Strategies
Absolute ReturnFund of Funds
Since 2007, our team has been focused on delivering attractive, uncorrelated returns to our investors, by investing in a variety of hedge fund and niche private credit strategies. Applying our time-tested philosophy and process, we construct all-weather portfolios that not only generate stable and reliable returns for our investors, but also protect client capital in times of market stress.
We invest in exceptional hedge funds across strategies and asset classes. Our portfolios typically gravitate towards “Scale Alpha” from large hedge funds, as well as “Niche Alpha” from specialized hedge funds. All our hedge fund managers share the same characteristics of proven track records of significant alpha generation and rigorous risk management, and therefore tend to be inherently capacity constrained.
We invest globally in funds that target small, underserved private credit niches. The underlying investments are typically senior secured in the capital structure with strong collateral protection, have moderate loan-to-value ratios, and feature short duration maturities. We have invested in funds across Trade Finance, Real Estate Bridge Finance, Factoring, as well as Other Asset Backed Lending Strategies.
Energy InfrastructureInfrastructure
Our aim is to deliver low-cost renewable energy in the form of power, or hydrogen fuel – whenever it’s needed, however it’s needed. Our focus has been on equity investments, in core+ and value add strategies; over the last years, we have also built a significant expertise in mezzanine financing. Our strategy is to optimize all aspects of the projects by investing early on, refining permitting and negotiating all commercially important contracts for the realization and operation of the projects. Our experience includes a wide range of financing and power purchase agreement solutions. We have been enabling energy transition by investing in a wide range of green power generation technologies (onshore wind, solar, hydro), as well as other energy assets like Power-to-X and continue to actively contribute to the energy transition. Our proven business model is implemented across the entire value chain of renewable energy generation to Power-to-X technologies to deliver attractive returns and reduce risks for our investors.
Energy Transition
Private DebtPrivate Debt
Our investment team is active across various private debt asset classes, with a deep heritage in asset-based lending and a particular focus on real estate and infrastructure debt. We specialize and invest across senior debt, whole loans/ unitranches and mezzanine/ junior debt. Over the past eight years, the team has invested a total transaction volume of more than EUR 3.5bn across more than 40 countries in a variety of market environments. As part of our distinctive investment model, we tap into independent, multi-channel sourcing, with excellent and longstanding relationships to sponsors, complemented by selected banks and advisors. We enjoy an exclusive partnership with market-leading banks. With the advantages of thorough visibility and a well-established network, we have direct access to debt markets to identify opportunities for our investors. Our credit expertise and proven ability to structure investments based on regulatory and individual requirements for different types of investors, is a key factor for success in private debt investing. We apply an in-depth, independent due diligence process, along with rigorous investment analysis by our experienced origination and execution and structuring teams, supported by external appraisers and legal advisors. Our in-house professionals include technical engineers, legal counsel and workout experts.
Other managers
Capital Dynamics
Zug, SwitzerlandCapital Dynamics is an independent global asset management firm focusing on private assets, including private equity (primaries, secondaries and co-investments) and clean energy. Created in 1988, the Firm has extensive knowledge and experience developing solutions tailored to meet the exacting needs of a diverse and global client base of institutional and private wealth investors. Capital Dynamics oversees more than USD 14 billion in assets under management and advisement[1], and employs approximately 150 professionals globally across 13 offices in Europe, North America, and Asia [2]. Capital Dynamics is a recognized industry leader in responsible investment, receiving top marks (Five Stars) from PRI across all categories and investment strategies, as well as achieving strong results in GRESB benchmarking for its clean energy strategy.
buyoutprivate equityinfrastructure
Partners Group
Baar-Zug, SwitzerlandPartners Group is a global private markets firm with USD 142 billion in assets under management and more than 1,900 professionals across 20 offices worldwide.
We seek to generate superior returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. As a committed, responsible investor, we aim to deliver lasting, positive impact for all our stakeholders. We provide an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally.
