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Investors

Access to opportunities that never reach the market.

We work with institutional investors, family offices, debt funds and private investors – with prepared documentation, clear structures and realistic assumptions.

Segments

Investor segments

Every type of capital has its own return expectations, decision paths and restrictions. We only approach the addresses a mandate genuinely fits.

Family offices

Direct investments and club deals with short decision paths. Typically equity-rich, long-term minded and open to value-add when the story is transparent.

  • Equity tickets of EUR 2–25m
  • Decisions often within 2–4 weeks
  • Direct access to decision makers

Real estate funds

Open and closed-ended funds with a defined investment policy. Reliable in process, but bound by acquisition guidelines, committees and fund restrictions.

  • Tickets of EUR 20–150m
  • Written acquisition profile
  • Committee cycles built into the timeline

Pension schemes & insurers

Regulated institutions focused on core and core+. They look for long leases, low volatility and clean ESG evidence.

  • Distribution before capital growth
  • Regulatory quotas apply
  • ESG reporting is mandatory

Debt funds

Alternative lenders for senior, whole loan and mezzanine tranches. Faster and more flexible than banks, at a price – useful under time pressure or with a complex story.

  • Commitment possible in 3–6 weeks
  • Higher LTV/LTC tolerance
  • Tight covenants, market pricing

Strategic investors

Corporates, landlords and developers buying for operational reasons. They often pay above pure yield value for location, portfolio fit or operator logic.

  • Strategic premium possible
  • Longer internal alignment
  • Asset deals usually preferred

International investors

Cross-border mandates and market entry into Germany and Switzerland. They need a local market rationale, English documentation and clarity on tax and structuring.

  • English data room and reporting
  • Structuring and withholding tax upfront
  • A local partner opens doors

€ 0bn+

Capital placed

0+

Active capital relationships

0+ years

Market experience

DE, CH & intl.

Investor coverage

Two advisors reviewing key figures in a conference room
AI-generated

Strategies

Investment strategies at a glance

From predictable cash flow to ground-up development – the strategy sets the return expectation, the risk profile and the deals we put in front of you.

Core

Fully let assets in established locations with long leases. Target returns of 3–4.5% p.a., driven mainly by running cash flow.

Core+

Solid assets with limited work to do: expiring leases, minor refurbishment. Target returns of 4.5–6% with moderate management effort.

Value-add

Active value creation through letting, repositioning or ESG refurbishment. Target IRR of 8–12%, driven by build time, budget discipline and exit window.

Opportunistic

Development, conversion and special situations. Target IRR from 15% with correspondingly high execution and market risk.

Private debt

Exposure to the financing rather than the equity: senior, whole loan or mezzanine with running interest and security in the land register.

Manage-to-green

Acquiring energy-weak stock with a defined refurbishment path. The ESG uplift is now a measurable value driver in its own right.

Risk & return

Where the strategies sit

The mapping is rough, but it shows the trade-off behind every first conversation: more return only comes with more work on the asset.

CoreCore+Value-AddOpportunisticRisk →Return →
  1. Core

    Long leases, prime location, 3 – 4 % yield

  2. Core+

    Solid standing asset with mild upside

  3. Value-Add

    Vacancy, refurbishment, re-letting

  4. Opportunistic

    Development, conversion, distressed

Criteria

How we measure fit

Ticket size

We work in a range of EUR 10 to 400m of investment volume, and structure club deals with several capital providers where useful.

Regions

Focus on Germany and Switzerland, complemented by mandates in major European cities such as Amsterdam, Madrid, Vienna or Copenhagen.

Structure

Direct purchase, share purchase, joint venture or participation in a financing tranche – depending on mandate and tax position.

Holding period

From a 24-month development stake to buy-and-hold over 15 years. Exit mechanics are agreed before signing.

Origins

Where our investors come from

Germany and Switzerland at the core, extended to major European cities and international addresses – the size of the project decides which pool we approach.

Germany and Switzerland – our core

Most of our capital sits in Germany and Switzerland: family offices, pension schemes, special fund managers, foundations and private long-term holders. Short routes, known decision-makers, short review times.

  • Tickets from EUR 10m
  • Decisions often in 2 – 4 weeks
  • Direct line to management

MENA

Sovereign-linked funds and large family holdings from the Middle East and North Africa. They come in at larger volumes and bring their own requirements on structure and documentation, which belong on the table early.

  • Usually from EUR 50m
  • Structure and compliance settled upfront
  • Longer decision paths, high completion rate

Asia

Institutional investors and family offices from Singapore, Hong Kong, Japan and Korea. The focus is firmly on core and core+ in gateway cities with resilient tenant structures.

  • Core and core+ in prime locations
  • High reporting standards
  • Often engaged via local advisors

Northern Europe

Pension funds and fund managers from Scandinavia and the Netherlands. They hold long, review thoroughly, and weight the ESG pathway more heavily than any other group we work with.

  • Long holding periods
  • ESG pathway is a knock-out criterion
  • Clear acquisition grids, little room for interpretation

United States

Private equity real estate houses and opportunistic investors. They look for portfolios, special situations and larger single assets — quick to decide, hard in price negotiation.

  • Portfolios and special situations
  • Fast indicative bids
  • High demands on execution certainty

Size determines the pool

Which addresses we approach depends on volume. Up to roughly EUR 50m we usually stay in Germany and Switzerland because decisions come faster. Above the hundred-million mark the international pool is added, often in parallel to avoid losing time.

  • EUR 10 – 50m: Germany and Switzerland
  • EUR 50 – 150m: plus major European cities and Northern Europe
  • Above EUR 150m: plus MENA, Asia, USA

Process

From investor profile to closing

  1. Step 01

    Record the investor profile

    Asset classes, regions, ticket size, target return, structuring and ESG requirements – captured once instead of asked again on every deal.

  2. Step 02

    Matching & pre-screening

    You only see opportunities that match your profile, already reviewed with the calculation checked and the risks named.

  3. Step 03

    Indicative feedback

    Based on teaser and key figures you give a non-binding view. Nothing moves forward without your signal.

  4. Step 04

    Due diligence

    Data room, technical and legal review, coordination with your advisers – we run the process and keep the deadlines.

  5. Step 05

    Structuring & financing

    Where needed we arrange the debt and mezzanine tranche in parallel so equity and financing are ready at the same time.

  6. Step 06

    Closing & reporting

    Notarisation, completion and, on request, ongoing reporting across the holding period including exit preparation.

We would rather send five transactions a year that fit your mandate than fifty that do not. That is what keeps investor relationships intact over decades.
Sabiene Münch · Managing Director, Fox Capital

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