Landfair

What Landfair does

Landfair is an independent investment firm founded in 2020 and headquartered in Zug, Switzerland, with additional offices in London and Luxembourg. The firm provides liquidity solutions in European real estate markets that are underserved by traditional sources of capital, deploying capital across dislocated capital structures via three integrated strategies: Credit (secured whole-loan and mezzanine loans, preferred equity, profit-participating instruments for recapitalizations), Distress (acquisition of secured asset-backed sub-performing and non-performing loans and non-core real estate assets), and Special Situations (acquisition of assets emerging from restructurings, structured finance vehicles, and complex ownership structures). The firm is control-oriented and targets complex, typically liquidity-constrained situations requiring deep understanding of underlying assets and creditor rights.

The business is led by co-founders Jonathan Fragodt and Stefan Jaeger, both with two decades of European real assets and special-situations experience at Castlelake, Colony Capital, CarVal Investors, CSFB, Barclays Capital, and Citigroup. The team of approximately eight includes investment, operations, finance, legal/compliance, and capital formation professionals. UK investor-facing activities are conducted through Landfair Capital Limited as an appointed representative of B-FLEXION Advisors (UK) LLP, which is FCA-authorized; the firm has also adopted SFDR/Taxonomy Regulation compliance posture for EU distribution.

Revenue is generated through a combination of interest income, equity appreciation, and transaction fees associated with asset acquisition, lending, and restructuring; terms are negotiated bilaterally with institutional investors and not publicly disclosed. Distribution is institutional-only, via direct capital formation relationships with pension funds, endowments, family offices, and sovereign wealth funds; deal sourcing relies on a long-standing European network of sellers, borrowers, buyers, operating partners, and advisors.

Name

Landfair

Legal name

Landfair Capital AG

Website

https://landfair.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Landfair is an independent investment firm providing liquidity solutions across European real estate markets underserved by traditional capital, deploying Credit, Distress, and Special Situations strategies via offices in Switzerland, the UK, and Luxembourg.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Real Estate Credit (522292)

SIC

Real Estate Dealers (For Their Own Account) (6532), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Real Estate Private Credit (CRE Debt) (FSANADAG)

akta.pro secondary industries

SME Commercial Real Estate (CRE) Lending (FSABABAG), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Real estate credit
• Distressed assets
• Special situations
• European real estate
• Investment management

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Private Credit and Equity Investment Management: Generates returns through opportunistic investment across dislocated European real estate capital structures, providing liquidity solutions via secured loans, preferred equity, and direct asset acquisitions. Revenue derived from interest income, equity appreciation, and transaction fees associated with asset acquisition and restructuring.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Landfair is an independent investment firm providing liquidity and capital solutions across European real estate markets through three core strategies: Credit (senior and mezzanine debt financing), Distress (acquisition of distressed performing and non-performing real estate loans), and Special Situations (bespoke structured solutions for complex real estate scenarios). The firm manages capital on behalf of institutional investors and serves as a non-bank alternative to traditional lenders.

Product overview

Landfair is an independent investment firm offering three integrated investment strategies—Credit, Distress, and Special Situations—focused on European real estate markets underserved by traditional capital sources. The Credit strategy provides financing solutions through secured whole-loan and mezzanine loans, preferred equity, and profit participating instruments. The Distress strategy acquires sub-performing and non-performing loans along with non-core real estate assets. The Special Situations strategy targets assets emerging from restructurings and complex ownership structures. Together, these strategies employ a multi-strategy, control-oriented approach across dislocated capital structures, offering both private credit and equity solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Strategy Senior and mezzanine debt financing solutions for European real estate transactions, providing non-bank credit to owners, sponsors, and developers of UK and Western European real estate assets.
• Distress Strategy Acquisition of performing and non-performing real estate loan portfolios and individual distressed loans across European markets, providing liquidity to sellers and exposure to discounted real estate debt for investors.
• Special Situations Strategy Bespoke structured capital solutions for complex European real estate scenarios, including recapitalizations, structured equity, and other non-standard situations requiring tailored financing or capital partners.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Partners Group: Large global private markets firm with European real estate credit and special situations capabilities. Landfair team member Sebastian Frisch previously worked at Partners Group's Real Estate Team covering European residential, office, and logistics markets — a directly relevant pedigree.
• Oaktree Capital Management (Real Estate Opportunities): Special situations and distressed credit manager with European real estate opportunities fund. Comparable strategy targeting European dislocated real estate capital structures, but operating at far larger scale.
• Brookfield Asset Management (Real Estate): Global alternative manager with significant European real estate debt and special situations franchise. A scaled incumbent competing for similar institutional mandates and distressed/special situation deal flow.
• Ares Real Estate Group: Large alternative asset manager with extensive European real estate debt and equity strategies. Comparable as a broad incumbent competing for institutional capital and CRE credit opportunities across Europe.

Direct peers

• Castlelake: Global alternative investment manager with significant European real assets and private credit operations. Directly comparable to Landfair as co-founder Jonathan Fragodt spent 12+ years there overseeing European Real Assets, and multiple Landfair team members (Kevin Hiniker, Kathy Altenhoff) previously led functions at Castlelake.
• Cheyne Capital: London-based alternative asset manager with European real estate debt and special situations strategies. Direct comparable given overlapping European credit and distressed real estate mandate.
• CarVal Investors: Alternative investment manager focused on opportunistic and distressed credit, including European NPLs, real assets, and asset-based private credit. Co-founder Jonathan Fragodt worked with CarVal on European NPLs and asset-based private credit, making it a direct comparable to Landfair's distress and credit strategies.
• Colony Capital (DigitalBridge): Alternative investment manager historically active in European real estate distressed and special situations. Co-founder Stefan Jaeger was a Managing Director there overseeing European sourcing, structuring, execution, and management of investments, making it a directly comparable platform for Landfair's strategy.
• Blantyre Capital: European-focused special situations and distressed debt fund manager. Direct comparable given overlapping European special situations mandate and Landfair CFO Sam Young was previously CFO of Blantyre Capital.

Regional players

• Capital Dynamics: Switzerland-based (Zug) alternative asset manager with European private equity and real estate activities. Comparable given shared Swiss/European footprint and Landfair Director of Operations Anna Gredenhoff previously worked there.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/landfair

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Landfair