iAM Capital is a global private equity investment group aiming to generate value for investors by deploying capital into alternative investment strategies with a focus on real estate and renewable energy.
Since its founding in 1997, iAM Capital has raised and managed over 20 alternative funds and direct investments in real estate and renewable energy. Since 2015, iAM Capital has invested in more than 25 real estate deals through its dedicated real estate funds, and acquired in excess of 50 MWp of solar plants.
Through iAM Invest Ltd, our London based FCA regulated subsidiary, we act as an investment manager to our specialized Luxembourg investment funds, which are structured as regulated EU Alternative Investment Funds.
Our current mandate includes acting as the investment manager of:
We are also the co-lead sponsor of FinTLV Ventures, an Israel based private equity fund investing in emerging financial services technologies, insure-tech, blockchain and big data solutions.
iAM Capital team has over five decades of experience in real estate investments and real estate fund management.
Our competitive edge in this sector stems from our ability to source off-market opportunities and to identify inefficiencies in the utilization of certain real estate assets in iAM Capital’s target markets.
iAM Capital deploys capital for real estate co-investments and direct acquisitions through its sophisticated understanding of local markets and a defined, focused investment matrix. We execute structured financing through relationships with banking and other funding partners, and typically target distressed opportunities in recovering markets with solid return performance underpinned by pre-defined, achievable exit strategies.
Following on from the success of IREO and ICE II, we are launching our third-generation real estate fund that will focus on creating long-term capital growth through value-add strategies focused on the Italian market, with the majority of the fund to be invested in Milan and Rome.
ICE III is a 6-year term fund with a €250M fundraising target and has €50M of initial commitments as of year-end 2022.
ICE III is a Reserved Alternative Investment Fund (RAIF) whose organization is regulated by the Luxembourg CSSF.
LAUNCH DATE | Q1’2023 |
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INVESTMENT MANAGER | iAM Invest Ltd |
FUND TYPE | Closed-end |
INDUSTRY EMPHASIS | Residential & mixed-use real estate assets |
INVESTMENT STYLE | Value-add |
GEOGRAPHICAL FOCUS | Italy; primarily Milan and Rome |
INVESTMENT STRATEGY | Acquisition of controlling stake in real estate assets with a view to repurpose or reposition existing assets and to refurbish aged stock |
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, which were then reinvested, and is on track to surpass initial return target of 15% net IRR.
ICE II is a Reserved Alternative Investment Fund (RAIF) whose organization is regulated by the Luxembourg CSSF.
LAUNCH DATE | 30 June 2020 |
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INVESTMENT MANAGER | iAM Invest Ltd |
FUND TYPE | Closed-end |
INDUSTRY EMPHASIS | Residential & mixed-use 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 |
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.
LAUNCH DATE | April 2015 |
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INVESTMENT MANAGER | iAM Invest Ltd |
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 |
iAM Capital seeks to take advantage of pre-distressed or fragmented secondary opportunities by being an active agent in creating value through consolidation and refinancing of renewable energy assets, a sector that is rapidly growing due to increased global demand and volatility in energy markets.
Renewable energy projects provide uncorrelated investments in real assets, exposure to the growing alternative energy sector, and tend to offer relative stability of revenues over the long term with the strong prospect of favorable exits.
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 concluded a €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 34.2MWp. This portfolio was sold in 2019 for €140M 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.
LAUNCH DATE | September 2015 |
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INVESTMENT MANAGER | iAM Invest Ltd |
FUND TYPE | Closed-end |
INDUSTRY EMPHASIS | Renewable Energy – Solar Photovoltaic Plants |
geographical focus | Southern Europe, particularly Italy |
investment strategy | Taking advantage of pre-distressed or fragmented secondary opportunities and creating value through consolidation and refinancing |
INVESTMENT STRATEGY | Investing in proprietary green energy projects along with local partners through syndications, direct investments, SPVs and various debt structures |
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.
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.
LAUNCH DATE | August 2014 |
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INVESTMENT MANAGER | iAM Invest Ltd |
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 |
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.
LAUNCH DATE | September 2018 |
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INVESTMENT MANAGER | FinTLV |
FUND TYPE | Closed-end |
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 |
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