Insights
Perspectives on real assets, special situations, and disciplined capital allocation.
On Rescue Capital in Real Assets
How patient capital and operational expertise create value in distressed real estate and infrastructure situations.
Position Sizing in Special Situations
A framework for determining appropriate capital allocation when complexity and uncertainty create opportunity.
Transitional Energy: Cash Flow First
Why we prioritize current cash generation and collateral value over speculative transition narratives.
Infrastructure Covenant Design
Structuring protective covenants that balance operational flexibility with downside protection in long-duration assets.
The VOC Legacy: Preparation & Asymmetry
Historical lessons from the Dutch East India Company on risk management, capital allocation, and long-term value creation.
Mezzanine Structures in Value-Add Real Estate
How mezzanine debt with equity kickers can provide downside protection while capturing operational upside.
Stay Informed
Occasional perspectives on markets, capital allocation, and investment opportunities.