THREESTONES CAPITAL MANAGEMENT S.A.

Threestones Capital is a fast growing independent investment management group headquartered in Luxembourg. The company manages private equity real estate regulated investment vehicles under the supervision of the Luxembourg financial authorities (CSSF) in compliance with European financial regulations.
Threestones Capital Management SA is an AIFM (Alternative Investment Fund Manager) in accordance with the AIFM Directive

Focus on niche asset class

In evaluating private equity investments, Threestones Capital looks for asset classes with stable and predictable cash flows,...

A two-fold investment strategy

In devising the investment strategy and select invest-
ment markets, the company privileges a top-down approach recognising that business...

Hands-on direct management

Threestones believes in “hands-on” direct investment management and detailed control of operations. and applies a vertically integrated...

Fund Structure SIF-SICAV
Luxembourg Closed-end SIF-SICAV
Fund Manager (AIFM)
Threestones Capital Management SA
Currency
EUR
Fund Size
EUR 450 million (equity)
Leverage
Max. 50% LTV
Fund Term
8 years (+1 year extension)
Target Net IRR
10-12% (net of all costs , fees, promote, and taxes)
Target Distribution
4% p.a., paid quarterly
Minimum Subscription
EUR 1 million
Manager
Threestones Capital Management SA
Asset Class
Nursing Homes
Investment Style
Core+
Geography
Germany, Italy, Spain
Launch date
2016
Fund StructureSIF-SICAV
Luxembourg Closed-end SIF-SICAV
Fund Manager (AIFM)
Threestones Capital Management SA
Currency
EUR
Fund Size
EUR 160 – (Target: EUR 100m - Over-subscribed)
Leverage
50% LTV
Fund Term
5 years + 2x2 year extension option
Target Net IRR
12 ‐ 15% (net of costs and fees)
Target Distribution
5% p.a.
Minimum Subscription
closed to subscription
Manager
Threestones Capital Management SA
Asset Class
Nursing Homes
Investment Style
Core+
Geography
Germany
Launch date
2014
Fund Structure SIF-SICAV
Luxembourg Open‐ended SIF-SICAV
Fund Manager (AIFM)
Threestones Capital Management SA
Currency
EUR
Fund Size
EUR 100 million
Leverage
50% LTV
Fund Term
Open-ended with 3-years lock-up period
Target Net IRR
10% Net p.a.
Target Distribution
4% Net p.a. paid quarterly
Minimum Subscription
125.000 EUR
Manager
Threestones Capital Management SA
Asset Class
Residential
Investment Style
Value added
Geography
Germany
Launch date
2014
Fund StructureSIF-SICAV
Luxembourg Closed-end SIF-SICAV
Fund Manager (AIFM)
Threestones Capital Management SA
Currency
EUR
Fund Size
EUR 60 million
Leverage
55% LTV
Fund Term
Exited 2016
Target Net IRR
Approx. 13%
Target Distribution
5% p.a.
Minimum Subscription
Closed to subscription
Manager
Threestones Capital Management SA
Asset Class
Nursing Homes
Investment Style
Core+
Geography
Germany
Launch date
2010

 

LATEST NEWS

Threestones Capital acquires a nursing home in Germany

Threestones Capital Management SA has bought a nursing home in Germany.
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March 18th IPE Real Asset Publication

New acquisition in Spain
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Mars 11 The World Property Journal Publication

THREESTONES CAPITAL SUCCESSFUL HARD CLOSE OF ITS EUROCARE REAL ESTATE FUND AT EUR 450 million. 1.5X OVERSUBSCRIBED
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THREESTONES CAPITAL MEA LDT

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