TQ Eurocredit and Alpha Wave Private Credit have agreed to increase the alternative financing vehicle that both entities launched in July 2024 to €200 million. The initiative was launched with €84 million in institutional capital and, with 95% already deployed, has promoted this expansion to meet existing market demand.
The vehicle maintains its focus on financing business projects through bullet bridge loans secured by mortgages. Cuatrecasas was responsible for structuring and legal advice; Uría provided legal and operational supervision; and Palmer acted as the note agent in charge of operations and process control.
The expansion continues the scheme created in 2024, incorporating greater responsiveness to a market that requires rapid execution and tailored solutions. TQ Eurocredit closed 2024 with a portfolio of close to €300 million and expects to reach €420 million in 2025, which would mean doubling its production for the second consecutive year.
The growth of this vehicle comes in an environment in which alternative financing has become increasingly important given the inability of traditional bank financing to meet all the market's debt demand. According to the company, this type of fund provides rapid access to capital, agile processes and flexible structures geared towards business projects.
With almost two decades of activity, TQ Eurocredit has accumulated production of €818 million between 2017 and August 2025 and an outstanding portfolio of €397 million. Alpha Wave Private Credit is part of Alpha Wave Global, an investment firm founded in 2012, with a presence in eight countries and established in Madrid since 2023.