Alternative Investments

Absolute Return

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.

Our highly experienced investment team has one of the industry’s best long-term track records. Our senior portfolio managers have more than 20 years’ experience each in managing hedge fund portfolios. We are process-driven investors, and place great emphasis on investment and operational due diligence, which is conducted by separate, independent in-house teams.

We instill a strong alignment of interests with our investors through co-investments across our portfolios.

We invest in this main area:

Alpha-Focused
Hedge Funds Strategies

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.

Energy Infrastructure

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.

For over a decade, we have been active as an asset manager in the infrastructure sector, with a focus on on investments in greenfield projects and companies, that support the energy transition. Our portfolio includes a wide range of green technologies: onshore wind  power, solar energy, hydropower, large-scale battery storage, as well as sustainable synthetic fuels such as green kerosene (sustainable aviation fuel).

To date, we have invested in more than 50 pan-European projects and successfully implemented their commercialization, development and operational management. We express our gratitude to our institutional investors for their trust, as we successfully implemented several tailor–made mandates for them and launched two investment funds totaling a volume of over EUR 1.2bn.

Our main focus is on equity investments as part of Core+ and value-add strategies. We invest at an early stage to ensure optimal execution of all project phases – encompassing the approval procedures, the selection process of financing, development and operation partners, as well as the negotiation and implementation process of all project and financing agreements. This ensures efficient project implementation and seamless operation, which requires an extensive expertise in power purchase agreements, energy trading, the construction and operation of complex power plants, and the development of diverse financing solutions.

With our established business model, we cover the entire value chain of renewable energies – from generation and storage to the provision of sustainable fuels. This enables broad diversification, attractive returns and significant risk reduction for our investors.

The international composition of our team, numbering 25 experts from 17 countries, combines expertise in engineering, process technology and finance. With an integrated, modular approach, we offer a central point of contact for investments and asset management. Our strategy follows clearly defined processes: from project development to investment and transaction structuring and commercialization to development and asset management

Private 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 infrastructure debt and real estate debt.

We specialize and invest across senior debt, whole loans/ unitranches and junior debt. Since 2014, the team has invested a total transaction volume of more than EUR 3.7bn 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.