Pedro Pasquín, jefe de Lazard en España, se suma al 'boom' del capital riesgo

Pedro Pasquín, the head of Lazard in Spain, has joined the private equity boom by establishing a risk capital company. This comes as over 1,500 private equity entities and funds are registered with the CNMV. Pasquín, who has been the VP of Lazard in Spain since 1999, co-founded Bermeo Partners with other family members, registering it with the CNMV and an initial capital of €1.21 million.

The management of the SCF is overseen by Renta 4, with the aim of investing in non-listed companies and assets primarily through other risk capital companies. Pasquín's move follows others in the financial industry, such as Olaf Díaz-Pintado, Elvaro de Remedios, and Fernando Ortiz, who have also created family risk capital entities.

Numerous entrepreneurs, like the Puig, Arrufat, and Daurella families, as well as executives like Iberdrola's Ignacio Sánchez-Galán, have also formed such vehicles. By the end of 2025, there were 1,501 risk capital entities and funds in Spain, a doubling from three years prior. The boom can be attributed to Spanish wealth's desire for diversification away from listed shares and bonds, and the fiscal advantages of owning over 5% of an SCF, which allows for tax benefits on family companies.

However, due to the lack of public information on Pasquín's wealth and Lazard's avoidance of disclosing executive salaries in annual reports, Deloitte's audits have noted a security in their reports, as the SCF did not include in their annual memory, as required by Article 260 of the Companies Law, the salaries, diets, and remunerations paid to current or past board members and senior management during the 2025 fiscal year.