Banor Special Situations

BANOR ALTERNATIVE ASSETS SPECIAL SITUATIONS (I & II)

SICAV/RAIF FUND

Investment opportunities in Distressed Trophy Assets.

FUND FEATURES

The Banor Special Situations (BSS) fund is a closed-end fund for professional investors.
The fund targets investment opportunities in illiquid assets (distressed assets), with a particular focus on trophy assets. The fund acquires high quality real estate assets at a very competitive price, lower than market value, generating an exit return that is in line or higher than the target of the fund.

SPECIAL SITUATIONS I: the BSS closed on 30 April 2019, with capital commitments of over €120 million From that date, the fund has three years to invest its capital
SPECIAL SITUATIONS II: currently raising capital

STRATEGY

Focus on individual assets: acquisition or financing of real estate assets (from auctions and bankruptcy proceedings), and secured loans (from services or directly from banks).
Focus on high quality real estate assets (direct or underlying loans).
Focus on a medium-small segment, i.e. values between €5 million and 20 million per transaction.