Partners Group has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).
infrastructuresecondary
Capital Dynamics
Zug, SwitzerlandCapital Dynamics is an independent global asset management firm focusing on private assets, including private equity (primaries, secondaries and co-investments), private credit, and clean energy. Created in 1988, the Firm has extensive knowledge and experience developing solutions tailored to meet the exacting needs of a diverse and global client base of institutional and private wealth investors. Capital Dynamics oversees more than USD 14 billion in assets under management and advisement[1], and employs approximately 150 professionals globally across 12 offices in Europe, North America, and Asia [2]. Capital Dynamics is a recognized industry leader in responsible investing, receiving the highest marks from the PRI for its Investment & Stewardship Policy, and investment strategies. For more information, please visit: www.capdyn.com
[1]As of June 30, 2023. Assets Under Management are calculated based on the total commitments as of the final closing date for all funds currently managed by Capital Dynamics, including amounts that have been distributed. Assets Under Advisement includes assets for which Capital Dynamics provides services such as reporting, monitoring and risk management.
[2] As of September 2023.
private equitysecondary
B Capital Partners
Zurich, SwitzerlandB Capital Partners AG is a partner-owned investment house, established in 2003 and Zurich-based. We exclusively focus on core sustainable infrastructure. Since 2010, we have invested and advised capital in excess of EUR 2.6bn across Europe. Our goal is to select superior infrastructure assets for our clients, while adhering to the highest corporate ethic as well as to state-of-the-art ESG standards. We are a signatory to UN PRI as well as to WEPs (Women Empowerment Principles) and a member of GRESB.
Based on the broad backgrounds and profound experience of its partners, B CAPITAL PARTNERS provides its clients with a thorough knowledge of the markets, professional strategic portfolio planning and construction, as well as a structured and thoughtful due diligence process with particular focus on risk assessment to evaluate both direct investment opportunities and fund managers. Systematic investment monitoring, controlling and reporting are naturally also part of its services.
infrastructure
ECM Equity Capital Management GmbH
Frankfurt, GermanyWe have been a trusted partner for medium-sized companies and entrepreneurs since 1995. As a medium-sized investment company with many years of experience and a high level of personal commitment, we support companies in the DACH-region in their further development and growth.
Through five funds, we have received over €1.0 billion in equity commitments and made over 50 investments. We are currently investing €325 million in equity from our GEP V fund.
private equitygrowth
Partners Group
Zug, SwitzerlandPartners Group is a global private markets firm with USD 149 billion in assets under management and c1,800 professionals across 21 offices worldwide.
We seek to generate superior returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. As a committed, responsible investor, we aim to deliver lasting, positive impact for all our stakeholders. We provide an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally.
private equityinfrastructurereal estategrowthprivate debt
Holland Capital
Amsterdam, NetherlandsHolland Capital has been responsibly and successfully investing in promising Dutch and German SMEs with growth ambitions for over 40 years. The team understands entrepreneurship and fosters an open, sustainable, and professional relationship with the management teams of the invested companies, aiming for mutual growth. With offices in Amsterdam and Düsseldorf, Holland Capital focuses on Healthcare, Technology, and the Agrifood-Tech sector.
private equitygrowth
Golding Capital Partners
Munich, GermanyGolding Capital Partners GmbH is one of Europe’s leading independent asset managers for alternative investments, focusing on the asset classes infrastructure, private credit, private equity, secondaries and impact. With a team of more than 200 professionals at its offices in Munich, Luxembourg, Milan, Tokyo and Zurich, Golding Capital Partners helps institutional and professional investors to develop their investment strategy and manages of more than €14.5 billion in assets. Its around 230 investors include pension funds, insurance companies, foundations, family offices and ecclesiastical institutions, as well as banks, savings banks and cooperative banks. Golding became a signatory of the United Nations Principles for Responsible Investment (UNPRI) in 2013 and has been a supporter of the Task Force on Climate-related Financial Disclosures (TCFD) since 2021.
buyoutprivate equityinfrastructure
Cerberus Capital Management
New York, United StatesFounded in 1992, Cerberus is a global leader in alternative investing with approximately $60 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors.
buyoutprivate equity
STAR Capital
London, United KingdomSTAR Capital is a private equity firm focused on developing strategic asset-based businesses in Western Europe.
Established in 1999 and primarily investing in businesses with an enterprise value of between €50 million and €1 billion, our strategy is focused on businesses characterised by strategic qualities that provide strong downside protection.
buyoutprivate equity