Every opportunity is assessed under the mandate of the relevant vehicle. The starting point is the asset itself, along with its present position and the basis for the proposed investment plan.
Senoia Capital focuses on opportunities in which the underlying asset can be assessed directly. Property is central to the platform. Energy and infrastructure are considered where they have a meaningful relationship to the investment case.
Explore our FundsEach opportunity is considered against the mandate of the relevant fund. Senoia Capital assesses the broad investment rationale before substantial resources are committed. This stage considers whether the asset is relevant to the platform. It also establishes whether there is a credible reason to proceed with further work.
The physical and commercial position of the asset is examined in greater detail. Independent technical, legal and commercial advisers may also be engaged where additional specialist assessment is required. The work may consider the building’s condition. It may assess its income profile. It may also examine the market setting in which the property operates.
An opportunity proceeds only where the assessment supports the proposed course of action. The terms of the investment are considered in the context of the relevant vehicle. This includes the position of the fund and the requirements of its mandate.
An asset plan is established once an investment is made. It provides the working basis for the period ahead. The plan may involve a capital program. It may set out an operational response. In a credit situation, it may focus on the progress of the borrower’s defined plan.
Senoia Capital monitors investments through the holding period. The asset plan is revisited where the circumstances of the investment require it.
We consider developments at asset level. Any material change is assessed in relation to the original investment rationale.
An opportunity must be appropriate for the fund considering it. The presence of a property opportunity does not itself make it suitable for every strategy.
We review the physical condition and commercial setting of the underlying asset. This helps establish the requirements of the proposed plan.
The amount and timing of any required capital are considered before investment. A proposed programme must be proportionate to the position of the asset.
The form of investment must suit the relevant opportunity. Where secured financing is used, the security position is a central part of the assessment.
Some investments depend on the execution of works or a defined project plan. We weigh up whether that route is sufficiently established before capital is deployed.
The expected route to realization is considered at the outset. In a credit investment, this includes the basis for repayment.
Fund information is shared only in the appropriate setting. Senoia Capital provides information on its managed strategies to investors following an appropriate enquiry. Material relating to a fund may be subject to eligibility requirements and jurisdictional restrictions.
This website provides general information about Senoia Capital. It does not constitute an offer, invitation or recommendation to acquire an interest in any vehicle managed by the firm.