Incus Capital has recruited James Costos, a former US ambassador to Spain, to join its advisory board.
Costos was appointed ambassador in 2013 under the Obama administration and left the role at the beginning of this year. Before he took over the role, Costos worked in the retail and entertainment industries.
During his term, Costos focused on promoting trade and investment in the country and founded the IN3 – INCUBED conference in 2014 to provide support and encourage the next generation of entrepreneurs.
Andrew Newton, founding partner of Incus, said: “We are pleased to welcome Costos to our advisory board. During his ambassadorship in Spain, he showed a tremendous amount of leadership in helping to promote business in the country.
“He made a lasting impact on the business community in Spain and we are confident that he will have the same impact on Incus, our clients and our investors.”
Costos said: “The firm´s reputation and their outstanding fund performance were certainly key factors for me, but the deciding factor was their strong values focused on helping European companies successfully grow their businesses.”
Headquartered in Madrid, Incus is a credit specialist focusing on investments in the Spanish and Portuguese markets. The firm has €600 million of assets under management.
Last summer, the firm collected €270 million on the final close of its second fund targeting investments in small and medium-sized enterprises. The fund operates five strategies focusing on leasing, non-performing loans, real estate credit, factoring and special situations lending.