Draycott Acquires Square Asset Management

Draycott Capital has acquired exclusive control of Square Asset Management (SAM), integrating the Portuguese real estate fund manager into its growing platform. The transaction encompasses both Square Asset Management, SA and Square Asset Management II Consulting, Lda. According to regulatory filings with the Portuguese Competition Authority published in June 2026, the deal represents a significant consolidation within the Iberian real estate investment sector.

Square Asset Management brings substantial scale to the transaction, managing over €2.7 billion in assets under management with a commanding 13% market share among Portugal's open-ended real estate fund managers. The firm has demonstrated competitive performance and industry recognition, notably earning the MSCI award 15 consecutive times. With two decades of operating history, SAM has established itself as one of the largest platforms in its category. Pedro Coelho, one of SAM's founders, continues as CEO and will remain instrumental to the combined entity's operations.

Draycott Capital, established in 2019 by founder João Coelho Borges, operates as a diversified investment platform spanning equity consolidation and buyouts, real estate development and yield, venture capital, and growth and innovation initiatives. The company has demonstrated increased acquisition momentum in recent months across its four investment verticals. The Square Asset Management acquisition aligns with Draycott's real estate strategy and reflects its positioning as an active consolidator in the Iberian market.

The combination positions the merged entity as a prominent real estate investment platform serving institutional and qualified investors across the Iberian Peninsula, combining Draycott's capital and growth infrastructure with Square's established fund management capabilities and track record in real estate yield and development investing.