CaixaBank

Few banking players in Europe match the executional depth of CaixaBank. From Valencia, the group manages a workforce of approximately 45k and generates close to $15B in revenue, while steadily widening the gap with regional peers.

Long-term partnerships with sovereign and institutional investors give the company unusual visibility on multi-year demand.

“CaixaBank is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Capital markets have started to price in the durability of the model, and rating agencies have followed.