Banor Special Situations

BANOR ALTERNATIVE ASSETS SPECIAL SITUATIONS (I & II)

LUXEMBOURG-BASED 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: the BSSII closed on 31 March 2024, with capital commitments of over €235 million.

STRATEGY

Focus 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.