Top Family Offices in Madrid 2026

Key Facts About Madrid's Family Office Market

• Madrid hosts 72% of Spain's largest 2,000 firms, making it the country's dominant hub for wealth management and private wealth activity.
• Pontegadea Inversiones, with operations in Madrid, manages $53.8 billion in assets under management (AUM), the largest figure for any family office in Spain.
• Roughly 63% of Madrid-based businesses are family-owned. This creates strong demand for dedicated single family office (SFO) and multi-family office (MFO) services.
• An estimated 35% of Spanish family offices will face a generational transition within the next decade, driving urgent demand for succession planning and family governance.
• Spain's 1.1 million family businesses account for 90% of all private companies and generate nearly 60% of GDP.
• Madrid-based MFOs like MdF Family Partners and Proaltus Capital Partners maintain global alliances spanning the US, UK, and Latin America. Together, they serve 150+ families with a combined net worth of $15 billion.
• Family offices in Spain are shifting capital toward real estate living assets, including residential rentals, logistics, and hospitality properties.

Family Office Madrid: Landscape Overview

Madrid functions as Spain's primary family office hub, anchored by the concentration of corporate headquarters and ultra-high-net-worth (UHNW) families in the capital. The city's SFO ecosystem includes Orilla Asset Management (the Riberas family's $500 million vehicle) and Siemprelara, a multigenerational wealth office focused on direct investments. On the MFO side, MdF Family Partners, Proaltus Capital Partners, and Active Compass all operate from Madrid, offering shared resources and lower entry thresholds than standalone SFOs.

Barcelona serves as a secondary center, home to Boyser Family Office ($5 billion in managed assets), CAPMIRA Multi Family Office, and Monterri Investments. Valencia hosts third-generation offices like Grupo Chova Felix. Palma de Mallorca draws hospitality-focused operators such as Leonius Family Office. Madrid's edge over these cities lies in regulatory proximity: the CNMV (Spain's securities regulator) has its headquarters there. Access to ETVE holding structures and the Beckham Law tax regime for incoming international residents makes the capital especially attractive for cross-border families.

Advisory firms have also grown in Madrid. Suandco, HMW Abogados, and Aspain 11 serve families that need estate planning, tax structuring, and allocation guidance without the overhead of a full-service office. Cross-border reach sets Madrid apart further. MdF's alliance with a US-based partner firm in New York and a London-based partner firm creates a platform of over 100 professionals serving clients with $15 billion in combined net worth.

Family Office Comparison at a Glance

The table below compares the leading family offices operating in or serving the Madrid market, spanning SFOs, MFOs, and advisory structures. AUM figures reflect the most recent public disclosures. Offices that do not report assets appear as "Undisclosed."

Family Office	Type	AUM Estimate	Investment Focus	Key Services	Location
Pontegadea Inversiones	SFO	$53.8B	Diversified, Inditex stake	Full-service SFO	La Coruña / Madrid
MdF Family Partners	MFO	Undisclosed	PE, real estate, illiquid assets	Wealth planning, oversight, reporting	Madrid / Barcelona
Orilla Asset Management	SFO	$500M	PE, VC, private debt, infrastructure	Direct stakes, partnership model	Madrid
Proaltus Capital Partners	MFO	$500M	Global diversified	Wealth management, 100+ manager network	Madrid / Miami
Siemprelara	SFO	Undisclosed	Direct investments, multi-sector	Succession planning, oversight	Madrid
Active Compass	MFO	Undisclosed	Alternative investments	Asset protection, cost optimization	Madrid
KIMPA	MFO	Undisclosed	Impact, ESG, renewables	Oversight, charitable giving, M&A	Madrid / Paris
Mirabaud	MFO	Undisclosed	Discretionary, advisory	Wealth planning, private assets	Madrid
Suandco	Advisory	Undisclosed	Financial, business, real estate	Estate planning, tax, legal	Madrid
HMW Abogados	Advisory	Undisclosed	Real estate, foreign investment	Corporate structures, tax compliance	Madrid
Aspain 11	Advisory	Undisclosed	Financial planning, VC	Investment analysis, succession	Madrid

Pontegadea's $53.8 billion AUM dwarfs all other offices on this list. Orilla and Proaltus each manage roughly $500 million. Most Madrid-based MFOs and advisory offices do not publicly disclose their assets.

Top Picks by Strategy

• Largest AUM: Pontegadea Inversiones, at $53.8 billion, operates on a scale unmatched by any other private wealth office in Spain or most of Europe.
• Strongest MFO Platform: MdF Family Partners delivers conflict-free advice through a global alliance with partner firms in New York and London, serving 150+ families.
• Leading Direct Investment Vehicle: Orilla Asset Management deploys $500 million in direct company stakes, partnering with management teams in PE, venture capital, private debt, and infrastructure.
• Best for Cross-Border Families: Proaltus Capital Partners bridges Madrid and Miami with relationships to roughly 100 institutional managers, serving Latin American, US, and European clients.
• Impact & ESG Leader: KIMPA focuses exclusively on impact investing from its Madrid and Paris offices, targeting renewable energy, clean power systems, and energy renovation in real estate.
• Top Real Estate Specialist: Leonius Family Office manages $500 million from Palma de Mallorca, concentrating on hospitality and property projects on the island.
• Most Diversified Legacy Office: Grupo Chova Felix, a third-generation SFO since 1933, spans PE, infrastructure, venture capital, real estate, co-investment, and agriculture from Valencia.

