Zencap Asset Management

What is Zencap Asset Management?

Zencap Asset Management is a Paris-based specialized asset manager focusing on the European unlisted debt market. As a subsidiary of OFI Group, Zencap AM manages and advises on assets worth approximately 1.5 billion euros.

Since its inception in 2011, the firm has carved out a niche in offering a variety of investment opportunities including CLO, distressed debt, private debt, junior debt, real estate mezzanine debt, and senior debt. They position themselves as European pioneers in real economy financing, particularly for small and mid-cap companies and assets. Their investment products are tailored to professional investors, and they articulate a clear investment thesis that aims to deliver an attractive risk-reward trade-off, with performance targets ranging from +2% to +10% p.a., depending on the fund.

These are long-term, locked funds, which typically exhibit lower volatility than listed debt and have a low cost in capital relative to expected returns.

Zencap AM's strategy includes financing enterprises and assets (real estate, infrastructure, tangible assets) from senior to mezzanine debt, conducting deals independently or in clubs, and maintaining a focus on the pan-European market for euro-denominated financing. Zencap AM prides itself on its experienced team, entrepreneurial management, and institutional backing within OFI Invest Group.

The firm is also committed to responsible investment, having developed an ESG (Environmental, Social, and Governance) approach that includes a Responsible Investor Charter, exclusion and vigilance policies, a climate strategy, and biodiversity policy aligned with European and French regulations.

The firm actively communicates their role in financing operations, such as hotel acquisitions, corporate debt arrangements, and support for energy transition projects, demonstrating their hands-on approach to fostering sustainable and resilient economic growth.