Macarena Erhardt

Macarena Erhardt is a member of the investment team at Corpfin Capital, a Madrid-based private equity manager she joined in 2018. On the firm's team page she is listed as an Analyst ("Analista / Equipo de Inversión"); secondary profiles have also described her at the associate level after roughly three years in private equity. In her role she has participated in several buy-out transactions across a range of sectors, working on the origination, analysis and execution of deals in the firm's mid-market strategy.

She holds degrees in Law and Business Administration from CUNEF (Colegio Universitario de Estudios Financieros) in Madrid, one of Spain's leading finance-focused universities — a common double-degree background for professionals entering Spanish private equity and M&A.

Corpfin Capital is one of the longest-established private equity firms in Iberia, founded in 1990 and headquartered in Madrid. It manages over €1.2 billion across six institutional funds; its latest vehicle, Corpfin Capital Fund VI, closed at €300 million in May 2025. The firm takes majority (and selectively minority) positions in profitable, mid-sized Iberian businesses, partnering with founders and management teams to accelerate growth, professionalise operations and pursue buy-and-build consolidation.

Note: as of mid-2026 her individual profile page on the Corpfin site returns a 404, which may indicate a change of role or that she has moved on from the firm; her name still appears across the firm's indexed team listings. Treat her current status as unconfirmed.

As an analyst/associate, Macarena executes the firm's strategy rather than writing her own checks. Corpfin Capital's stated approach:

• Stage & type: Control-oriented private equity — majority and selective minority stakes in established, cash-generative mid-market companies; both single-platform buy-outs and buy-and-build roll-ups.
• Deal size: Roughly €15–45 million of equity per deal, targeting businesses with EBITDA of ~€5–25 million.
• Sectors: Business services, health/safety & prevention services, consumer & personal-care goods, retail, distribution, education, leisure and technology.
• Geography: Primarily Spain and Portugal, backing companies with international/Latin American growth angles.
• What makes them say yes: A partnership-based relationship with founders and management, a solid and defensible business model, and clear potential to accelerate growth and drive transformation (often via add-on acquisitions).