are committed to acting with the highest level of integrity and responsibility in all our decisions and operations

Multi-Strategic

Transparent

Adaptable

Agile

Collaborative

Comprometidos


Driving Value in Every Project

MORE THAN 1.3 MILLION SMEs IN SPAIN

SMEs are the backbone of the Spanish economy, yet many face difficulties accessing financing due to an increasingly concentrated banking system and limited access to capital

Why Choose Pangram ?

  • FLEXIBLE AND TACTICAL APPROACH: We offer tailored financial solutions adapted to the specific needs of each SME
  • ACCESS TO CUSTOMIZED FINANCING: Our investment approach is designed for companies that traditional capital providers cannot serve due to the rigidity of their mandates
  • STRATEGIC PARTNER: We become a key ally in the development and growth of the company, delivering value beyond capital


20 - 25% TARGET IRR


About Us

FULL COMMITMENT TO EXCELLENCE

Pangram has a leading investment team with over 70 years of combined experience in the market

Álvaro de la Guardia

FOUNDING & MANAGING PARTNER

Javier Jarabo

MANAGING PARTNER

Álvaro Alonso

PARTNER



Álvaro Beneyto

INVESTMENT ASSOCIATE


Cristina Laredo

INVESTMENT & OPERATIONS ANALYST

Beatriz Egea

LEGAL ADVISOR


Iñigo Resusta

PARTNER


Contact Us

Address

Cuesta del Sagrado Corazón 6-8,

28016, Madrid. España

Email

pangramcapital@quadrigafunds.es



Phone



PANGRAM CAPITAL PARTNERS II, SCR-PYME, S.A. - QUADRIGA ASSET MANAGERS, SGIIC, S.A. 2025

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