{"id":28,"date":"2026-06-12T15:02:04","date_gmt":"2026-06-12T15:02:04","guid":{"rendered":"https:\/\/azrcapital.com\/?page_id=28"},"modified":"2026-06-17T14:01:52","modified_gmt":"2026-06-17T14:01:52","slug":"home","status":"publish","type":"page","link":"https:\/\/azrcapital.com\/","title":{"rendered":"Home"},"content":{"rendered":"\n
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The Firm<\/p>\n\n\n\n

Founded for the long game. Built for the right ones.<\/em><\/h2>\n\n\n\n

Capital advisory and placement for private equity in Europe, the US and the Middle East<\/p>\n<\/div>\n\n\n\n

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In chess, the opening move shapes the position, the tempo, the trajectory of everything that follows. The first LP in a fund. The first capital backing an independent sponsor. These are the moves that decide the game.<\/p>\n\n\n\n

AZR Capital is European and Middle Eastern at its core. From this position we raise institutional capital for the private equity managers and fundless sponsors we represent, principally in buyout, with selective work in private credit, impact and private equity real estate.<\/p>\n\n\n\n

We are small by design. We operate as a partnership. Our team is entrepreneurial, ambitious, personally invested. The managers we represent feel the difference from the first meeting.<\/p>\n\n\n\n

Our investor base is concentrated in Europe and the GCC region, with an emerging presence in the US. Our allocator network has been built one relationship at a time, over more than two decades. That is the essence of our edge.<\/p>\n\n\n\n

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Since<\/em> 2014<\/p>\n\n\n

Independent & partner-owned<\/p>\n<\/div>\n\n\n\n

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Seven<\/em><\/p>\n\n\n

Languages on the team<\/p>\n<\/div>\n\n\n\n

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Three<\/em><\/p>\n\n\n

Offices: London, Switzerland, Middle East<\/p>\n<\/div>\n\n\n\n

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A handful<\/em><\/p>\n\n\n

Mandates at any one time<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n

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Reach<\/p>\n\n\n

Two regions we own. One we open.<\/em><\/h2>\n\n\n

Institutional fundraising across Europe, the Gulf, and selectively the United States<\/p>\n\n\n

Europe and the Middle East are our home. The United States is a destination we open for our GPs.<\/p>\n<\/div>\n\n\n\n

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i. Europe<\/p>\n\n\n

Long relationships. No distance.<\/em><\/h3>\n\n\n

Pension funds, insurers, fund-of-funds, family offices, private banks and endowments across the UK, France, the Nordics, Iberia, the DACH region and Benelux.<\/p>\n\n\n

We speak the languages and we have covered the region for a long time.<\/p>\n\n\n

United Kingdom<\/span>France<\/span>Nordics<\/span>Iberia<\/span>DACH<\/span>Benelux<\/span><\/p>\n<\/div>\n\n\n\n

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ii. Middle East<\/p>\n\n\n

From within the Gulf.<\/em><\/h3>\n\n\n

Sovereign wealth, family offices, private banks and institutional allocators across the GCC. Arabic-speaking. On the ground.<\/p>\n\n\n

The Middle East is a capital-source region. The managers we represent are based in the United States and Europe; the LPs we introduce them to are here.<\/p>\n\n\n

UAE<\/span>Saudi Arabia<\/span>Qatar<\/span>Kuwait<\/span>Bahrain<\/span>Oman<\/span><\/p>\n<\/div>\n\n\n\n

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iii. North America<\/p>\n\n\n

The door we open for our GPs.<\/em><\/h3>\n\n\n

Endowments, foundations and public pensions: the LPs European managers most want to reach. Activity with US investors is conducted in compliance with our broker-dealer licence.<\/p>\n\n\n

Endowments<\/span>Foundations<\/span>Public pensions<\/span>Consultants<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n

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A note from the founder<\/p>\n\n\n

