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Javier González Tovar is currently launching ALX Hormes Capital I, FCRE, SA, a new global fund specialized in investing in Search Funds. The fund has a target size of €25M, and management will be conducted by Alaluz Capital. It will also benefit from the support of Auren Startups 360, led by Fernando Jiménez González, Jaime García-Murillo, and Pedro Trucharte, who serve as senior advisors of the fund.
ALX Hormes Capital will partner with talented SF managers to source, acquire, and grow profitable SMEs. They aim to take a proactive approach, collaborating with managers across all stages of the investment and management process.
As Javier González Tovar explained to us, they prefer to partner with individuals with previous managerial and entrepreneurial backgrounds. These individuals understand what it truly means to be a CEO of an SME and are eager to realize their dream of owning their own company.
In terms of investment criteria, they are industry-agnostic but avoid investing in cyclical industries with complex operations. Their goal is to invest 35% of the fund in Spain, 45% in Western Europe, and deploy the remaining 20% in the USA and Latin America.
ALX Hormes Capital has already commenced its activities, having backed 6 SFs in various European countries in 2023, including Agripina Capital & Muri Capital in Spain, SLY Capital in Portugal, EXICAP in France, and L&R Management and Stellaris Capital Partners in the UK. The fund has already committed to 3 new Searchers in 2024.
