Capital with a mandate. Execution with ownership.

We don’t manage exposure—we manage assets.

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What We Manage?

Direct Investment Portfolios — Concentrated real assets and private positions. Cash first; upside second.

We manage concentrated portfolios of real estate and private equity positions where we underwrite for cash flow first, and upside second. We don’t rely on IRR gymnastics or optimistic exits. The model must cash flow, compound, and hold under pressure.

1

Income-producing residential & mixed-use

2

Asset-backed operating companies (e.g., storage/logistics with owned real assets)

3

Structured equity and senior/mezzanine credit

4

Typical size: €2M–€25M per asset (illustrative; varies by mandate/jurisdiction)

Asset Sale-Ready Structures

Asset Sale-Ready Structures

Clean wrappers and optionality from day one: SPVs/LPs/LLCs (and digitally native vehicles, where permitted), pre-set exit mechanisms, reinvestment options, and co-signature rights on key decisions.

  • BlackStar principal capital
  • Anchor LPs and direct co-investors
  • Strategic partners
  • UHNW individuals and family offices (min. allocation: €1M)

Who We Manage For?

BlackStar principal capital BlackStar principal capital

BlackStar principal capital

Anchor LPs and direct co-investors Anchor LPs and direct co-investors

Anchor LPs and direct co-investors

Strategic partners seeking Strategic partners seeking

Strategic partners seeking

Co‑investment deal flow

UHNW individuals and family offices UHNW individuals and family offices

UHNW individuals and family offices

(min. €1M allocation)

Thematic Strategies

Inefficiency over hype: focused allocations with clear drivers—an income engine plus appreciation potential.

  • Cash-flowing real estate in high-demand micro-markets
  • Core-plus redevelopments (Portugal, Spain, Greece)
  • PropCo–OpCo structures (hospitality, education, care)
  • Secondary entry into undervalued private positions with control levers

Example (illustrative): distressed coastal hospitality asset in Algarve; 14-month repositioning; net yield normalized to 9.3%; partial exit via minority sale at 2.1× equity. Example is illustrative and not indicative of future results.

Thematic Strategies Illustration
BlackStar Capital office

How We Work?

  • Asset-level transparency — investors see the deal, not just a marketing deck.
  • Governance clarity — standard vehicles, clear waterfalls, no side-letter opacity.
  • Fee integrity — aligned economics and audited reporting.
  • Skin in the game — BlackStar capital co-invested.
  • Focused geographies — primarily Portugal, Spain, Greece, and select U.S. metros. Fees (illustrative): 1.25% management; 15% performance allocation above an 8% preferred return (mandate-dependent).

What Makes
BlackStar Different?

Most managers chase yield. We build it.:

  • We originate directly — we don’t rely on brokered flow or platforms.
  • We operate when needed — not just board seats.
  • We structure for income today and clean exits tomorrow.
  • We stay small to stay sharp — no dilution, no fee layering.
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No offer is being made. Investments are illiquid and capital is at risk. See Disclaimer and Privacy Policy.

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