Bankinter Investment, which was launched in 2019 as its own brand, consolidated its leadership position in alternative investment in the Spanish private banking segment last year. Since the first vehicle (Ores SOMICI) was launched in December 2016 until the end of last year, the Bank's alternative investment platform has raised more than 3.2 billion euros of capital from Spanish private and institutional banking customers, with a total investment of almost 6 billion euros, including the leverage effect. With these figures, the business unit is closer to the objectives set for December 2022: Reach €4,000 million in customer managed capital and €8,000 million in investment in different types of alternative assets.
In the current environment of low or negative interest rates and market volatility, which makes traditional investment extremely complicated, alternative assets constitute Bankinter's value proposition for high net worth individuals and institutional customers.
The strategy involves finding the best possible professional manager for each type of investment and co-invest with them in the vehicle to be managed. In any case, the bank ensures it plays a role in the decision-making bodies and reserves the right to veto any aspects of management that do not comply with the commitments made to investors.
In 2021 Bankinter Investment executed different operations and investments. Two of them stood out for their size and uniqueness:
With these two operations, Bankinter Investment consolidates itself as the main player in the sector. In the last five years, it has launched 16 successful investment vehicles, which form the largest existing alternative platform in Spain. These include the following:
Other basic activities carried out by Bankinter Investment include advisory services in the area of mergers and acquisitions, capital markets, real estate transactions and financing (through the Bank's own balance sheet) of entrepreneurial projects.