• Landfair European Dislocated Opportunities Fund (“Landfair EDO” or the “Fund”) will invest in European real estate with strategies in distress, credit, and special situations.
• The fund will focus on opportunities in Germany, Ireland, Spain, and the UK.
• B-Flexion is confirmed as one of three anchor investors.

LONDON/ZUG, (March 18, 2024): Landfair Capital (“Landfair” or the “Firm”), an independent investment firm specializing in providing liquidity solutions in European real estate markets that are underserved by traditional sources of capital, today announced the close of its inaugural fund, Landfair EDO.

Focusing on Germany, Ireland, the UK, and Spain, the pan-European Fund provides innovative and structured capital solutions. Landfair specializes in situations that require a deep fundamental understanding of asset values and in identifying pockets of inefficiency or dislocation within key European markets. This includes non-performing loans and distressed debt, credit and hybrid strategies, and special situations.

Landfair was founded in 2020 by Jonathan Fragodt and Stefan Jaeger, who each bring over 20 years of investment experience and a strong track record in European distress and credit opportunities. Starting their careers in Germany, both founders have a proven track record, consistently delivering attractive returns across various market cycles. Before Landfair, Fragodt was a partner at Castlelake, having previously worked at AB CarVal (formerly Cargill Value Investment). Jaeger served as Managing Director, Acquisitions, at Colony Capital, having previously spent ten years in investment banking, specializing in structured finance and distressed debt.

In 2021, Landfair entered a strategic partnership with B-Flexion. As an anchor investor, B-Flexion made a significant capital commitment to Landfair EDO as well as to future Landfair investment products. Other investors in the Fund include a high-quality mix of European and US institutional investors, family offices, and charitable foundations.

Jonathan Fragodt, co-founder, and partner at Landfair, said: “The close of Landfair EDO allows us to focus on the new and developing opportunity set in European real estate-backed credit markets. As a new manager, Landfair is free to focus on the new distressed opportunity set without the burden of having to manage a legacy portfolio that has been adversely impacted by the recent economic downturn.

“We want to thank our limited partners for their support. We are proud to have their trust and their long-term commitment. We are optimistic about the future and very excited for the next chapter.”

Since the initial close of Landfair EDO, the Fund has deployed approximately half of total commitments.

“Our investment strategy has been tested through multiple market cycles throughout our careers, and we expect significant opportunities to deliver strong performance in the current and future market environment. Our extensive sourcing network enables Landfair to be very disciplined in our selection criteria, and we apply a consistent investment approach to extract value through active management, restructuring, and the repositioning of assets,” said Stefan Jaeger, co-founder, and partner, Landfair.

“We believe the next few years, in particular, will be characterized by great opportunities for dislocated investing.”

ENDS

Media Contact:

Gay Collins, Montfort Communications: gaycollins@montfort.london or +44 (0)7798 626282
Aaron Bass, Montfort Communications: Bass@montfort.london or +44 (0)7800 666 380

About Landfair
Landfair is an independent alternative private credit manager focused on European asset backed dislocated opportunities. The firm was founded in 2020 by an experienced management team with offices in Zug, Switzerland and London, UK. Landfair specializes in providing capital and liquidity through innovative and structured solutions, with a focus on complex transactions and high-quality assets with limited competition due to capital dislocation.  For more information visit landfair.com.      

About B-Flexion
B-Flexion is a private, entrepreneurial investment firm, partnering with sophisticated capital to meet the shared goal of delivery exceptional value over generations.  The firm invests in and partners with asset managers across sectors including Private Equity, Venture Capital, Infrastructure, Technology, Real Estate, Hedge Funds, Public and Private credit and Public Securities. In addition to seeding and building asset managers, the firm also drives expansion by growing operating businesses in transformative industries principally in the fields of Life Sciences, Healthcare Services and Digital Health. For more information visit bflexion.com.

LEGAL DISCLAIMERS

This document is for information purposes only and does not constitute an offering of any security, product, service or Fund. This document does not constitute investment advice and may not be used in making any investment decision. This document contains only summary information, and no representation or warranty, express or implied, is or will be made in relation to the accuracy or completeness of the information contained herein, by Landfair Capital or any of its respective affiliates or funds. Some of the statements contained in this document are, or may be deemed to be, "forward-looking statements." Forward-looking statements are based on certain assumptions and reflect Landfair's current expectations. By their nature, forward-looking statements are subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, predictions or conclusions will not prove accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. The reader is cautioned not to put undue reliance on forward-looking statements.