About iAM Capital
Who We Are
European private equity investment group with nearly 30 years of experience, focused on real estate investment strategies with a particular emphasis on hospitality and residential assets in Southern European markets.
Founded in 1997, we deploy capital across diversified asset classes, combining deep market expertise with active asset management to deliver exceptional results for our investors.
iAM Capital was founded
Decades of track record of team experience
Year history in alternative investment
Regulatory Framework
FCA regulated in the United Kingdom
London-based investment management
Luxembourg domiciled AIFs
Italian domiciled FIAs
Active Portfolio
Real Estate Funds
iAM Capital brings over five decades of experience in real estate investment and fund management. We leverage deep local market insight to source off-market opportunities, unlock underutilised assets, and execute focused co-investments and direct acquisitions. Through structured financing and strong funding partnerships, we target distressed assets in recovering markets with clear, achievable exit strategies and compelling risk-adjusted returns.
iAM Capital Europe II (“ICE II”) Fund
Launched 2020
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ICE II is iAM Capital’s second-generation real estate fund that has successfully deployed its capital across hospitality and residential investments in Rome, Milan and Paris, with a total transaction value of c. €70M as of year-end 2022.
The fund has successfully returned significant capital back to its investors during the investment period.
FIRST CLOSE
Q4 2020
INVESTMENT MANAGER
iAM Invest Ltd / Fundsight S.A. (AIFM)
FUND TYPE
Closed-end
INDUSTRY EMPHASIS
Hospitality , Mixed-use & Residential real estate assets
INVESTMENT STYLE
Value-add
GEOGRAPHICAL FOCUS
Italy and France
INVESTMENT STRATEGY
Syndications and co-investments with local investors and partners, who invest their own funds and proactively manage the properties
iAM Capital Europe III (“ICE III”) Fund
Launched 2023
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Following on from the success of IREO and ICE II, we launched our third-generation real estate fund that focuses on creating long-term capital growth through value-add strategies focused on the Southern European market.
FIRST CLOSE
Q3 2023
INVESTMENT MANAGER
iAM Invest Ltd / Fundsight S.A. (AIFM)
FUND TYPE
Closed-end
INDUSTRY EMPHASIS
Hospitality , Mixed-use & Residential real estate assets
INVESTMENT STYLE
Value-add
GEOGRAPHICAL FOCUS
Southern Europe
INVESTMENT STRATEGY
Acquisition of controlling stake in real estate assets with a view to repurpose or reposition existing assets and to refurbish aged stock
Alternatives
This alternative investment complements our real estate strategy by providing exposure to a differentiated asset class. It enhances overall portfolio diversification while maintaining a disciplined, risk-adjusted return profile.
iAM Capital U.S. Tax Lien Program SPV
Launched 2019
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As part of our Special Situations platform, iAM Capital sponsors dedicated U.S. investment vehicles focused on municipal tax sale certificates in New Jersey.
This strategy provides capital to local authorities to recover unpaid property taxes, supporting public services and neighbourhood stabilisation, while offering investors asset-backed exposure with structured downside protection.
The investment approach prioritises redemption outcomes and responsible asset management, with foreclosure pursued only where necessary and in full compliance with statutory protections.
INCEPTION DATE
2019
VEHICLE TYPES
Special Purpose Investment Vehicles (SPVs)
INDUSTRY FOCUS
Municipal tax certificates / Asset-backed real estate credit
INVESTMENT STYLE
Asset-backed special situations
GEOGRAPHICAL FOCUS
United States (East Coast)
INVESTMENT STRATEGY
Acquisition of municipal tax sale certificates secured against residential and mixed-use real estate assets.
Exited Portfolio
Real Estate Funds
Our strategy centres on hands-on asset management and selective exit timing. By crystallising value at the appropriate point in the market cycle, we aim to optimise returns for our investors.
Integrated Real Estate Opportunities (“IREO”) Fund
Launched 2015
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The IREO fund is a closed-end fund launched in April 2015 and incorporated in Luxembourg. IREO invests in a diversified portfolio of residential, retail, office and mixed-use assets in highly liquid markets and in attractively priced locations where we have strong and established partnerships.
The fund’s real estate investments include a portfolio of properties in Italy, France and the US.
