Madrid, 21st September 2026.- NAZCA CAPITAL, a leading private equity firm in Spain focused on investing in unlisted companies, is strengthening its management team with the appointment of Cristina Badenes as Partner and Head of Capital Formation and Investor Relations.
Cristina Badenes has 29 years of experience in private markets and investment banking. She spent a significant part of her career as a Partner at Meridia, one of Spain’s leading real estate investment platforms. She played a key role in its creation, growth and institutionalisation, as well as in strengthening its market positioning and recognition. She led fundraising processes exceeding €1 billion and secured commitments from leading global institutional and private investors for seven real estate and private equity investment vehicles.
Earlier in her career, after starting out in M&A, she worked for several years as an equity analyst in London, where she was recognised as one of the sector’s highest-rated analysts in Europe.
Between 2021 and 2023, Badenes also served as Chair of Level 20 in Spain, a non-profit organisation founded in London in 2015 with the aim of promoting female talent in the private equity industry. She is currently a member of the Advisory Board of Juno House.
Badenes holds a degree in Economics and Business Administration from the University of Barcelona. She also holds an MBA from IESE Business School and recently completed INSEAD’s programme for non-executive directors.
NAZCA currently has a team of 33 professionals, 14 of whom are Partners. In addition, the company has an Industrial Advisory Board comprising 11 members with extensive experience across different sectors. Its current portfolio consists of 26 investee companies.
Carlos Carbó, Executive Chairman of NAZCA, said: “We are delighted to welcome Cristina Badenes and are confident that she will play an important role in our corporate development and in the relationship with our domestic and international investor base.”
Cristina Badenes added: “I am delighted to be joining NAZCA, a firm with such a strong track record and reputation in the Spanish private equity market. It is a great opportunity to become part of its management team and contribute with my experience, both in Spain and internationally.”