Bergson is an opportunistic equity investor in metropolitan areas, focused on structural above-average growth patterns inherent in traditional assets in gentrifying sub-markets as well as in alternative assets. Bergson’s specific expertise lies in creating risk-return asymmetries in German real estate: proprietary origination, creativity, downside protection and alpha generation, all the while dissecting complexity through rigorous analysis. Bergson’s investment strategies follow themes such as concealed asset quality, temporary illiquidity, urban infilling, niche-to-mainstream, or yield for complexity. This is applied across real estate asset classes and the value-add/opportunistic and core/core+ risk spectrums to build asymmetric risk-return profiles for enhanced cyclicality.
Identification of sub-markets & assets underpinned by favorable fundamental trends as well as structural shifts
Definition of robust, particular-angle investment theses
Focus on attractive going-in pricing (discount to replacement cost) & downside protection
Use of superior pricing insights, market inefficiencies & arbitrage opportunities
Execution of transformational business plans (alpha) with trusted asset management platform
Preparation of asset for longer-term capital value appreciation & exit optionality
> Creation of asymmetric risk-return profiles
At present, Bergson pursues the following distinct strategies on behalf
of different institutional and professional private investors:
Traditional assets in gentrifying markets & alternative asset types
Roll-up of individual assets & execution of value-add business plan
Institutionalization of investment product through size & branding
Idiosyncratic, asset class-agnostic opportunities across the capital structure
Resolution of complexity caused by opaqueness, distress or liquidity issues
Creation of institutional assets, structures & situations