Talde Private Equity
Status
ACTIVE
Global HQ
Bilbao, Spain
Countries of investment
- Spain
Investment stages
- Seed
- Series A
- Series B
Industries
- Deep Tech
- Robotics
- Aerospace
- Space Tech
- Climate Tech
- Industrial Tech
- Manufacturing
- Technology
About
Talde is a Bilbao-based private equity manager founded in 1976 as one of Spain's first venture capital firms, now 63% owned by Kutxabank, with an office in Madrid and more than $672M under management across private equity and private debt. Its latest vehicle, Gálate Deeptech I, is a CNMV-registered deeptech fund targeting $112M, expandable to $140M, with a first close planned once commitments reach $67M. The fund will invest $168K to $11.2M per company in robotics, semiconductors, aerospace and climate tech, with 30% to 70% of its capital tied to opportunities proposed by Tecnalia. In September 2026 the Basque government selected Gálate and three other funds for up to $67M in public commitments through Indartuz Kapitala, on condition that they invest at least twice that amount in companies of Basque interest.
Talde is a Bilbao-based private equity manager founded in 1976 as one of Spain's first venture capital firms, now 63% owned by Kutxabank, with an office in Madrid and more than $672M under management across private equity and private debt. Its latest vehicle, Gálate Deeptech I, is a CNMV-registered deeptech fund targeting $112M, expandable to $140M, with a first close planned once commitments reach $67M. The fund will invest $168K to $11.2M per company in robotics, semiconductors, aerospace and climate tech, with 30% to 70% of its capital tied to opportunities proposed by Tecnalia. In September 2026 the Basque government selected Gálate and three other funds for up to $67M in public commitments through Indartuz Kapitala, on condition that they invest at least twice that amount in companies of Basque interest.
Investment Thesis
Through Gálate Deeptech I, Talde invests in deeptech companies in robotics, semiconductors, aerospace and climate tech, with 30% to 70% of the fund going to opportunities proposed by the applied research centre Tecnalia. It backs technology spin-offs and young industrial tech companies with tickets of $168K to $11.2M, alongside its established private equity and private debt strategies for Spanish SMEs. Its edge is a direct pipeline from Tecnalia, backing from Kutxabank and the Basque government, and nearly 50 years of investing in Basque industry.
Manager's Experience
Managing Partner Idoia Bengoa joined Talde in 2008 after more than 14 years in BBVA's industrial group managing listed and unlisted stakes and US private equity fund investments, having started at Arthur Andersen. Partners Jon Arosa, at Talde since 2003 after five years at EBN Group, and Marc Baiget, at Talde since 2010 after more than ten years at KPMG Corporate Finance, co-lead the private equity strategy, which has completed more than 160 transactions in over 150 companies.
Team
Fernando del Hoyo - Chairman
Idoia Bengoa - Managing Partner
Jon Arosa - Partner and Co-Director Private Equity
Marc Baiget - Partner and Co-Director Private Equity
Ricardo Junco - Director
Beatriz del Val - Director Private Debt
Esteban Fradua - Investment Director
Álvaro Videgain - Investment Director
Portfolio
Saprem
Dilus
Grupo Siban Peosa
Fluytec
Plymouth Rubber Group
Virospack
Plenergy
Discarlux
CarSet
AVS Added Value Solutions