Our Edge

Through a disciplined and value-driven investment approach, we aim to construct a portfolio of hand-picked alternative investments, creating them at discount to intrinsic value with significant downside protection.

APPROACH

We invest in private, directly originated, asset-based investments by deploying an opportunity-driven and inherently sector agnostic approach aimed at creating investments at substantial discount to intrinsic value, with low correlation to overall market conditions and significant downside protection.

STRATEGY

We aim to capitalize on dislocations and shortages of capital created by cyclical and secular factors in the European mid-market.

We cover a wide spectrum of asset classes and transaction types with core competencies in distressed debt, structured credit, real estate and extending through all manner of special situations investing.

Differentiation

Our focus on containing process risks and operational complexities which often dissuade other investors from investing and may be key to unlocking value.

Our bar-belled approach to investing, targeting transaction size in the range of €15-35 million, as well as larger one-off opportunities in established JVs with selected investors.

INVESTMENT CRITERIA

We select opportunities at the intersection of credit, real estate, and private equity, which generally meet the following key criteria:

Funding Gap

Secular or contingent lack of capital from traditional financing sources

Asset Backing

Backed by hard assets and/or self-liquidating and with predictable cashflows

Asymmetry

Debt-like risk with material downside protection and equity-like returns

Complexity

Process and operational complexities dissuading other investors from investing