Top Family Offices in Madrid and Spain in Detail

Pontegadea Inversiones

Spain's largest private wealth office manages $53.8 billion for the Ortega family, built on the Inditex fortune. Beyond its majority Inditex stake, Pontegadea holds commercial properties in major world capitals. This makes it one of Europe's largest private real estate investors. For institutional allocators seeking co-investment alongside one of the continent's deepest capital pools, Pontegadea sets a unique benchmark. It operates as a closed SFO rather than a platform open to outside families.

MdF Family Partners

The most prominent independent MFO in Madrid, MdF serves UHNW families without selling financial products. This fully conflict-free model means advice aligns with client interests, not a product shelf. Its global alliance with partner firms in New York and London creates a network of over 100 professionals. Combined, this platform serves more than 150 client families with an aggregate net worth of $15 billion.

MdF's services include strategic wealth plans, consolidated reporting, risk monitoring, and family oversight structures. Families requiring a single advisory relationship that spans three continents find this alliance model difficult to replicate elsewhere in Spain.

Orilla Asset Management

The Riberas family's $500 million investment vehicle takes direct stakes in companies from its Madrid base. Orilla typically invests as a minority partner, though it can assume control positions when the fit is right. Its partnership model means close collaboration with management teams rather than passive capital deployment. The portfolio spans private equity, venture capital, private debt, and infrastructure. Tech entrepreneurs and business owners seeking a co-investment partner with operational involvement will find Orilla's hands-on approach distinctive among Madrid SFOs.

Proaltus Capital Partners

Proaltus expanded from Madrid to Miami in response to growing demand from Latin American families seeking European exposure. The firm maintains relationships with roughly 100 institutional and niche managers, giving clients access to a curated global investment menu. With $500 million in capital managed, it serves families from Latin America, the US, and Europe. Its cross-Atlantic presence makes it the natural choice for families navigating the wealth corridor between Spain and the Americas, especially those requiring multi-jurisdiction tax structuring.

Siemprelara

Siemprelara combines asset allocation with direct investments and strategic partnerships in multiple sectors from its Madrid headquarters. The office focuses on multigenerational wealth preservation, aligning strategies with long-term family objectives. In a market where 35% of family offices face generational transition in the next decade, Siemprelara's dedicated focus on preparing next-generation leaders sets it apart from offices that treat succession as an add-on service.

KIMPA

The only MFO in Spain with an exclusive mandate for impact investing, KIMPA operates from Madrid and Paris. The firm targets renewable energy, clean power projects, and energy renovation in real estate. It combines financial analysis with charitable giving advisory and M&A boutique services. Families seeking to align their capital with measurable environmental outcomes find KIMPA's focused approach rare in the Spanish market. Most offices treat ESG as one option among many rather than a guiding philosophy.

Boyser Family Office

Barcelona-based Boyser manages $5 billion with a distinctive appetite for early-stage companies alongside its core private equity and real estate portfolio. The firm invests in seed-stage ventures, an unusual focus for a wealth platform of this size. This combination of scale and seed-stage risk tolerance makes Boyser relevant to founders seeking patient capital from an SFO that can follow on through later growth rounds.

Grupo Chova Felix

The longest-running family office in this guide, Grupo Chova Felix has operated from Valencia since 1933 under third-generation leadership. Its $500 million portfolio spans alternative investments (PE, infrastructure, venture capital), capital markets, real estate, co-investment opportunities, and agriculture. Over 60 years of industrial sector experience informs the family's approach to operational due diligence. Families with industrial backgrounds seeking a peer investor with deep sector knowledge will find Grupo Chova Felix's track record compelling.

Leonius Family Office

Leonius manages $500 million from Palma de Mallorca with a tight focus on hospitality and real estate projects on the island. The firm provides economic and tax advisory, investment sourcing, and property project management. It functions as both an investor and an operating partner. Leonius also designs family office structures for clients managing companies, trusts, and broader family wealth. For families with Balearic property interests, Leonius offers local market depth that Madrid or Barcelona firms cannot replicate.

Nostrum Simul

Launched in 2022 from Murcia and Valencia, Nostrum Simul committed $500 million to technology and sustainability projects. The firm invests directly and through private equity funds aligned with its mission of global-impact business development. Its youth and sustainability mandate position it as a counterpoint to Spain's older, industrially rooted family offices.

