We invest where local insight, structural advantage, and disciplined underwriting converge — across hospitality, real estate, and alternative investment funds.
Hospitality and consumer-facing operations through the JAHO platform — combining lifestyle, logistics, and scalable experience design.
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Development of residential, mixed-use, and infrastructure assets across Cyprus and the European Union accession corridor.
View StrategyEvery deal passes a five-point discipline check before capital is committed.
Transparent ownership, clean cap table, board discipline.
Recurring income or demonstrated, defensible demand.
Defensible location, irreplaceable land, scarcity value.
Operators who execute — not just allocators of capital.
Tailwinds, favorable regulation, structural growth.
The Fund's principal objective is to invest in income-producing assets and development projects in European Union accession countries — Romania, Bulgaria, Moldova, and Serbia — while opportunistically pursuing other selected EU markets.
Disciplined underwriting against a 20%+ internal rate of return on capital deployed.
Romania · Bulgaria · Moldova · Serbia, with selective EU opportunities.
Acquisitions, repositioning, and ground-up development.
Built for multi-cycle ownership, not flip exits.
Ownership, financing, tax, and FX risks managed at structure level.
The playbook every deal is run through — non-negotiable, repeatable, compounding.
Investing in development opportunities with local and international developers in highly sought-after locations with proven concepts.
Acquiring income-producing properties in high-quality locations, anchored by credit-worthy tenants.
Targeting properties that require technical or tenant repositioning to unlock embedded value.
Investing in concepts new to target areas but proven elsewhere — first-mover advantage with reduced risk.
Costs aligned to low replacement cost versus other EU markets — built-in downside protection.
Structuring to manage ownership, financing, taxation, and currency exchange risk at the holding level.
Purchasing land with zoning approvals already in place — regulatory risk eliminated before capital deployment.
Debt, equity, and mezzanine calibrated per holding to match the asset's profile.
We welcome conversations with prospective co-investors, partners, and institutional counterparts across our three verticals.