A specialist fund targeting real estate-secured non-performing loans in Italy. Fixed coupon structure with asymmetric upside from a shrinking, specialist-dominated market.
Italy holds one of Europe's largest residual non-performing loan stocks. As flow shrinks and buyers consolidate, specialist operators with local court expertise and real estate recovery capabilities command a structural premium.
An estimated €53 billion in residual NPL stock remains in the Italian banking system, creating sustained deal flow for specialist buyers with local expertise.
As Italian banks deleverage and NPL flow declines, remaining inventory concentrates among fewer specialist operators. Reduced competition drives wider spreads and better entry pricing.
Fund positions are backed by Italian real estate collateral, providing downside protection. Recovery is driven through established Italian court processes with direct property access.
Proven execution across Italian NPL transactions, with consistent recovery multiples driven by deep local market knowledge and direct real estate management.
Structured for alignment, transparency, and institutional governance.
Hubble Capital Fund is available exclusively to qualified investors and professional investors as defined under applicable securities regulations (including MiFID II and national implementing legislation). This offering is not available to retail investors.
Prospective investors are encouraged to consult their legal, tax, and financial advisors to determine eligibility and suitability before expressing interest.
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allocatoriq@polsia.appThank you for your interest in Hubble Capital Fund. Our investor relations team will review your inquiry and respond within two business days.
This website is provided for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security or investment product. Any such offer would only be made by means of a formal offering memorandum or similar documentation, which would contain material information not available on this website, including risk factors.
Hubble Capital Fund is available exclusively to qualified investors and professional investors as defined under applicable securities regulations, including the Markets in Financial Instruments Directive (MiFID II) and relevant national implementing legislation. This material is not intended for, and should not be relied upon by, retail investors.
Past performance is not indicative of future results. The track record information presented (including the Como deal and Morgan Stanley repossession portfolio) reflects historical outcomes of specific transactions and should not be construed as a guarantee, projection, or prediction of future performance. Actual results may differ materially.
All investments involve risk, including the possible loss of principal. The value of investments and the income derived from them may go down as well as up. Non-performing loan investments involve particular risks including but not limited to: credit risk, real estate market risk, Italian judicial process risk, currency risk, liquidity risk, and regulatory risk.
The information contained herein is based on sources believed to be reliable but is not guaranteed as to accuracy or completeness. Target returns are based on certain assumptions and analysis, are hypothetical in nature, and do not represent actual performance. There can be no assurance that the target returns will be achieved.
Prospective investors should carefully review the offering documents and consult with their own legal, tax, and financial advisors before making any investment decision.