Nazca strengthens its executive structure to support its growth

• Álvaro Mariátegui, founding partner of NAZCA alongside Carlos Carbó, steps down from his position as Chief Executive Officer to focus on the strategic development of the firm and its portfolio.
• Celia Pérez-Beato is appointed Chief Executive Officer.
• Carlos Carbó continues to lead NAZCA as Executive Chairman.

Madrid, January 21. NAZCA CAPITAL – a private equity investment firm – has reorganized its executive structure to address its new phase of growth.

Founded 25 years ago by Carlos Carbó and Álvaro Mariátegui, NAZCA closed the 2025 financial year with 14 deals, 9 investments and 5 add-ons, investing a total of €300 million. This milestone further strengthens its position as one of the leading private equity managers in Spain.

In this context, NAZCA’s Board of Directors has appointed Celia Pérez-Beato as the firm’s Chief Executive Officer (CEO). Celia Pérez-Beato has 18 years of experience at NAZCA and has played a key role in investment management, portfolio monitoring and the execution of the firm’s strategic plan.

Meanwhile, Álvaro Mariategui, founding partner and until now CEO, will remain fully dedicated to the firm as a member of the Board of Directors, maintaining an active involvement in the business, with a focus on strategic development, investment opportunities, investor relations, and portfolio companies’ supervision.

Carlos Carbó, founding partner, continues to lead NAZCA as Executive Chairman. From this position, he will continue to lead the Board of Directors, driving the investment strategy, institutional positioning and the recently launched Aerospace and Defense Fund.

NAZCA has also defined a new organizational structure, dividing its activities into three business lines led by three Managing Partners: Aerospace and Defense – Daniel Pascual, Small Cap Funds I and II – Celia Pérez-Beato, and Nazca Opportunities – Ignacio Portela. This new organization allows for greater specialization and more autonomous management of each area, while maintaining an integrated vision through the Board of Directors and executive management.

The private equity firm has also approved the appointment of three new partners – Javier Allende, Alberto Gálvez, and David de Bedoya – professionals with more than ten years of experience at the firm and an outstanding record of contribution to the development of NAZCA.

NAZCA currently has a team of 34 professionals, 13 of whom are partners. In addition, NAZCA has an Advisory Board made up of 9 members with extensive experience in different sectors. It maintains a portfolio of 21 companies.

Carlos Carbó, NAZCA’s Executive Chairman, has said: “The reorganization reflects the natural evolution of the firm and strengthens a structure that is well aligned with our current volume of activity, following a year in which we raised more than €600 million in different areas and invested €300 million. 2025 has been one of the most active years in our history.”