The Ormazabal family diversifies its assets with two new funds
Alejandro Ormazabal, vice-president of the Basque industrial group Velatia, is diversifying his wealth with the launch of new strategies under the umbrella of Whitehole Investment, the asset manager he set up in 2024 to channel his investments into alternative assets.
Alejandro Ormazabal, vice-president of the Basque industrial group Velatia, is diversifying his wealth through Whitehole Investment, a company he established in 2024 to manage alternative investments. Whitehole has a €30 million private equity fund that takes minority stakes in small and medium-sized enterprises in Spain, Portugal, and southern France.
The firm has successfully invested in companies such as Dagu and Jalsosa, and is now launching a hedge fund, Whitehole Global Macro FIL, with a maximum size of €100 million and an initial investment of €10 million from Ormazabal. Whitehole currently manages around €50 million in alternative assets and employs about 12 people.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
