Overview
Unlocking Value.
Driving Growth.
Delivering Outcomes.
Zelos Capital Partners is a private investment firm focused on hospitality, real estate, stressed opportunities, and deep-value investments in Greece and Southeastern Europe.
Guided by discipline, creativity, and decades of experience, we unlock value from complexity and deliver superior results for our investors.
We strive to deliver superior outcomes by taking a disciplined, responsible approach and staying true to our core principles.
Zelos is a special situations platform dedicated to exploiting stressed and deep-value opportunities across the asset-backed credit and real asset spectrum in Greece, Cyprus, and the broader Southeastern Europe region.
Our Platform
Our platform is built on four core pillars:
Founded by senior investment professionals with almost a century of cumulative experience in private equity, credit, and investment banking across Greece, Cyprus, and Southeastern Europe, Zelos Capital Partners is the region’s first dedicated platform for distressed and deep-value special situations.
Deep Experience
Decades of transaction, restructuring, and asset management expertise across real assets and credit.
Proprietary Access
Unique deal flow generated from deep entrenchment in our core markets, local insight, and institutional networks.
Disciplined Underwriting
Rigorous, data-driven evaluation methodologies designed to capture upside while protecting downside risks.
Execution & Asset Management
Hands-on asset management and restructuring capabilities that crystallize value in even the most complex situations.
Founders & Managing Partners
Mr. Karagiannis has 30 years of investment management experience, including 24 years in principal investing. At Apollo Global Management (2013–2022), he led Apollo’s expansion into Southeastern Europe, acquiring $8.1 billion in NPL portfolios backed by 5,800 real estate assets and deploying $2 billion of capital. He also chaired Apollo’s affiliates Altamira Asset Management (Cyprus) and Sodia Capital Management (Greece). Earlier, he was Managing Director and Partner at Alpha Trust and began his career at Salomon Brothers in New York. MBA, George Washington University (Marvin L. Kay Fellow).
Mr. Avramopoulos has 25 years of experience in corporate and principal finance. He served as CEO of Sodia Capital Management, Apollo’s affiliate in Greece, managing a €1.4 billion NPL and real estate portfolio, and earlier as CEO of Altamira Asset Management (Greece). He previously led Piraeus Bank’s Special Situations Task Force, managing €48 billion of NPLs and non-core exposures, and served on the board of Piraeus Equity Partners. He began his career at UBS (M&A) and Lazard (FIG), advising on more than €50 billion in transactions. Graduate of Goethe University Law School, Frankfurt.