About


Who We Are


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, reaching 3.2B of AUM. 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.

Investment Management


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:

iAM Capital Europe III (“ICE III”), currently raising with a €250M target size and initial commitments of €50M

iAM Capital Europe II (“ICE II”), investing in real estate assets in Italy and France

Integrated Real Estate Opportunities (“IREO”), fully invested in real estate assets in Italy, France, and selectively in the US

Integrated Alternative Opportunities (“IAO”), investing in a concentrated portfolio of hedge funds, equity and debt securities

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.

Real Estate

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.

iAM Capital Europe III (“ICE III”) Fund

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.

LAUNCH DATE

Q1′ 2023

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

iAM Capital Europe II (“ICE II”) Fund

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.

LAUNCH DATE

30 June 2020

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

Integrated Real Estate Opportunities (“IREO”) Fund

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

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

Renewable Energy

iAM Capital seeks to take advantage of 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.

Integrated Green Opportunities (IGO) Fund

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, through IGO and other investment vehicles, concluded the €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 34.5MWp.

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

INVESTMENT MANAGER

iAM Invest Ltd

FUND TYPE

Closed-end

INDUSTRY EMPHASIS

Renewable Energy – Solar Photovoltaic Plants

GEOGRAPHICAL FOCUS

Southern Europe, particularly Italy

INVESTMENT STRATEGY

Investing in proprietary green energy projects along with local partners through syndications, direct investments, SPVs and various debt structures

Alternatives

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.

Integrated Alternative Opportunities (“IAO”) Fund

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

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

FinTLV Ventures L.P. Fund

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

INVESTMENT MANAGER

FinTLV

FUND TYPE

Value Add – identifying market anomalies and arbitrages

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

Our History


  • Launch of the new real estate fund

    iAM Capital Europe III Fund (“ICE III”) launches with a €250M target and initial commitments of €50M

  • Acquisition of trophy asset in Rome for ICE II and further solar investments

    iAM Capital acquires a portfolio of 4 solar plants in Italy with a 3.5MWp capacity.

    ICE II extends activities with the acquisition of Lungotevere Sanzio – a trophy asset on the banks of the Tiber in Rome, slated for a luxury hotel development

  • Acquisition of 22,500 sqm portfolio in Milan and Rome, and continuation of the solar strategy

    iAM Capital acquires a portfolio of 5 solar plants in Italy with a 4.5MWp capacity

    ICE II completes the  acquisition of a premier real estate portfolio comprising four assets  of c. 22,500 sqm in Rome and Milan, for a total consideration of over €30M

  • Full deployment of IREO and first close of iAM Capital Europe II Fund (“ICE II”)

    iAM Capital holds first close of its second dedicated real estate fund, ICE II

    IREO final deployment comprised of eleven transactions between Italy and France, investing in c. 24,500 sqm of assets worth c. €90M

  • Sale of solar portfolio and new-economy hospitality investment

    iAM Capital invests into Sweet Inn Luxembourg, the holding company of a fast growing short-term rental group, through its alternatives fund, IAO

    iAM Capital successfully sells its majority interest in the Econergy Solar PV Portfolio to EF Solare Italia, Italy’s largest owner of solar energy plants, in a transaction valued at €140M

  • Final close of IREO and continued investments into alternatives

    iAM Capital becomes one of the sponsors of FinTLV Ventures L.P., a fintech venture fund with a focus on InsureTech companies based in Israel

    iAM Capital invests in Heritage Family Office Ltd in a strategic marketing partnership

  • Launch and first close of Integrated Real Estate Opportunities Fund (“IREO”) and Integrated Green Opportunities Fund (“IGO”)

    iAM Capital launches its first dedicated real estate fund, IREO, with a €100M investment target

    iAM Capital initiates institutional renewable energy investments through IGO

  • Finalization of corporate restructuring and launch of alternatives fund management

    iAM Capital forms a Luxembourg investment vehicle with Integrated Alternative Opportunities Fund (“IAO”) as a sub-fund

    iAM Capital sells its FCA regulated UK and Italian brokerage businesses to US securities trading platform and Central European Investment bank to focus on its core business

  • Continuation of corporate restructuring and strategic investments into alternative strategies

    iAM Capital completes a strategic investment and syndication in Marex Spectron Group Limited, a leading global commodities brokerage

