Fundamental Partners

Fundamental Partners (“FP”) is an opportunistic private investment strategy focused on special situations in the municipal market and public purpose assets. Portfolio positions are often critical to the community and include affordable housing, senior care, infrastructure, alternative energy and hospitality.

FP’s investments take many forms, including distressed municipal debt, controlling interests in real assets and direct lending to other bespoke specialty finance transactions. On an opportunistic basis, FP also seeks to acquire minority interests in municipal securities that are mispriced due to technical dislocations or idiosyncratic factors.

Investment Objectives

  • Acquire real assets (or debt securities backed by an asset) at a discount and employ a value-add approach to drive operating performance
  • Improve structure/marketability of assets by refinancing, recapitalizing and otherwise addressing unique municipal encumbrances
  • Structure investments to generate consistent cash flow
  • Limit downside risk by adhering to disciplined underwriting and targeting less-cyclical subsectors

Strategies & Sectors

Strategies

  • Control-Oriented
    Debt/Real Assets
  • Specialty
    Finance
  • Credit/
    Opportunistic

Sectors

  • Senior Care/
    Healthcare
  • Affordable Housing/
    Student Housing
  • Infrastructure/
    Alternative Energy
  • Hospitality/
    Urban Renewal

Sample Investments 2

  • Chicago Senior Care

    Revitalization of distressed senior care facility on the Magnificent Mile

  • Iconic Boston Hotel

    Rehabilitation and build-out of landmark hospitality asset on a major university campus in Kenmore Square

  • Minor League Baseball Stadium

    Acquisition of distressed municipal bonds secured by a Triple-A minor league baseball stadium and franchise in downtown Memphis

  • Solar Lending

    Programmatic lending for late stage development and construction of solar projects