Real Estate
LP and direct investments across core, value-add, and opportunistic strategies globally.
Investment Philosophy
Our real estate strategy combines LP investments with top-tier institutional sponsors, such as Blackstone, and direct investments where we can underwrite cash-flow durability and value-creation catalysts. Direct investments span core, value-add, and opportunistic strategies — from high-quality premium properties with stable long-term income, to repositioning plays, to development projects and distressed deals.
We back institutional sponsors and local operators with clear catalysts: lease-up, tenant mix optimization, capex ROI, and regulatory transitions that temporarily depress pricing. Our underwriting process combines bottoms-up financial modeling with deep local intelligence on tenant demand, infrastructure plans, and zoning changes.
The portfolio includes premium properties, multi-family residential, commercial offices, land, industrial, hospitality, and retail across multiple geographies — from São Paulo's Faria Lima corridor to resort destinations in Portugal and hotel portfolios in Japan. We target assets where active management can unlock value beyond passive appreciation.
Investment Characteristics
Related Case Study
Quinta do Lago
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Past performance is not indicative of future results. The information presented is for illustrative purposes only and does not constitute investment advice. All investments carry risk, including the potential loss of principal. Target returns and metrics are based on internal models and are not guaranteed.