Antaia Capital SCSp
Restructuring instead of waiting out the market.
We invest equity in distressed real estate with a residential character in Germany and Austria — from multi-family housing and assisted living and care to hotels and serviced apartments.
€ 75 M
Target Volume
≥ 10
Assets in the target portfolio
2
Core markets Germany and Austria
7 years
Term, 2 × 12-month extension
Positioning
Returns, grounded.
Antaia Capital SCSp is a closed-ended, opportunistic real estate fund under Luxembourg law. We buy where conventional asset management no longer suffices: in forced sales, financing defaults, vacancy and structural repositioning needs.
What sets us apart from pure distressed funds is operational depth at acquisition. Through the Operandis group we know planning, costing and delivery from practice, and can judge what a repositioning costs. The fund provides equity only; planning, execution and building-owner responsibility rest with the project sponsor.
Track Record
The fund is new.
The fund is new.
The people are not.
Antaia Capital SCSp has no fund track record of its own — no realised investments, no returns, no distributions. What we can show is the performance record of the individuals involved and of the Operandis group.
We keep the two clearly apart: sponsor history is not an indicator of the fund's future performance.
Four pillars
Disciplined deployment of capital
Opportunistic entry
Proprietary access to assets
Risk management
Governance
Who decides, who controls.
The fund is externally managed. Investment decisions are taken by the AIFM, not the General Partner — there is no re-delegation to the GP. The whole is supervised by the CSSF.
Structure, committees, the conflict-of-interest regime and the names of all parties are set out openly on a dedicated page, not buried in the legal notice.
Sustainability
Article 8, not Article 9.
The fund promotes environmental and social characteristics but does not pursue a sustainable investment objective. We name the classification plainly rather than dressing it up with logos.
Distressed assets enter the portfolio in poor energy condition. The sustainability contribution arises only through refurbishment.
Acquisition profiles
Three categories, one selection process
Three categories by project status. We accept offers at any time.
Project developments
Distressed · repositioning of existing stock
Planning permission is in place or foreseeable.
Assets under construction
Partial completion · financing default
Construction is underway and has stalled.
Existing properties
NPL · vacancy · forced sale
In need of refurbishment, up to full vacancy.
Next step
Let's talk.
For subscription interest, fund documents and roadshow appointments, separate addresses are available. Property offers run through a dedicated channel.