Investors

Access to opportunities that never reach the market.

We work with institutional investors, family offices, debt funds and private investors – with prepared documentation, clear structures and realistic assumptions.

Segments

Investor segments

Every type of capital has its own return expectations, decision paths and restrictions. We only approach the addresses a mandate genuinely fits.

Family offices

Single and multi family offices differ considerably: in degree of professionalisation, investment strategy, decision structure and capital commitment. Some invest directly and equity-rich, others through fund participations or club deals.

  • ›Direct investment, club deal or fund participation
  • ›Decision structures differ by house
  • ›Mandate and horizon clarified up front

Real estate funds

Open and closed-ended funds with a written investment policy. Reliable in process, but bound by acquisition guidelines, committees and fund restrictions.

  • ›Written acquisition profile
  • ›Committee cycles built into the timeline
  • ›Fund restrictions limit flexibility

Pension schemes & insurers

Depending on their mandate, regulated institutional investors allocate to different real estate and financing strategies. Predictable cash flows, risk budget, regulatory requirements as well as reporting and ESG rules can all play an important role.

  • ›Distribution before capital growth
  • ›Regulatory requirements and quotas apply
  • ›Reporting and ESG requirements clarified

Debt funds

Alternative lenders for senior, whole loan and junior tranches. They differ from banks mainly in review grids, structural flexibility, security requirements and decision paths.

  • ›Debt exposure instead of ownership
  • ›Review grids differ from banks
  • ›Covenants and security depend on the structure

Strategic investors

Corporates, landlords and developers buying for operational reasons. Their pricing often also reflects strategic considerations such as location, portfolio fit or operator logic.

  • ›Strategic pricing components possible
  • ›Internal alignment can take time
  • ›Structural preferences clarified early

International investors

Cross-border mandates and market entry into Germany and Switzerland. They need a local market rationale, English documentation and early clarification of structuring and tax questions with the respective advisers.

  • ›English data room and reporting
  • ›Structuring and tax with the respective advisers
  • ›Local market rationale required

€ 2bn+

Transaction volume completed

8,000+

Capital Providers & Investors

20+

Years of Industry Experience

DE, CH & intl.

Investor coverage

Two advisors reviewing key figures in a conference room
AI-generated

Strategies

Investment strategies at a glance

From predictable cash flow to ground-up development – the strategy sets the return expectation, the risk profile and the deals we put in front of you.

Core

Largely let assets in established locations with long lease terms. Value comes mainly from running cash flow, with limited management effort.

Core+

Solid assets with limited work to do: expiring leases, selective refurbishment, moderate letting tasks.

Value-add

Active value creation through letting, repositioning or energy refurbishment. Success depends on build time, budget discipline, letting progress and exit window.

Opportunistic

Development, conversion and special situations with high execution and market risk and a correspondingly high return expectation.

Private debt

Exposure to the financing rather than the equity: senior, whole loan or junior tranches. Remuneration, ranking and security depend on the specific structure; remuneration may be current-pay, capitalised or otherwise contractually agreed.

Manage-to-green

Acquiring energy-weak stock with a defined refurbishment path. What matters is refurbishment cost, feasibility in occupied stock and future lettability.

Risk & return

Where the strategies sit

The mapping is rough, but it shows the trade-off behind every first conversation: higher target returns typically come with higher risk, greater leverage and/or more operational or development-related complexity.

CoreCore+Value-AddOpportunisticRisk →Return →
  1. Core

    Long leases, established location

  2. Core+

    Solid standing asset with mild upside

  3. Value-Add

    Vacancy, refurbishment, re-letting

  4. Opportunistic

    Development, conversion, distressed

Criteria

How we measure fit

Volume

We take on mandates from EUR 10m of investment volume, and structure club deals with several capital providers where useful.

Regions

Focus on Germany and Switzerland, complemented by mandates in major European cities.

Structure

Direct purchase, share purchase, joint venture or participation in a financing tranche – depending on the mandate. Structuring and tax questions are for the respective advisers.

Holding period

From a project-related stake to long-term portfolio build-up. Exit mechanics are agreed before signing.

Origins

Where our investors come from

Germany and Switzerland at the core, extended to major European cities and international addresses – the size of the project decides which pool we approach.

Germany and Switzerland – our core

Most of our capital sits in Germany and Switzerland: family offices, pension schemes, special fund managers, foundations and private long-term holders. Short routes and known decision-makers.

  • ›Financing and transaction focus
  • ›Direct line to decision-makers
  • ›Confidential approach

European markets

Institutional investors and fund managers from major European cities, the Netherlands, Luxembourg and selected Nordic countries. Investment policies and acquisition grids differ by house.

  • ›Investment policy reviewed per house
  • ›English documentation
  • ›Committee processes planned in

Middle East and Asia

Sovereign-linked funds, family holdings and institutional investors from the Middle East and Asia. Structuring, compliance and documentation requirements belong on the table early.

  • ›Structure and compliance settled upfront
  • ›Higher coordination effort possible
  • ›Reporting requirements defined

North America

Private equity real estate houses and opportunistic investors interested in portfolios, special situations and larger single assets.

  • ›Portfolios and special situations
  • ›High demands on execution certainty
  • ›Clear exit assumptions required

Which pool we approach

Which national and international investors it makes sense to approach depends in particular on asset class, size, risk profile, structure and current investment mandate. A blanket allocation by origin and volume rarely leads to the right buyer in practice.

  • ›Asset class and risk profile
  • ›Size and structure
  • ›Current investment mandate

Process

From investor profile to closing

  1. Step 01

    Record the investor profile

    Asset classes, regions, ticket size, target return, structuring and ESG requirements – captured once instead of asked again on every deal.

  2. Step 02

    Matching & pre-screening

    You only see opportunities that match your profile, already reviewed with the calculation checked and the risks named.

  3. Step 03

    Indicative feedback

    Based on teaser and key figures you give a non-binding view. Nothing moves forward without your signal.

  4. Step 04

    Due diligence

    Data room, technical and legal review, coordination with your advisers – we run the process and keep the deadlines.

  5. Step 05

    Structuring & financing

    Where needed we arrange the debt and mezzanine tranche in parallel so equity and financing are ready at the same time.

  6. Step 06

    Closing & reporting

    Notarisation, completion and, on request, ongoing reporting across the holding period including exit preparation.

„We would rather send five transactions a year that fit your mandate than fifty that do not. That is what keeps investor relationships intact over decades.“
Sabiene Münch · Managing Director, Fox Capital

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