When the deal doesn't fit a box.
Complex, time-sensitive, or unconventional situations where the complexity is the opportunity — and where a firm that can advise, structure, and operate has the edge.
The deals that don't fit a category are the ones generalists avoid and we lean into.
Complexity as the opportunity.
Special situations are the positions that don't fit a standard box: a carve-out, a complex cross-border arrangement, a time-sensitive recapitalisation, a structurally unusual opportunity, or a situation where ordinary capital can't move fast or cleverly enough. The complexity that scares off generalist capital is exactly where a firm like ours has an edge.
Because we can advise, structure, invest, and operate under one roof, we can underwrite and execute situations that would require assembling three firms anywhere else — and do it on the corridor, where cross-border complexity is our native terrain. We take these positions selectively and on strong conviction, with structures designed precisely to the situation.
They sit beside our distressed work, and lean heavily on our structuring capability.
The kinds of situations we like.
Carve-outs
Untangling and standing up a business from a larger whole.
Complex cross-border
India–US arrangements others find too tangled.
Time-sensitive deals
Where speed and structure decide the outcome.
Unconventional structures
Opportunities that need a bespoke instrument.
Recaps & restructurings
Reshaping capital under pressure.
The genuinely odd
Situations that simply don't fit a category.
From complexity to a clean position.
Underwrite
Find the opportunity inside the complexity.
Structure
Design the bespoke instrument and arrangement.
Move
Execute with the speed the situation demands.
Operate
Bring operators where the situation needs running.
Special situations lean on structuring and intelligence.
Distressed & Turnaround
The adjacent recovery work.
Structures
The bespoke instruments.
Capital Services · Structuring
The deal architecture.
Our Thesis
Why complexity suits us.
The things people ask first.
What counts as a 'special situation'?
Anything that doesn't fit a standard box — carve-outs, complex cross-border, time-sensitive recaps, unconventional structures.
Why are these your edge?
Because we can advise, structure, invest, and operate under one roof — and the corridor's complexity is our native terrain.
Are these high-risk?
Selective and conviction-led. The complexity is the opportunity, but we underwrite the downside carefully and structure to it.
How fast can you move?
Faster than assembling multiple firms — one roof means underwriting, structuring, and execution don't wait on handoffs.
Got a situation that doesn't fit a box?
Tell us what makes it complex. That's usually where we're most useful.