Hospitality
Portfolio of full-service hotels
Acquired opportunistically, financed, asset managed and exited profitably.
Principal Investment
We invest where new capital changes the outcome.
Blackbear is a principal, not a fund manager. The partners' own family capital is committed to every transaction either independently or alongside third-party equity, into situations where stress, complexity, transition or a broken capital structure means more of the same capital will not solve the problem.
We take control or significant minority positions with board representation, install financial controls and management where required, and stay involved through operations to exit.
What we look for
Asset types
- Hotels and resorts
- Branded residences
- Mixed-use and multifamily
- Offices
- Leisure, F&B and pubs
- Healthcare
- Rail infrastructure
- Energy and energy transition
- Natural resources
Situations
- Recapitalisations
- Turnarounds
- Distressed acquisitions
- Development funding
- Growth capital
- Platform build-outs
Our role
- Control positions
- Significant minorities with board seats
- Financial controls and reporting
- Management change
- Access to Blackbear affiliates
- Access to 500+ capital relationships
Five principles
01Special situations
Stress, complexity, transition or a broken capital structure, where new structured capital unlocks value.
02Aligned capital
The partners' own family capital is invested in every transaction. Our downside is the same as our co-investors'.
03No fund constraints
No vintage, no strategy or geographic mandate, and no obligation to deploy or exit on a fund clock.
04Active ownership
Board representation, management change, financial controls and operational execution, with active involvement throughout.
05Structured-finance edge
Acquisition and growth capital optimised using the partners' structured-finance background.
Portfolio
Selected principal investments
Blackbear has taken principal positions in businesses across hospitality, beverage, branded residential, rail infrastructure, renewable energy and renewable manufacturing and distribution. In each case the investment was made where new structured capital and active ownership were what unlocked value, not more of the same equity.
Hospitality services
Hotel management and advisory platform
Strategic investment in an established operator to maintain and grow business lines and establish as an institutional operating partner.
Branded residential
Prime residential redevelopment
Development of a single high-value residence in a supply-constrained European market.
Rail infrastructure
Rail maintenance, service and overhaul business
Significant shareholding in a Swiss-owned rail maintenance business with German subsidiaries, including a new state-of-the-art 10,000 sqm train depot in Bavaria.
Hospitality and beverage
Distillery and visitor business
Controlling stake in a distillery of historic significance in Scotland. Distressed opportunity with significant repositioning and growth potential.
Renewable energy
Distributed solar aggregation platform
Lead investor in a platform using proprietary technology to source solar energy from granular producers, selling that power to the grid for solar credits and finding SME buyers for those credits through distributed generation.
Renewable manufacturing and distribution
Solar panel and cell manufacturing
Shareholding acquired in a growing manufacturing and distribution business.
Aggregate portfolio figures are shown on the home page. No asset-level valuation, counterparty or performance data is published on this page.