An independent private credit platform within a regulated financial group
Zintra Capital is an alternative debt fund management platform specialising in tailored financing for Spanish companies, complementing traditional bank product with capital structured to support growth.
We lend directly to companies and their projects through our own managed vehicles.
Our team combines debt fund management experience with senior operating backgrounds in Spanish and international banking, pairing institutional credit discipline with direct knowledge of borrower requirements.
A specialist credit manager, built for the Spanish market
Zintra Capital provides private debt solutions for companies seeking incremental financing capacity to fund growth alongside their existing bank lines.
We structure financing for situations standard bank product cannot accommodate, with amortisation profiles, collateral and covenant packages set transaction by transaction.
Our team has extensive experience delivering financing to Spanish businesses and works with each borrower to identify and execute the most appropriate structure.
€750m
5
200+
60+
Our funds
Bespoke credit solutions for Spanish corporates and SMEs
We originate direct lending and working-capital solutions for established Spanish companies underserved by the domestic banking system. Origination reach across sectors is combined with a disciplined underwriting process, in-house structuring and independent third-party diligence on every transaction.
Transactions span senior and junior debt, holding-company financing, acquisition facilities, bridge loans and invoice-based working-capital programmes. Facilities range in tenor from short-dated working capital financing to long-term commitments and are structured to fit each borrower’s existing capital structure.
Non-recourse financing for suppliers of the Spanish healthcare system
Zintra Capital Healthcare is a dedicated platform for the purchase and management of invoice portfolios from pharmaceutical companies, medical-device manufacturers and service providers to the Spanish public and private healthcare sectors. Transactions are structured as true-sale, non-recourse assignments, providing assignors with immediate liquidity, derecognition of the receivable and transfer of debtor payment-delay and default risk to the fund.
Financing is channelled through Ronda Funding, F.T., a Spanish securitisation fund (fondo de titulización) registered with the CNMV, established and managed by Zintra Capital and funded by Nomura. The platform offers both one-off portfolio purchases and forward-flow programmes, with debtor coverage spanning the Spanish public hospital network and an approved list of private hospital groups, insurers and other healthcare counterparties.
€200m (upsizeable)
650+
€400m+
€11bn+
A comprehensive financing solution for renewable energy platforms
Zintra Capital’s energy platform offers integrated debt solutions for Spanish renewable developers — from project-level construction finance through to corporate holdco facilities and ground-lease monetisation. Our in-house energy team combines project finance, investment banking and power-market expertise, with AFRY acting as independent technical and market advisor.
Alameda Energy Fund is our flagship €200m renewable debt fund (upsizeable to €300m), funded by a senior facility from Pollen Street Capital alongside commitments from Spanish institutional investors. Alameda finances the construction and commissioning of ready-to-build solar PV, wind and hybrid projects on a merchant basis, without requiring a PPA, subsidy or feed-in tariff, enabling sponsors to retain ownership of their assets through to commercial operation. Facility sizes range from €3m to €35m, against a pipeline of approximately 400 MW under active review.
Alameda — €200m (upsizeable to €300m)
€3m–€35m
Grupo CIMD Intermoney.
A leading independent financial services group in Spain
Founded in 1984, CIMD Intermoney is an independent financial group with over forty years of experience in brokerage, asset management, securitisation, energy and advisory. In October 2025, CIMD Intermoney acquired Beka Credit, which was rebranded as Zintra Capital — strengthening the group’s position in non-bank credit in Southern Europe.
The group is headquartered in Madrid, with offices in Barcelona, Lisbon and Dubai. Institutional shareholders include Santander, BBVA, Cajamar, Ibercaja and Crédito Agrícola.
1984
+430
€83m+
€7.5bn
196%
50% of share capital
Recent transactions
Pollen Street Capital provides senior facility to Alameda Energy Fund
Pollen Street Capital announced a senior facility supporting Alameda, the €200m renewable debt fund managed by Zintra Capital dedicated to financing small and mid-sized renewable energy projects across Spain. The facility reinforces a strategic relationship and supports Alameda’s pipeline of 350 MW of further projects under review. The fund targets fully merchant RTB projects across solar, wind and storage.
RIC Energy closes first Spanish project finance — €29.5m with Alameda Energy Fund
Alameda’s debut investment supports RIC Energy’s Bluesol 1 and Bluesol 2 photovoltaic plants — over 60 MW of installed capacity in Almodóvar del Campo (Ciudad Real). The deal marks RIC Energy’s transition towards becoming an Independent Power Producer and validates a project-finance structure without corporate guarantees from the sponsor. The transaction closed swiftly following technical, legal and insurance diligence.
Zintra Capital and Nomura launch €200m healthcare receivables fund
Through the Ronda Funding vehicle, the joint venture provides non-recourse liquidity to pharmaceutical companies and suppliers across the Spanish public and private healthcare sector. The fund is registered with the CNMV, established and managed by Zintra Capital
, with Nomura providing the financing line. The platform offers both one-off portfolio purchases and forward-flow programmes, with invoice management services integrated.
Pollen Street Capital brings a junior fund to Zintra Capital to invest in SMEs
Pollen Street Capital has granted a line of credit to Zintra Capital to offer alternative financing solutions to Spanish small and medium-sized enterprises (SMEs).
The facility will support Zintra Capital’s growth and is consistent with Pollen Street Capital’s strategy of backing European specialist lending platforms.