  • Open offer and delisting of iAM Capital

    iAM Capital adapts its strategy to post financial crisis environment to create a more nimble platform

  • Sale of the fund management business and initiation of corporate restructuring

    Deutsche Bank purchases iAM Capital’s onshore fund management business

  • Global acquisitions and world class ranking

    iAM Capital grows into one of the top 100 alternative investment managers in the world with over $3B of AUM in 2007

    Multiple acquisitions in UK, Netherlands, France, Germany, Israel, Italy and South Africa to grow the firm’s AUM

  • Institutional brokerage and the growth of the fund management business

    Privatbank Bellerive AG sells controlling stake to new management

    New management commences discretionary management of alternative funds, hedge funds of funds and special situation investments, and introduces structured products, capital guaranteed notes, and fixed income products to institutional investors

  • iAM Capital Is Founded

    iAM Capital is founded by Privatbank Bellerive AG

  • Launch of the new real estate fund

    iAM Capital Europe III Fund (“ICE III”) launches with a €250M target and initial commitments of €50M

  • Acquisition of trophy asset in Rome for ICE II and further solar investments

    iAM Capital acquires a portfolio of 4 solar plants in Italy with a 3.5MWp capacity.

    ICE II extends activities with the acquisition of Lungotevere Sanzio – a trophy asset on the banks of the Tiber in Rome, slated for a luxury hotel development

  • Acquisition of 22,500 sqm portfolio in Milan and Rome, and continuation of the solar strategy

    iAM Capital acquires a portfolio of 5 solar plants in Italy with a 4.5MWp capacity

    ICE II completes the  acquisition of a premier real estate portfolio comprising four assets  of c. 22,500 sqm in Rome and Milan, for a total consideration of over €30M

  • Full deployment of IREO and first close of iAM Capital Europe II Fund (“ICE II”)

    iAM Capital holds first close of its second dedicated real estate fund, ICE II

    IREO final deployment comprised of eleven transactions between Italy and France, investing in c. 24,500 sqm of assets worth c. €90M

  • Sale of solar portfolio and new-economy hospitality investment

    iAM Capital invests into Sweet Inn Luxembourg, the holding company of a fast growing short-term rental group, through its alternatives fund, IAO

    iAM Capital successfully sells its majority interest in the Econergy Solar PV Portfolio to EF Solare Italia, Italy’s largest owner of solar energy plants, in a transaction valued at €140M

  • Final close of IREO and continued investments into alternatives

    iAM Capital becomes one of the sponsors of FinTLV Ventures L.P., a fintech venture fund with a focus on InsureTech companies based in Israel

    iAM Capital invests in Heritage Family Office Ltd in a strategic marketing partnership

  • Launch and first close of Integrated Real Estate Opportunities Fund (“IREO”) and Integrated Green Opportunities Fund (“IGO”)

    iAM Capital launches its first dedicated real estate fund, IREO, with a €100M investment target

    iAM Capital initiates institutional renewable energy investments through IGO

  • Finalization of corporate restructuring and launch of alternatives fund management

    iAM Capital forms a Luxembourg investment vehicle with Integrated Alternative Opportunities Fund (“IAO”) as a sub-fund

    iAM Capital sells its FCA regulated UK and Italian brokerage businesses to US securities trading platform and Central European Investment bank to focus on its core business

  • Continuation of corporate restructuring and strategic investments into alternative strategies

    iAM Capital completes a strategic investment and syndication in Marex Spectron Group Limited, a leading global commodities brokerage

  • Open offer and delisting of iAM Capital

    iAM Capital adapts its strategy to post financial crisis environment to create a more nimble platform

  • Sale of the fund management business and initiation of corporate restructuring

    Deutsche Bank purchases iAM Capital’s onshore fund management business

  • Global acquisitions and world class ranking

    iAM Capital grows into one of the top 100 alternative investment managers in the world with over $3B of AUM in 2007

    Multiple acquisitions in UK, Netherlands, France, Germany, Israel, Italy and South Africa to grow the firm’s AUM

  • Institutional brokerage and the growth of the fund management business

    Privatbank Bellerive AG sells controlling stake to new management

    New management commences discretionary management of alternative funds, hedge funds of funds and special situation investments, and introduces structured products, capital guaranteed notes, and fixed income products to institutional investors

  • iAM Capital Is Founded

    iAM Capital is founded by Privatbank Bellerive AG

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