Exclusive: Flywire founder’s family office preps second fund – as first heads for ‘super return’
9 Nov 2026
07:00
Zubi Capital, the investment vehicle of Flywire founder Iker Marcaide, has seen "super returns" from its first impact debt fund.
Now it is preparing a much bigger second fund, and wants institutions to provide most of the capital.
In an exclusive interview with Impact Loop, Zubi Capital CEO José Nistal explains:
→ How it got its debt fund to deliver 'super returns'
→ Why the family is now stepping back and letting institutions in
→ The growing role of venture debt in impact investing
Now it is preparing a much bigger second fund, and wants institutions to provide most of the capital.
In an exclusive interview with Impact Loop, Zubi Capital CEO José Nistal explains:
→ How it got its debt fund to deliver 'super returns'
→ Why the family is now stepping back and letting institutions in
→ The growing role of venture debt in impact investing