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I founded AZR in 2014 with a simple conviction: capital advisory had become a volume business, and the best managers and the best investors were paying the price for it. Long client lists. Generic introductions. The wrong LPs in the wrong rooms.<\/p>\n\n\n

I built AZR to do the opposite. We take on a handful of mandates each year. We know our LPs personally, in their language, in their region. We invest our fees and on occasion our capital alongside the managers we represent. And when the fund closes, the relationship continues.<\/p>\n<\/div>\n\n\n

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Maya A.Z. Rodriguez<\/p>\n\n\n

Founder & Managing Partner, AZR Capital<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n

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Principles<\/p>\n\n\n

Four principles. One firm.<\/em><\/h2>\n\n\n

Our playbook and execution approach<\/p>\n<\/div>\n<\/div>\n\n\n

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i.d4<\/small><\/div><\/div>

Aligned interests.<\/em><\/p>

Where we have conviction, we invest our own capital alongside the funds and deals we back. We also reinvest a portion of our fees. We stand shoulder-to-shoulder with our LPs, with inherent alignment.<\/p><\/div>\n\n\n

ii.Nf3<\/small><\/div><\/div>

Selective by design.<\/em><\/p>

A small number of mandates at any time. Fewer clients, closer relationships, sharper execution. The discipline is the product.<\/p><\/div>\n\n\n

iii.Bb2<\/small><\/div><\/div>

Hungry by nature.<\/em><\/p>

Entrepreneurs run this firm. We treat each manager’s raise as our own business, because that is how we believe meaningful fundraises get done.<\/p><\/div>\n\n\n

iv.O-O<\/small><\/div><\/div>

Enduring relationships.<\/em><\/p>

Mandates are transitory. Relationships are enduring. Our managers and our investors feel that distinction in year five as plainly as in year one.<\/p><\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n

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Solutions<\/p>

Three disciplines.<\/em><\/h2>

Capital advisory · Dedicated independent sponsor franchise · Secondaries<\/p><\/div>\n\n\n

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01 \/ Capital Advisory<\/p>

Capital advisory and placement.<\/em><\/h3>

We raise institutional capital for the private equity managers and fundless sponsors we represent, principally in buyout, with selective work in private credit, impact and private equity real estate. Our placement activity covers Europe and the Middle East, with selective access to United States institutional investors for our European GPs.<\/p>

We syndicate overflow co-investment to aligned institutional capital, extending the reach of a transaction without disturbing fund economics.<\/p>

We can also act as a regional partner for our clients, including through joint mandates with complementary advisors.<\/p>

~3.2x<\/div>
Avg. gross MOIC – fund mandates<\/div><\/div>
~24%<\/div>
Avg. gross IRR – fund mandates<\/div><\/div>
Weighted average across committed fund mandates represented by AZR Capital. Past performance is not a guarantee of future results.<\/div><\/div><\/div>\n\n\n

02 \/ Independent Sponsors<\/p>

Global capital for independent sponsors.<\/em><\/h3>

We were among the earliest groups in Europe to support and intermediate independent sponsors as a distinct segment, and have cultivated a strong network of allocators over several years. We raise deal equity, structure programmatic capital, and also assist proven sponsors who wish to transition into an institutional fund format.<\/p>

Narrower investor universe. Sharper timelines. Different diligence. We know where the capital sits – this is a market we actively helped create in Europe.<\/p>

~6.5x<\/div>
Avg. gross MOIC – deal-by-deal<\/div><\/div>
~39%<\/div>
Avg. gross IRR – deal-by-deal<\/div><\/div>
Weighted average across independent sponsor co-investments curated alongside AZR Capital’s highest-conviction sponsors. Past performance is not a guarantee of future results.<\/div><\/div><\/div>\n\n\n

03 \/ Secondaries<\/p>

On both sides.<\/em><\/h3>

Working alongside managers, investors and shareholders gives a complete view of where value is made and where it is released. We advise and intermediate where alignment, discretion and institutional knowledge matter more than process.<\/p>