INCUS CAPITAL ADVISORS, SA
INCUS CAPITAL ADVISORS, SA is a Series C+ and other fund in Europe, Spain, Portugal, Italy, France, Germany and Benelux writing $20M–$100M checks into Developer Tools, real-assets, renewables, energy-transition, social-infrastructure, essential-services and real-estate.
- Stages
- Series C+, other
- Sectors
- Developer Tools, real-assets, renewables, energy-transition, social-infrastructure, essential-services, real-estate
- Check size
- $20M–$100M
- Invests in
- Europe, Spain, Portugal, Italy, France, Germany, Benelux
- Actively investing
- Yes
- Founded
- 2012
- Assets under management
- €2.2B
- Website
- incuscapital.com
Thesis
The firm's strategy is to provide adaptable, less dilutive financing than traditional PE, emphasizing downside protection and asset-backed collateral. They underwrite fundamentally and take an active role in structuring deals. Incus Capital operates across the capital structure, offering multi-product solutions including private debt (senior to subordinated, medium to long-term), real estate debt and equity, and infrastructure debt and equity (renewables, energy transition, social infrastructure, essential services). They also pursue event-driven and opportunistic transactions. With over €2.2 billion in AUM, they have advised on funds that have invested over €2.5 billion in more than 115 transactions. Target deal sizes range from €20 million to €100 million, with an average loan ticket of €30 million. Their investor base includes major institutions from North America, the UK, and Europe.
Common questions
Does INCUS CAPITAL ADVISORS, SA invest at the Series C+ stage?
Yes. INCUS CAPITAL ADVISORS, SA lists Series C+ and other among the stages it invests in.
What check size does INCUS CAPITAL ADVISORS, SA write?
INCUS CAPITAL ADVISORS, SA writes $20M–$100M checks.
Where does INCUS CAPITAL ADVISORS, SA invest?
INCUS CAPITAL ADVISORS, SA invests in Europe, Spain, Portugal, Italy, France, Germany and Benelux.