Ibercaja Administration It expects to make its venture capital debut in 2026, when it plans to launch its first fund with these characteristics. The director of the Bank of Aragon is waiting for permission from the National Securities Market Commission (CNMV) to start working in private markets. “We want to complete the value proposition for our customers Luis Miguel Carrasco, Director of Asset Management and Insurance at Ibercaja, commented on private banking.
During the presentation of market perspectives to evaluate the manager in 2025 and share the economic and market forecasts for 2026the investment arm of the Aragon entity He explained that the car will function as a cash box and will have a minimum entry ticket of 20,000 euros, although there will be different types. To provide access to large investors.
While no further details are known, he explained that real estate will not be one of the main topics of the fund, as the Spanish participant usually already has real estate positions. They highlighted this in this regard They have years of experience in alternative assets through Of their pension funds and that in order to launch them they will enter into an alliance with a partner whose name they have not yet revealed. “We believe we will achieve this An acceptable number in a short period of time“He pointed out.
With one month to go until the end of the year, assets under management have run out It witnessed progress throughout 2025 by 11.3%, Up to $28.7 billion, a development explained by customer resource behavior and long-term investment. Specifically, this item increased by 20% compared to the 4% recorded in granting credit. the Ibercaja’s priority is to provide global adviceWhich led to an increase in the number of clients in investment funds by more than 46,500 individuals.
Since 2022, it has raised about $7.4 billion, pushing 2025 to close among the top three years in history. The manager in terms of deposits amounts to more than 2,200 million. For example, out of every hundred euros that go into this type of product, there are 9.7 euros As a destination Ibercaja Gestión.
Lily Corridor, General Manager of IbercajaHe explained that since 2022, the main product for clients has been fixed income, with a preference for high-quality (“investment grade”) debt. In exchange for high performance (“High Yield”). In fact, it is the medium and long-term private fixed income products that have received the largest number of launches, amounting to… A total of twelve in the middle of a “hectic year.” In the scenario of interest rate cuts by the European Central Bank, they have chosen to lengthen the durations of high-quality corporate bonds.
Looking to 2026, Corridor emphasized the need to build strategies Diversified and balanced between fixed and variable income After it expected that part of its investment strategy for the coming months would revolve around technology and artificial intelligence. Beatriz Catalán, Investment Director at Ibercaja, expressed optimism about the outlook for discrete and resilient growth in the US; While in China financial stability will prevail After the incentives pumped into its economy, through which it seeks to return to the path of growth.
Catalan believes that the North American economy will once again lead global growth driven by favorable “tripartite” monetary policy. Fiscal policy, deregulation, and with the Federal Reserve (Federal Reserve) He must continue to lower interest rates, without ruling out a drop to 3%. For the Eurozone, it expects a 1% expansion in activity in A A controlled inflation environment and with a “relaxed” ECB. With the money rate at 2%.
In a scenario in which he warned of the possibility of pockets of volatility As a result of the doubts raised by the artificial intelligence sector Given their investments and valuations, as well as the Fed’s easing schedule, they maintain a “constructive view” on risky assets. the Strong growth prospects for corporate profitsExpansionary monetary policies and declining political uncertainty pave the way for this.
Let’s go look Those sectors and companies with “strong” growth. “You find that in the technology space, which can cause some vertigo, although that will depend on whether those benefits continue to revise upward,” he said, with a focus on topics such as software and semiconductors. On this basis, the United States will see Companies in the financial, industrial and public utility sectors benefited, While on the Old Continent, you will look for value in pharmaceuticals and electricity, as well as the banking sector, which can produce a shift from peripheral banking, such as Spanish and Italian, to high-quality banking.