Swiss-headquartered independent investment firm Landfair Capital has closed its inaugural fund, Landfair European dislocated opportunities (EDO).
Focusing on Germany, Ireland, the UK, and Spain, the pan-European fund provides a range of innovative and structured capital solutions. Landfair's expertise includes non-performing loans and distressed debt, credit and hybrid strategies, as well as special situations.
Landfair expects to deploy capital to European real estate opportunities valued at over €400 mln during the investment period of the fund.
Landfair was founded in 2020 by Jonathan Fragodt and Stefan Jaeger, who each bring over 20 years of investment experience and a strong track record in European distress and credit opportunities.
In 2021, Landfair entered a strategic partnership with B-Flexion. As an anchor investor, B-Flexion made a significant capital commitment to Landfair EDO as well as to future Landfair investment products. Other investors in the Fund include a high-quality mix of European and US institutional investors, family offices, and charitable foundations.
Said co-founder Fragodt: 'The close of Landfair EDO allows us to focus on the new and developing opportunity set in European real estate-backed credit markets.
'As a new manager, Landfair is free to focus on the new distressed opportunity set without the burden of having to manage a legacy portfolio that has been adversely impacted by the recent economic downturn.
'We want to thank our limited partners for their support. We are proud to have their trust and their long-term commitment. We are optimistic about the future and very excited for the next chapter.'
Since the initial close of Landfair EDO, the fund has deployed approximately half of total commitments.
Added Jaeger: 'Our investment strategy has been tested through multiple market cycles throughout our careers, and we expect significant opportunities to deliver strong performance in the current and future market environment.
'Our extensive sourcing network enables Landfair to be very disciplined in our selection criteria, and we apply a consistent investment approach to extract value through active management, restructuring, and the repositioning of assets.
'We believe the next few years, in particular, will be characterized by great opportunities for dislocated investing.'
