Raith is a deep value investor that seeks to optimize risk-adjusted returns via a platform that invests across all parts of the capital structure
Investment Strategy
Raith Capital Partners targets sectors with strong tailwinds, capitalizes on distressed situations, and aggregates portfolios in fragmented markets. Raith applies a bottom-up, fundamental analysis to each investment – quantifying the intrinsic value of the underlying assets and evaluating the risks of each transaction.
Equity
Raith targets opportunistic returns by investing in assets experiencing dislocation or distress at the property level or within the sponsorship. Raith invests in sub and non-performing loans, value-add and opportunistic equity as well as selective development opportunities.
With deep experience capitalizing on distressed situations across property types, Raith identifies special situations where the long term intrinsic value of the underlying real estate exceeds the capitalization of the investment, helping limit downside risks and ultimately protecting principal and returns.
Key Themes
Acquire undercapitalized assets and distressed loans in sectors that have been dislocated
Identify emerging markets and asset classes that have been underinvested in by institutional capital
Invest in compelling relative value opportunities within individual asset classes
Aggregate individual assets and portfolios to benefit from platform-level scale
Credit
Through various investment vehicles on the credit platform, Raith capitalizes on dislocations in the market by acquiring / originating public debt securities, private mezzanine and senior loans. Raith also provides bridge capital.
Applying the same underwriting approach and rigor as in equity investments, Raith determines the value of underlying assets while focusing on generating attractive risk-adjusted returns and capital structure safety.
Key Themes
Invest at attractive basis relative to Raith's view of the long-term intrinsic collateral asset value
Capitalize on dislocations in capital markets
Focus on markets and asset classes with fundamental tailwinds that drive long-term cash flow growth
Identify quality sponsorship with demonstrated track record