Curiosity is our greatest asset.
Learning, our favorite return.
What we do
We invest across Listed Equities, Private Credit, and VC.
How we do it
We are a group of friends actively learning how markets operate by making small investments. We align our interests with the growth of entrepreneurs, to foster a reciprocal relationship of learning and constructive feedback.
Why we do it
Our mission is to maximize learning and capital compounding rates, enabling us to fuel the pursuit of entrepreneurial ventures.
Private Credit
Venture Capital
We're young & tiny, but we've hustled onto the same cap tables as some of the biggest firms, including:
Listed Equities
Performance
| Year | SP500 | BlueWalker | Excess Return |
|---|---|---|---|
| 2021 | +26.89% | +22.5% | -4.39% |
| 2022 | -19.44% | -0.82% | +18.62% |
| 2023 | +24.73% | +34.05% | +9.32% |
| 2024 |
4+Years Investing
€500KAUM
45Companies
17%3 year CAGR
€1-20KTicket Size
3xVenture TVPI
We are a focused, hungry and committed team.
Over the past four years, BlueWalker has pursued a singular ambition: to maximize capital compounding rates while learning and understanding intricately how the world works.Along the way, we’ve built meaningful relationships with visionary founders and investors. What started as a pursuit to monetize our own curiosity has evolved into a platform that delivers above-market returns, earns trust, and continually expands its reach. We invest in technology, asymmetric opportunities, and the brilliance of extraordinary people.Why build a hedge fund now? The greatest wealth transfer in history will occur during the next two decades. Simultaneously, we are at the dawn of a once-in-a-generation technological revolution that will propel global GDP growth at an unmatched pace. This convergence of technological acceleration and economic restructuring presents an unprecedented opportunity to build a hedge fund.We’ve developed the operational and analytical frameworks to navigate the seismic technological and economic shifts shaping the future. By blending quantitative analysis with qualitative reasoning, we have built an investing strategy that functions from first principles. We have the creativity to imagine what has never existed, and the analytical depth to understand businesses at any stage, in any sector.Qualitative reasoning allow us to anticipate trends and outcomes before they materialize in financial statements, effectively front-running the market. Numbers can show what a company has been, but qualitative insights from operational KPI's reveal what it is becoming. While the market processes mature financial statements with ease, it struggles to process and project early-stage qualitative information, leaving a window for arbitrage. We strategically focus on these unquantifiable aspects to identify when a company is highly likely to generate a substantial increase in free cash flow, to an extent that the valuation isn’t discounting.This blend of analytical flexibility, an obsessive focus on deep qualitative understanding and a deeply independent thought process, positions us uniquely to capitalize on long term secular trends that the market often neglects, delivering exceptional returns over the long term. This source of alpha will remain because hedge funds using algorithmic trading cannot effectively capture contrarian qualitative insights. Understanding qualitative factors demands deeper reasoning and interpretation than implementing statistical calculus.Our multi-strategy approach encompassing private credit, listed equities, and venture capital delivers a unique competitive advantage. Distinct return drivers, risk profiles, and time horizons, allowing for more resilient performance across market cycles. This diversification not only smooths volatility but also unlocks cross-strategy insights, enabling smarter capital allocation and superior risk-adjusted returns.As we continue compounding, we strive to reach a tipping point where the cash flow generated by the hedge fund, will enable us to launch new ventures faster, with better governance, lower marginal costs, cheaper access to capital, higher chances of success, and a quicker path to scale and profitability than other venture backed companies. Similarly to how Chinese hedge fund High-Flyer created DeepSeek, our ultimate vision is to leverage the hedge fund platform to create solutions that will address the most pressing challenges on Earth. We aspire to build a company that creates other companies. A glimpse of this vision is www.iteration.fit—a self-funded BlueWalker project offering Garmin users Strava-like analysis for sleep instead of running. It reflects our belief that health is a billion-dollar asset, and represents a small step toward a future where nations like Spain could grow wealthier by being healthier. This is the entrepreneurial spirit we aim to foster.Above all else, we have an unrelenting desire to win.Camilo Saravia Aguayo
© BlueWalker All Rights Reserved.
Founder | Camilo SaraviaEntrepreneurship is part of Camilo’s DNA.At age 15, Camilo co-founded a startup that developed wearable technology to improve the autonomy of blind people. The team exited with €160K in scholarships.At age 18, he helped build a marketplace of non-performing real estate loans, serving clients like Goldman Sachs and Blackstone.At age 19, he founded www.bluewalker.co, a €1.5M fund with a 20% 4-year CAGR, investing across equities, private credit, and venture capital.Camilo is studying Mechanical Engineering at the Universidad Politécnica de Cataluña (ETSEIB), and completed the international baccalaureate at the United World College of Thailand. He is treasurer and board member of the United World Colleges Spanish Alumni Association.
