North Wall Capital provides private capital to non-standard Western European opportunities.
We focus on creating off-the-run, uncorrelated investments in situations where complexity has been misunderstood as risk.
North Wall Capital focuses on creating bespoke financing packages that deliver capital preservation and upside optionality.
We focus on private transactions where we provide substantial input on the structuring of our investments.
While we usually provide capital in credit-like structures, we have the flexibility to adjust our instruments to suit the needs of our partners.
Differentiated and Uncorrelated Deal Flow
North Wall Capital identifies differentiated, uncorrelated deal flow. We seek opportunities in sectors and markets that are overlooked and therefore subject to less competition.
Targeted Market Focus
We are frequently the first institutional investor in a company’s capital structure as we are willing to support a company in its growth.
Alignment of Interest
North Wall Capital’s team is fully aligned with its investors. We expect the businesses in which we invest to share our belief in this core tenet of our investment philosophy and align their return expectations with ours.
Complexity as Opportunity
The unique challenges of the UK and European economies create opportunity. Thanks to North Wall Capital’s experience investing in complex European special situations we are comfortable during times of turmoil.
Founding Partner and
Chief Investment Officer
Founding Partner & Chief Investment Officer
Fabian founded North Wall Capital in 2017 and chairs the firm’s Investment Committee. Prior to this, Fabian was a Partner, Portfolio Manager and member of the Investment Committee at Warwick Capital Partners. At Warwick Capital, Fabian managed credit, special situations, private equity, liquidations and hard asset investments across a broad range of sectors. Previously Fabian worked as a Portfolio Manager at Polygon Investment Partners, focusing on distressed investing and was part of the team that left Polygon to launch Warwick in 2009. