All Capital Is Not Equal

Control acquisitions of established businesses, typically using a combination of equity and leverage. Focused on operational improvement and strategic growth to drive value creation.

Minority or majority investments in fast-growing companies that are past the venture stage. Focus on scaling revenue, expanding markets, and building institutional capabilities.

Early-stage and expansion-stage investments in innovative, high-growth companies. Higher risk profile balanced by significant return potential.

Investments in financially stressed or operationally challenged companies, typically at significant discounts. Requires deep operational and restructuring expertise.

Acquisition of non-core divisions or subsidiaries from larger corporations. Opportunity to unlock value through focused management and strategic repositioning.

Minority equity investments in private equity and alternative asset management firms. Provides exposure to management fee streams and carried interest across diversified portfolios.

Purchase of existing limited partner positions in private equity funds, often at discounts to NAV. Provides diversification, accelerated J-curve, and shorter duration.

Senior and unitranche loans to mid-market companies, typically secured by assets and cash flows. Provides predictable income with downside protection.

Loans secured against specific asset pools — receivables, inventory, equipment, or intellectual property. Specialty lending to niche sectors with specialist underwriting.

Debt investments secured by real property — mezzanine, preferred equity, bridge, and construction loans. Complements Dorado's core real estate credit platform.

Investments in CLOs, ABS, and bespoke structured products. Typically targets specific tranches to optimize risk-return within the capital structure.

Niche credit strategies including venture debt, trade finance, and litigation funding. Higher yields driven by specialist underwriting and non-correlated risk profiles.

Acquisition of debt in financially distressed situations — corporate restructurings, insolvencies, and workout situations — typically at significant discounts.

Stabilized, income-producing properties in prime locations — office, industrial, retail, and multifamily. Low-risk, yield-focused strategy with predictable cash flows.

Properties with upside potential through repositioning, renovation, lease-up, or operational improvement. Moderate risk with enhanced return potential.

Emerging and alternative property sectors — data centres, life sciences, self-storage, student accommodation, healthcare, and logistics. Driven by structural demand trends.

Agricultural land investments providing inflation-protected income and long-term capital appreciation. Increasingly attractive as a real asset class with ESG alignment.

Established, essential-service assets with regulated or contracted revenue streams — utilities, toll roads, airports, and ports. Stable, inflation-linked cash flows.

Solar, wind, battery storage, and green hydrogen projects. Accelerating demand driven by decarbonisation mandates and falling technology costs.

Data centres, fibre networks, towers, and edge computing facilities. Critical enablers of the digital economy with strong secular demand.

Hospitals, schools, affordable housing, and transport systems developed and operated via public-private partnerships. Stable demand underpinned by government contracts.

Traditional and transitional energy investments — upstream, midstream, and downstream. Focus on assets positioned for the energy transition with strong ESG frameworks.

Critical minerals, base metals, and precious metals. Growing demand from electrification, defence, and technology supply chains — particularly relevant to Australia.

Agricultural production, processing, and agtech investments. Long-term demand growth driven by population expansion, dietary shifts, and supply constraints.

Water rights, treatment, distribution, and technology investments. Increasingly scarce resource with critical importance to agriculture, industry, and urbanisation.

Fundamental stock picking with both long and short positions. Seeks alpha from security selection while managing market exposure and drawdown risk.

Strategies exploiting corporate events — mergers, spin-offs, restructurings, and activist situations. Returns driven by catalysts rather than market direction.

Top-down strategies trading currencies, rates, commodities, and equities based on macroeconomic views. Highly liquid with potential for strong returns in volatile markets.

Long/short credit strategies across investment-grade, high yield, and structured credit markets. Income-oriented with asymmetric return profiles.

Music royalties, pharmaceutical royalties, patent portfolios, and IP licensing revenue. Predictable cash flows from contractual rights with long-duration income streams.

Catastrophe bonds, collateralised reinsurance, and sidecars. Truly non-correlated returns driven by natural catastrophe risk rather than financial markets.

Aircraft, shipping, rail, and container leasing. Essential assets with long useful lives, contracted revenue, and residual value protection.

Sports franchises, fine art, wine, rare collectibles, and luxury goods. Alternative stores of value with unique demand dynamics and cultural significance.