StellarVest Asset Management

What StellarVest Asset Management does

StellarVest Asset Management is a Portugal-based specialized asset management servicer founded in 2018, headquartered in Lisbon with a satellite office in Porto. The firm focuses on complex asset management mandates spanning non-performing loans (NPLs), real estate owned (REOs), and securitization, serving institutional investors, alternative investment funds, and banks. StellarVest holds Bank of Portugal authorization under license 60005 and operates the CMVM-approved Zarco STC SA securitization vehicle, positioning it as the only servicer in Portugal with documented experience in complex carve-outs and Portuguese State servicing contracts.

The company's core products are organized into four lines: Loans Management (NPL servicing and recovery), Real Estate Asset Management (REO commercialization and rental management, generating approximately €7M annually from 120 lease contracts), Advisory (due diligence and financial modeling), and Zarco STC (securitization services). Its technology foundation is a custom-built, end-to-end IT platform covering the full asset lifecycle from boarding to collections, including automated notification management, KPI tracking, broker allocation, and a leads origination module, complemented by a real estate portal and a broker portal for distribution.

StellarVest generates revenue through asset-based servicing fees, transaction fees on real estate commercialization, rental management income, advisory engagements, and securitization servicing. Its go-to-market is B2B enterprise sales targeting a roster that includes Apollo, Fortress, LCM Partners, Davidson Kempner, Santander, Caixa Geral de Depósitos, Oitante, Profile, and AICEP. Cumulative operational metrics since 2018 include over €1.2B in assets under management, 6,000+ assets managed, €580M+ in REO sales, and €230M+ in collections, supported by a 24-person team.

Name

StellarVest Asset Management

Legal name

StellarVest Asset Management, Unipessoal Lda.

Website

https://stellarvest.pt

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

StellarVest is a Portugal-based specialized asset management servicer (founded 2018) managing €1.2B+ in NPLs, REOs, and securitization mandates for institutional investors, alternative funds, and banks, via a custom end-to-end servicing platform.

Ownership category

akta.pro rank

Product category

Asset Management Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990), Other Investment Pools and Funds (5259)

SIC

Asset-Backed Securities (6189), Investment Advice (6282), Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• NPL servicing
• Asset management
• Real estate management
• Securitization services
• Credit recovery

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Management and Recovery Services: Revenue generated from managing loan portfolios including credit recovery, servicing, and outsourcing for performing, sub-performing, and non-performing loans (NPLs). Services include portfolio analysis, amicable resolution, legal management, and recovery for corporate and single-name credits.
2. Real Estate Asset Management: Revenue from managing and commercializing real estate assets (REOs), including technical regularization, development, transformation, and sale of properties including land, buildings, unfinished properties, and occupied properties. Includes rental management generating approximately €7M annually.
3. Advisory Services: Due diligence, portfolio analysis, financial modeling, guarantee valuations, legal analysis, strategic acquisition recommendations, pricing, and support for buy/sell processes of credit portfolios and real estate assets.
4. Securitization Services via Zarco STC: Complete securitization services through their dedicated vehicle Zarco STC, SA. Services include securitization configuration, management, and reporting to Bank of Portugal.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

StellarVest Asset Management provides specialized asset management services for complex assets, including non-performing loan (NPL) servicing, real estate-owned (REO) management, advisory, and securitization via its Zarco STC vehicle. The firm manages the entire asset lifecycle from portfolio analysis and onboarding through credit recovery, asset regularization, commercialization, and post-sale management, serving institutional investors, banks, and financial institutions in Portugal.

Product overview

StellarVest Asset Management operates as a specialized asset management firm offering an integrated 360-degree service across four core products: Loans Management (credit recovery, NPL servicing, and outsourcing), Real Estate Asset Management (REO management, property commercialization, and development), Advisory (portfolio analysis, due diligence, and financial modeling), and the Zarco STC Securitization Vehicle (complete securitization services). The platform combines integrated asset and legal management with real-time data capabilities to serve investors, financial institutions, and the Portuguese state.

