ROUNDSHIELD PARTNERS LLP

Thesis

RoundShield Partners LLP is a London-based investment firm specializing in European asset-backed credit opportunities and private capital solutions, with a focus on special situations and distressed opportunities. The firm targets mid-sized real estate, infrastructure, hard asset, and financial asset markets. Their investment strategy prioritizes opportunities with strong fundamental value, leveraging a diverse network and deep understanding of Western European market dynamics. They invest across a one-to-six-year time horizon with a safety-first mentality and minimal leverage, aiming for annualised equity-like returns with a net IRR range of 12-15% and an average gross multiple of 2x. Key sectors include real estate, infrastructure, and financial assets, with specific expertise in student housing, hospitality, renewable energy, and operating real estate. As of July 2025, Harrison Street Asset Management acquired a majority stake (60%) in RoundShield Partners. The firm had approximately £5.2 billion in assets under advice (AUA) as of March 31, 2025, and $5.4 billion in assets under management (AUM) as of July 2025. RoundShield Fund V closed in September 2024 with over $1 billion in commitments. Their typical investment ticket size ranges from €30 million to €100 million, with flexibility from €20 million to €150 million. They have also financed assets below €1 million as part of a roll-up strategy. The firm was founded in 2013 and has offices in London, Jersey, Geneva, Madrid, Munich, and Luxembourg.