Banor Special Situations

BANOR ALTERNATIVE ASSETS SPECIAL SITUATIONS (I & II)

LUXEMBOURG-BASED SICAV/RAIF FUND

Real estate investment opportunities.

FUND FEATURES

The Banor Special Situations (BSS) funds are closed-end funds for professional investors.
The funds provide access to its investors to a stream of special situations investments, with a particular focus on secured loans and/or real estate assets in prime locations, mainly in UK, Italy, and Spain.
Special situation investments can be mainly of 2 types: 1. underwriting of asset-backed debt (senior & subordinated), or 2. direct acquisition of real estate assets, at values and terms that we believe being substantially more attractive than in the open market.

SPECIAL SITUATIONS I: the BSS closed on 30 April 2019, with capital commitments of over €115 million.
SPECIAL SITUATIONS II: the BSSII closed on 31 March 2024, with capital commitments of over €245 million.

STRATEGY

The strategy focuses on single loans or assets with equity requirement typically between €5m and €30m per deal, which is a market segment with a reduced level of competition where we can originate attractive returns on a bilateral, off-market basis.
This approach allows us to identify and extract value on the basis of our own punctual credit and/or real estate analysis, and through our active management of every single investment.

Marketing communication for Professional Clients and Eligible Counterparties only.

This communication is issued by Banor Capital Limited which is authorised and regulated by the Financial Conduct Authority. It is directed exclusively at Professional Clients and Eligible Counterparties (as defined in the FCA Handbook). Retail Clients must not rely on this communication. “Banor Real Estate Credit Opportunities” is a commercial name for a business line within Banor Capital Limited and is not a separate legal entity, fund or authorised firm. This material is for information purposes only and does not constitute investment research, investment advice, a personal recommendation, or an offer or invitation to invest. Any investment decision should be made solely on the basis of the relevant definitive documentation and, where appropriate, independent professional advice. The information contained herein is believed to be reliable but no representation or warranty, express or implied, is made as to its accuracy or completeness. Capital is at risk and you may lose some or all of your investment. Investments in real estate credit and related strategies involve risks, including illiquidity, credit risk, market risk, valuation risk and the use of leverage, which may amplify losses. There can be no assurance that investment objectives or targeted returns will be achieved, or that capital will be returned.

Any reference to performance, IRR or returns is for illustrative purposes only. Past performance is not a reliable indicator of future results. Forward-looking statements are based on current expectations and assumptions and may differ materially from actual outcomes. In addition, forecasts are not a reliable indicator of future performance. This communication is confidential and may not be reproduced or distributed without prior consent. It is not intended for distribution in any jurisdiction where such distribution would be unlawful.