Differentiator

Problem solved

Functional benefit

Brands

• Zarco STC: Independent securitization vehicle providing complete securitization services, approved by the Portuguese Market Authority (CMVM), with a well-defined independent organizational structure.

Products and services

• Loans Management Comprehensive loan management services covering credit recovery, servicing, and outsourcing for performing, sub-performing, and non-performing loans (NPLs), with integrated asset and legal management for institutional clients including banks, funds, and financial institutions.
• Real Estate Asset Management Specialized real estate asset management covering technical regularization, commercialization, development, transformation, and management of real estate-owned (REO) properties including land, buildings, unfinished properties, and occupied properties, with active rental management for investors.
• Advisory Expert advisory services for portfolio analysis, due diligence (financial, documentary, legal), asset valuations, financial modeling, and strategic acquisition recommendations for NPL, performing loan, and REO portfolios.
• Zarco STC Securitization Vehicle Independent securitization vehicle providing complete securitization services including asset selection, structuring, issuance, configuration, ongoing management, and regulatory reporting to Bank of Portugal, approved by CMVM with complete segregation from servicing activities.

Quantifiable outcome

• Over €580M in REO sales since 2018
• +5 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Zarco STC, SAcoreStrategic or Co-development PartnerZarco STC, SA is a wholly-owned securitization vehicle of StellarVest, established to provide independent securitization services. Approved by the Portuguese Market Authority (CMVM), it offers complete securitization services with a fully dedicated team. Key differentiators include complete segregation from servicing activities, confidentiality assurances (information not shared with competitors), and flexibility to work with any servicer chosen by the investor. Reports to Bank of Portugal Credit Bureau on behalf of borrowers and guarantors.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Oitante (Banif STC): Portuguese securitization vehicle originally tied to Banif; named as a StellarVest client but also a direct competitor in the STC/securitization space comparable to StellarVest's Zarco STC vehicle.
• Hipoges: Iberian NPL and real estate asset management servicer with operations across Spain and Portugal. Offers comparable loan servicing, REO commercialization, and advisory services to the same institutional client base that StellarVest targets.
• Albatris: Iberian-focused asset servicer referenced in StellarVest CEO Ruben Sommer's prior experience. Directly comparable NPL/REO servicing and portfolio management capabilities serving institutional clients in the Portuguese and Spanish markets.
• Aktua (EVO Banco): NPL servicer with established Iberian footprint, offering loan servicing, recovery and real estate management comparable to StellarVest's loans and REO service lines.
• Gesvalt: Independent Iberian valuation and advisory firm overlapping with StellarVest's advisory and asset valuation services, including REO valuations and portfolio due diligence.
• Servigestiona / Anticipa (Finsolutia ecosystem): Portuguese servicer providing credit recovery, real estate management and advisory services. Direct competitor in the Portuguese domestic market for NPL/REO mandates.
• Altamira (doValue Group): Largest NPL and REO servicer in the Iberian peninsula with deep presence in Portugal and Spain. Directly competes with StellarVest for institutional servicing mandates, carve-outs, and securitization-adjacent mandates; significantly larger scale and broader geography.

Broad incumbents

• Intrum: European credit management and NPL servicing incumbent with presence across multiple European markets. Larger, established player with overlapping capability set though operating at broader scale across many geographies.
• doValue: Pan-European NPL servicer with multi-country platform (Italy, Spain, Portugal, Greece). Broader incumbent operating in StellarVest's niche as part of a wider portfolio with greater scale and capital markets capabilities.
• Euler Hermes / Allianz Trade Asset Management: Large European credit insurer with associated asset management and debt recovery services. Operates at broader scale across multiple asset classes and regions, with adjacent capabilities to StellarVest's loan servicing and recovery work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/stellarvest

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about StellarVest Asset Management