Overview
Our investment philosophy is firmly rooted in our “value matters” thesis. We pursue investment excellence by striving to generate asymmetric returns per unit of risk across the stressed and deep-value real-assets ecosystem, and to deliver superior risk-adjusted performance throughout market cycles.
Our flexible mandate allows us to embrace complexity and create compelling outcomes for our investors.
Core Investment Principles
Value Matters
We champion a strong value orientation, allocating capital to attractive risk/reward opportunities in any market environment. Valuation discipline underpins every decision we make.
Asymmetric Return per Unit of Risk
We aim to generate excess returns across the risk/reward spectrum, carefully balancing downside protection with meaningful upside potential.
Unconventionality
We thrive on complexity and creativity, uncovering and executing stressed and deep-value opportunities across asset classes and transaction types.
Key Differentiators
The Zelos Fund operates as a Registered Alternative Investment Fund (RAIF) in the form of an Open-ended Variable Capital Investment Company (VCIC). Access is limited to Professional and Well-Informed Investors under the AIF Law.
Asymmetric Risk–Return
PE-like returns from senior lending and deep-value entry points.
Stressed + Deep Value
Investing across our core themes with tangible downside protection.
Unique Market Opportunity
Zelos is the first special-situations fund in the broader geography to address a deep need for alternative capital with unique access to proprietary opportunities enabling superior risk-adjusted returns.
Proven track record in asset management and value creation strategies and best-in-class asset investment and operational processes.
Our Investment Priorities
- Liquidity-driven and/ or structured debt opportunities with an asset-backed or ring fenced-cashflow lending approach
- Opportunistic bridge/ rescue financings or engagement in “misunderstood” debt situations with structures avoiding enforcement risk
- Quasi-secured debt exposures via structured or “hybrid” financings (preferred equity, convertibles) with appropriate governance rights.
- Engagement in restructurings, pre-insolvency situations and selective cases featuring balance sheet or operationally driven restructurings
- Holistic approach to resolution including debt restructurings, recapitalizations and loan-to-own strategies
- Mainly real estate and hospitality assets
- Acquisitions of real estate assets with valuation gaps vs. market value stemming from the NPL monetization cycle
- Exit-driven valuation approach with defined views on asset commercialization and closely monitored CapEx deployment to maximize value creation
- Strong emphasis on asset management approach through inhouse supervision and technical platform.
By embracing complexity, we uncover simplicity - and generate value where others see only challenge.