INCEPTION DATE
April 2015
INVESTMENT MANAGER
iAM Invest Ltd / Lemanik (AIFM)
FUND TYPE
Closed-end
INDUSTRY EMPHASIS
Real Estate – Residential, retail, hospitality, and mixed-use assets
INVESTMENT STYLE
Value-add
GEOGRAPHICAL FOCUS
Central and Southern Europe, and selectively East Coast US
INVESTMENT STRATEGY
Syndications and co-investments with local investors and partners, who invest their own funds and proactively manage the properties
Renewable Energy
iAM Capital creates value in renewable energy by consolidating and refinancing fragmented secondary assets in a rapidly growing sector driven by global demand and energy market volatility. These projects offer uncorrelated real-asset exposure, long-term revenue stability, and attractive exit potential.
Integrated Green Opportunities (“IGO”) Fund
Launched 2015
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The IGO fund was a closed-end fund launched in September 2015. In one of the Italy’s largest solar transactions of 2016, iAM Capital, through IGO and other investment vehicles, concluded the €127M acquisition of a portfolio of 11 solar energy companies (located in 30 separate sites) owning photovoltaic installations spread across Italy with a total output of 34.5MWp.
This portfolio was sold in 2019 and IGO was fully liquidated in 2020. iAM Capital has since continued its investments into solar PV plants through separate vehicles and intends to sustain this strategy in 2023 and beyond.
INCEPTION DATE
September 2015
INVESTMENT MANAGER
iAM Invest Ltd / Lemanik (AIFM)
FUND TYPE
Closed-end
INDUSTRY EMPHASIS
Renewable Energy – Solar Photovoltaic Plants
GEOGRAPHICAL FOCUS
Southern Europe, particularly Italy
INVESTMENT STRATEGY
Investing in proprietary green energy projects along with local partners through syndications, direct investments, SPVs and various debt structures
Alternatives
iAM Capital’s track record in alternative investments spans over two decades. The company was listed on the London Stock Exchange between 1997 and 2009. In 2009, iAM Capital sold its onshore hedge fund business to Deutsche Bank and has since broadened its investment activities.
Integrated Alternative Opportunities (“IAO”) Fund
Launched 2014
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The IAO Fund is an open-ended fund launched in August 2014. IAO offers total return exposure to the alternatives market through a concentrated portfolio of hedge funds, real estate and green energy funds, equity and debt securities.
The fund pursues opportunistic strategies by identifying and capitalising on market anomalies and arbitrage opportunities. The fund seeks to deliver attractive and sustainable risk-adjusted returns with low volatility across a full market cycle.
INCEPTION DATE
August 2014
INVESTMENT MANAGER
iAM Invest Ltd / Lemanik (AIFM)
FUND TYPE
Open-end
INVESTMENT STYLE
Alternative multi-strategy
RISK PROFILE
Sustainable, risk-adjusted returns with low volatility
INVESTMENT PORTFOLIO
Hedge funds, real estate and renewable energy funds, single stocks and debt securities
INVESTMENT STRATEGY
Value Add – identifying market anomalies and arbitrages
FinTLV Ventures L.P. Fund
Launched 2018
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iAM Capital, together with Kidron Corporate Advisors (New York), sponsored a FinTech fund in collaboration with FinTLV, a venture capital partner that provides financial investment primarily to Fintech Proof-of-Concept (“POC”) stage start-ups.
FinTLV is headquartered in Tel Aviv, Israel, and hosts innovation zones across the globe (Tel Aviv, New York, and Cologne). The innovation zones provide a forum for start-ups and for FinTech companies to share space and meet with insurance companies and financial institutions actively seeking proprietary technology solutions.
The FinTLV Fintech Fund is now closed to new investors, having been oversubscribed.
INCEPTION DATE
September 2018
INVESTMENT MANAGER
FinTLV
FUND TYPE
Value Add – identifying market anomalies and arbitrages
INDUSTRY EMPHASIS
Early & growth stage companies operating in the FinTech and InsureTech sectors
GEOGRAPHICAL FOCUS
Israel, whilst proactively exploring opportunities in the US and UK
INVESTMENT STRATEGY
Early stage and Series A investments in companies with a distinctive technology edge, where the Fund can add value through its strategic partnerships and creative financial deal structures
Our History
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