A European equity partner
for developers who move ground.
We deploy long-term equity into ready-to-build residential, commercial, and mixed-use projects across Germany, Luxembourg, the UK, France, and Spain — structured with institutional governance and the patience to see projects through realization.
Three convictions.
One mandate.
Long-term growth
We build capital partnerships that outlast a single deal. Our mandates favour developers who compound relationships — permit by permit, project by project — over those chasing one-off liquidity events. Luxembourg-domiciled, European-focused, institutionally patient.
Strategic equity
Equity is not a coupon. We structure participation that aligns upside, downside, and timing — with real governance rights and real skin in the game. The result is a capital stack that lets you break ground without waiting for refinancing windows to open.
Disciplined value creation
We underwrite what we know: permit risk, counterparty quality, submarket absorption, and execution capacity. We pass on what we don’t — quickly. Our yes carries weight because our no comes fast.
Four stages, no surprises.
Origination through realization. The process is the same every time — because certainty is part of the capital we provide.
- 01
Origination
Direct developer relationships and vetted broker channels. We see deal flow before it’s competitive.
In practiceFor the Munich mandate, we were introduced by a repeat Capricornus partner and underwrote the file inside a week.
- 02
Diligence
Permit-in-hand, counterparty-verified, submarket-tested. We move fast but we don’t skip.
In practiceStuttgart: 58 units, 2,100 sqm, reviewed with on-site counsel and quantity surveyor within 14 days of first call.
- 03
Structure
Luxembourg-domiciled SPV, participation stake sized to the risk. Clean governance, clean cap table.
In practiceReckenthal: co-living hold structured with operator alignment and quarterly ESG reporting built in from day one.
- 04
Realization
We stay with you from ground-breaking to hand-over. Exit planning is a structure decision, not an afterthought.
In practiceBerlin: 36-month hold with sell-down optionality for the medical-office component priced at underwrite.
What we hold to.
- 01 Expertise over enthusiasm.
- 02 Speed with discipline.
- 03 Skin in the game.
- 04 Community before yield.
Qualified deals, institutional speed.
For developers with ready-to-build files and LPs seeking vetted European exposure.