BlackStar Capital
BlackStar Capital: “BlackStar Capital is a private investment firm originating, structuring and operating high-yield real-asset investments across Iberia.”
Who can invest?
“Qualified, professional, or accredited investors only (for example, MiFID professional clients or U.S. Reg D accredited investors), subject to suitability and local law.”
View in the company profileWhat are the minimums?
“Typically EUR 0.5M; some mandates EUR 1M or more. Co-invest tranches vary by deal.”
View in the company profileHow liquid are investments?
“Generally illiquid. Where offered, vehicles may allow periodic redemptions after an initial lock-up with notice, gates, and side pockets; terms vary by vehicle and share class and are defined in the offering documents.”
View in the company profileHow often do you report?
“Quarterly reports and capital account statements, with annual audits where applicable. Methods and definitions are disclosed in the reporting pack.”
View in the company profileHow are fees structured?
“Mandate-dependent: typically a management fee and a performance allocation or carry above any hurdle, where applicable. Fund, administration, audit, and transaction expenses may be borne by the vehicle.”
View in the company profileDo you provide a track record?
“Yes, under NDA to eligible parties. Presented net of fees, expenses, and carry, with methodology (IRR/MOIC; time- or money-weighted as applicable) and vintage coverage.”
View in the company profileDo you use leverage?
“Conservative and asset-appropriate, and stress-tested, with no return engineering. Where possible, leverage is non-recourse to investors.”
View in the company profileWhere do you invest?
“Primarily Portugal, Spain, and Greece, plus select U.S. metros for direct assets; certain fund strategies may invest in global developed markets.”
View in the company profile