Signal Capital Partners, the firm set up by the former European head of real estate lending at Deutsche Bank, has closed a €900 mln special situtations fund.
Signal Capital Partners was established by Gad Caspy in 2015, along with two other former Deutsche Bank colleagues, Elad Shraga and Amit Jain.
The fund had its final close last month and attracted investment from European and North American pension funds, insurance companies, financial institutions and single-family offices.
Based in London, it invests in real estate lending, debt portfolio acquisitions and special situation equity, such as illiquid public market opportunities, across Europe. So far it has committed to seven investments, totalling €330 mln.
PropertyEU reported last month that one of these is the acquisition of a €30 mln, 12,000 m2 office building on Lisbon’s Avenida da Republica which was sold by a subsidiary of oil and gas company Sonangol.
Signal believes that the opportunities available from its alternative lending strategy will increase post-Covid-19 as banks reappraise loan books and withdraw support from areas of the market.
