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Yeldo

Investment philosophy

How Yeldo evaluates a real estate transaction

Every operation brought to market is evaluated on four dimensions: the strength of the capital structure, the resilience of the asset class and stage, the market in which it sits, and the quality of the process from origination to exit. This framework applies to every transaction on the platform.

+EUR 2Bn

Total transacted value

~80

Financed deals

34

Exited deals

13.2%

Historical IRR (gross)

Capital structure

Senior and mezzanine positions

Yeldo’s strategy centres on senior and mezzanine positions backed by real estate collateral. Senior positions have the highest priority in the payment waterfall and replace or complement bank financing. Mezzanine positions sit between the sponsor’s equity and senior debt, at a different point in the capital stack and with a different risk and return profile. Every operation discloses where in the structure the investor’s capital sits, before commitment.

Mezzanine positions carry higher risk than senior positions, reflecting their place in the payment waterfall. Full risk disclosure is available in the documentation of each operation.

Residential and office towers seen from below

Geographies

Selected European markets

Yeldo focuses on Italy, Switzerland, Spain, Portugal and France, markets in which the team has direct relationships with developers, equity investors and institutional asset managers, built over years of origination in each country. This local presence provides access to off-market operations before they reach the broader market.

City skyline seen from a rooftop

Where we invest

Asset classes and investment profiles

The pipeline covers new construction, refurbishment and income-generating properties, across Core+, Value Add and Opportunistic profiles and the Residential, Hospitality, Logistics, Commercial, Office and Retail asset classes. Yeldo has a particular focus on high-end residential and hospitality, asset classes that have shown resilience through market cycles.

Asset classes

  • Residential

  • Hospitality

  • Logistics

  • Commercial

  • Office

  • Retail

Investment profiles

  • Core+

  • Value Add

  • Opportunistic

Residential and office towers seen from the street

Our process

Investment process

Every operation follows the same four-step process, run by Yeldo’s in-house investment professionals together with independent advisors. Fewer than 3% of the operations screened pass through to structuring.

  • Origination

    Yeldo partners directly with real estate developers, equity investors and institutional asset managers to source operations before they reach the broader market.

  • Deal valuation

    Every deal is first screened through a proprietary AI tool built in-house by Yeldo’s tech team. The tool allows Yeldo’s real estate professionals to cover a wider pipeline at the same standard.

  • Due diligence

    Final decisions rest with the team. Yeldo runs extensive due diligence with independent external advisors and valuers on every operation, regardless of size.

  • Final closing

    Yeldo negotiates terms structured to protect investor capital and to align the risk taken with the targeted return.

Beyond the investment team

One team across every function

An operation does not end with the investment team’s sign-off. The same standard applies across every function that carries a deal from structuring to exit, within a single organisation.

  • Origination & Structuring

    Sources each operation and engineers the instrument behind it, the bond, the terms, the structure specific to that deal.

  • Finance

    Oversees strategic planning, controlling, accounting, financial statements and reporting to management and investors. Together with the Real Estate and Fundraising teams, it structures tailored financial products and handles their compliance, execution and ongoing monitoring.

  • Client Service & Compliance

    Prepares the documentation, maintains the regulatory perimeter, and protects investor interests on every operation.

  • Investor Relations

    Manages reporting, allocation and the ongoing dialogue with qualified and institutional capital, deal by deal.

  • Marketing

    Builds the brand's authority and credibility over time: media relations, investor communications, and the events that connect qualified capital with the team behind each deal.

  • Tech

    Builds and maintains Yeldo's proprietary technology: digital underwriting, capital-raising infrastructure, and the regtech that keeps every operation compliant across jurisdictions.