Andalusian Private Capital, LP

Andalusian Private Capital advises privately offered pooled investment vehicles and an associated investment program for qualified investors and institutional Program Participants. Its services center on sourcing, negotiating, managing and exiting single-asset or limited-asset SPV investments on behalf of those Funds and Program Participants.

The firm pursues a flexible mandate across control and non-control opportunities, special situations, recapitalizations, shareholder activism and sector themes such as sports and media, typically investing through negotiated, predominantly non-public transactions and often placing principals or affiliates on portfolio company boards. Its materials disclose an unusual operational profile for this category: as of December 31, 2025 Andalusian reported approximately $1.007 billion in non‑discretionary assets tied to Program commitments and $702.2 million in discretionary assets, reflecting the Program structure and investor opt‑in/opt‑out features governed by IPAs and Side Letters.

Compared with many peers, Andalusian commonly structures relationships that extend beyond individual retail clients to include corporations and other business entities, endowments, pension plans and sovereign wealth investors, and it documents frequent use of side letters, strategic relationships and co‑investment arrangements that can confer preferential governance or priority co‑investment rights. The firm also discloses multiple affiliated activities and shared infrastructure arrangements (including an affiliated credit/business vehicle and a sports/media advisory affiliate) and the retention of supplemental portfolio company fees, all of which create allocation and conflict considerations that differ from a typical pooled‑vehicle manager.