Miguel Riaño to Lead Fortress’ New Venture in Spain

In a historic move within the legal and international investment sectors, Miguel Riaño, the current Managing Partner of Herbert Smith Freehills in Spain, is set to depart from the firm on March 1st. Subsequently, he will take the helm at Carbonia Investments, the latest investment venture by Fortress in Spain. This development marks a significant shift, blending legal expertise with international fund management.

Contacted for confirmation, the 56-year-old Riaño expressed his enthusiasm for this new professional venture, stating, “It’s the right moment in my professional life to embark on a new and unique project. I feel privileged and want to express my gratitude for the trust placed in me. In the coming months, we will present in detail our new products and investment structures, which I am confident will establish Carbonia as one of the most attractive alternatives for companies in our country.”

Before his current role, which he has held for the past decade, Riaño served as a partner with executive responsibilities at renowned law firms such as Garrigues and Linklaters. Additionally, he held positions as a director and board secretary for numerous companies in the energy, infrastructure, and environmental sectors.

Riaño will now serve as the right hand to Fortress in Spain for a portion of its funds. As a leading North American giant managing over $45 billion in assets, Fortress invests through various funds across diverse assets. Carbonia Investments has long been its trusted advisor for Fortress Legal Assets’ investments. Still, the commitment has solidified with the acquisition of a 20% stake in the company, of which Riaño is the majority shareholder. This strategic move positions Riaño at the forefront of Fortress’ endeavors in the Spanish market, bringing a wealth of legal and executive experience to this new chapter.