Board Advisor | Marc Bové DíezWith more than a decade of experience in executive roles within the alternative investments industry, Marc is committed to and proactive with providing critical feedback.
Before joining the Barcelona based private equity firm Workerbee Capital as Investment Director, Marc dedicated four years to the M&A and Corporate Finance division at Armacell in Luxembourg, where he spearheaded the successful €1 billion divestiture of one of the group's elastomeric insulation foams division.Marc sits at the Advisory Board of Paulson AM, an investment firm with expertise in Real Estate Private Debt. He also built the first ever padel club in Luxembourg and successfully exited in 2023.Marc is an Industrial Engineer from the Universidad Politécnica de Cataluña (UPC), has an MBA from IESE Business School and has completed graduate courses at the NYU Stern School of Business.
Board Advisor | Ricard Guillem
At age 16, Ricard founded www.cafler.com to redefine car ownership. Today, Cafler has presence in 5 countries, over €7M in ARR and is EBITDA +.
The company has received over €14M in funding from investors such as Seaya, Wayra and Encomenda.
Ricard has received scholarships from MIT, IESE and the Amancio Ortega scholarship program. He is also featured in Forbes 30 under 30.
Venture Partner | Pablo de Remedios
Pablo is greatly interested in the Entrepreneurial ecosystem, Venture Capital, and Asia.
Before becoming a Venture Capitalst at IDC Ventures, Pablo led LocalChefs London expansion, its F&B marketplace and helped raise $500K in their pre-seed round. He also worked at D+1 Holding, a Singapore based private company devoted to conceptualize, develop and globalize ideas, to ultimately builds brands and presence in Asia.
Pablo graduated with honors in business from Lancaster University and is a true passionate about Asia, its culture and the chinese language. He is also a member of the British Private Equity & Venture Capital Association (BVCA).
Venture Partner | Jose María Losantos
Before joining Cafler as Head of Finance, Jose had several entrepreneurial ventures in the ecommerce space and founded Artual, a consultancy agency specialized in NFTs.
He has worked as an M&A analyst at Crillon Capital Partners and as a VC analyst at Galdana.
Jose graduated from Universidad Pontificia Comillas (ICADE) and Lancaster University with honors, being among the top 1% of students. He also holds a CFA Level 1.
Research Collaborator | Manuel Ritsch
At age 21, Manu founded Alpha Rho Technologies LLC, an algorithm driven asset management firm.Today, he manages over €1M in AUM. He also serves as FX Hedging Advisor at the MBHA Group, where he engineers and executes hedging strategies with future contracts of varying maturities.Before founding Alpha Rho Technologies LLC, Manu worked as an investment analyst at Quadriga Asset Managers.Manu graduated with honors in finance from ESADE and a double degree from the Frankfurt School of Finance & Management. He is also member of the Chartered Institute of Securities and Investment (CISI).
Real Estate Operations | Felip Garcia-Coni Kitroser
Felipe brings a proven track record of delivering results in complex, high-value transactions. His expertise is further enriched with understanding of law, honed through experience at leading notaries in Spain and Argentina.Felipe earned his Law degree from the Pontificia Universidad Católica Argentina.
Derivatives Analyst | Héctor Escuder Sáez
Héctor brings data-driven approaches to exploit the Volatility Risk Premium and uncover inefficiencies in Volatility Term Structures. Additionally, he is experienced in designing and implementing hedging mechanisms to ensure these systematic strategies are executed in a non-directional manner. As we advance, Héctor will focus on developing additional strategies to further diversify and enhance the sources of returns within this vertical at BlueWalker.Héctor is studying Economics at the London School of Economics.
Associate | Javier Calzada
Javi contributes to investment analyses across Public Equities and Venture Capital.Studying Industrial Engineering at Universitat Politécnica de Catalunya (ETSEIB), he brings an impeccable work ethic.
Partners Associate | Berta Leach
Berta helps us find sponsors, startups, team members, maintain relationships and engage with our community.Berta is studying Mechanical Engineering at the Universidad Politécnica de Cataluña, and has been in exchange programs at the University of Cambridge and at EPFL in Switzerland.
Venture Capital
Sharing captable with firms including:
Partners with Enzo Ventures.