Trends Shaping Madrid's Private Wealth Market

Real Estate Living Assets and Direct Property Strategies

Spanish family offices are increasing capital deployment toward residential rentals, logistics, senior living, and hospitality properties. The Family Office & Private Wealth Real Estate Forum 2025 attracted over 300 attendees from 200+ companies, reflecting surging interest. Socimi structures (Spain's REIT equivalent) give tax-efficient access to listed real estate. Leonius and CAPMIRA lead in direct property deals, while Madrid-based offices increasingly source logistics and multifamily assets.

Direct Investments Over Fund Allocations

A clear shift from limited partner positions toward direct company stakes is underway in Madrid. Orilla Asset Management's partnership model and Boyser's seed-to-growth approach both reflect this trend. Direct investments give families greater control, lower fee drag, and closer alignment with their operational expertise. Many Madrid principals built their wealth through operating businesses, making hands-on ownership a natural fit.

The Latin America Corridor

Madrid is consolidating its role as the European gateway for Latin American capital. Proaltus Capital Partners opened its Miami office specifically to serve this corridor. MdF's transatlantic alliance extends the connection to New York. Spain's cultural and linguistic ties, combined with favorable holding structures like the ETVE regime, make Madrid a natural base for LatAm families seeking European real estate and private equity exposure.

ESG and Impact Investing

KIMPA's exclusive impact mandate and Monterri's focus on investments that benefit the economy and society signal growing demand for values-aligned capital deployment in Spain. Nostrum Simul's 2022 launch with a sustainability mission reinforces this trajectory. In contrast to Northern European markets where ESG screening is near-universal, Spanish family offices are still in an adoption phase. Early movers like KIMPA are defining the standards for Madrid's market.

Generational Transition and Oversight Overhaul

With 35% of Spanish family offices facing succession within a decade, demand for formal oversight structures is rising sharply. Siemprelara and Active Compass both offer generation change management. Family councils, constitutions, and structured wealth transfer protocols are replacing informal arrangements. Spain's family business sector (1.1 million companies, nearly 60% of GDP) means this transition will reshape capital allocation patterns for years.

How to Evaluate a Family Office in Madrid

Independence is the first filter. Madrid's market includes fully independent offices like MdF Family Partners (which sells no financial products) and bank-affiliated or product-tied advisory models. Ask whether the office earns commissions from recommended investments. A conflict-free structure ensures advice aligns with your interests, not a product shelf.

Cross-border capability matters more in Madrid than in most European cities. Families using the Beckham Law tax regime, structuring through ETVE holding companies, or managing assets in multiple jurisdictions need advisors fluent in international compliance. Proaltus and KIMPA both serve multi-country client bases. Their track records offer useful benchmarks for evaluating cross-border depth.

Succession planning expertise separates Madrid's serious family offices from basic wealth managers. Given the 35% generational transition statistic, evaluate whether the office has delivered family oversight programs, including family councils and formal constitutions. Siemprelara's multigenerational focus and Active Compass's generation change services represent the higher end of this spectrum.

Real estate and alternative capability is non-negotiable in a market where family offices are pouring capital into living assets. Verify direct deal sourcing track records, familiarity with Socimi structures, and experience in hospitality and logistics. Fee transparency remains a persistent concern. Offices should disclose advisory fees separately from any product-related charges, and CNMV registration provides a baseline regulatory check.

Which Family Office Fits Your Needs?

UHNW families with $100 million or more in liquid wealth can pursue a dedicated SFO structure or engage a premium MFO like MdF Family Partners, whose global alliance provides three-continent coverage without standalone overhead. Business owners preparing for liquidity events or generational transitions should prioritize firms with M&A and succession capabilities. Siemprelara offers deep expertise in multigenerational planning, while CAPMIRA focuses on off-market transactions for family businesses.

International families relocating to Madrid face specific challenges around tax residency, Beckham Law eligibility, and cross-border asset structuring. Proaltus Capital Partners bridges the LatAm corridor with its Madrid-Miami presence. HMW Abogados focuses on foreign investment structuring in Spain. Next-generation wealth holders inheriting family businesses benefit from offices that provide oversight education and family council facilitation. Active Compass and MdF both offer structured programs for emerging principals.

Families prioritizing environmental and social returns should evaluate KIMPA's exclusive impact mandate or Monterri's impact-positive venture capital approach. Advisory firms like Suandco and Aspain 11 serve families that need estate planning and tax optimization without a full-service commitment. These advisors offer a practical entry point for wealth levels below the typical SFO threshold.

Methodology

This guide to the family office Madrid market draws on public filings, industry databases, and direct office disclosures. Selection prioritized offices with confirmed Madrid operations or significant presence in Spain's broader private wealth ecosystem. AUM figures reflect the most recent available data. Several offices do not publicly report assets, and those are marked accordingly. Offices were evaluated on investment focus, service breadth, track record, and geographic reach. Data is current as of early 2026, though family offices in Spain update disclosures at varying intervals. Readers should verify specific figures directly with each office before making engagement decisions.