The Banor Special Situations (BSS) fund is a closed-end fund reserved for professional investors.
The initiative targets investment opportunities in illiquid assets (distressed assets), with a particular focus on trophy assets. The fund acquires real estate assets (mostly from auctions and bankruptcy proceedings) and secured loans (from servicers or directly from banks). The BSS closed on 30 April 2019, with capital commitments of over €80 million. From that date, the fund has three years to invest its capital.
BANOR CAPITAL
BANOR SPECIAL SITUATIONS
SICAV/RAIF Fund
Investment opportunities in Distressed Trophy Assets
BANOR CAPITAL
FUND FEATURES
BANOR CAPITAL
OUR TEAM
Lorenzo Guidi
PORTFOLIO MANAGER
Giorgio De Montis
DIRECTOR BANOR ALTERNATIVE ASSETS - COO & INVESTOR RELATIONS
Veronica Testori
OPERATIONS ANALYST
Gabriele Boschi
SENIOR ADVISOR - LOANS & REAL ESTATE ORIGINATION AND ASSET MANAGEMENT
Ben Riordan
SENIOR ADVISOR - LOANS & REAL ESTATE ORIGINATION AND ASSET MANAGEMENT
Alessandro Butini
SENIOR ADVISOR - REAL ESTATE ORIGINATION AND ASSET MANAGEMENT
BANOR CAPITAL
STRATEGY
The investment strategy is based on three main pillars
Focus on individual assets: mortgage loans and real estate assets are purchased individually.
Focus on high quality real estate assets (direct or underlying loans). These assets have a strong potential for appreciation and may also attract foreign buyers upon exit.
Focus on a medium-small segment, i.e. values between €2 million and 15 million per transaction.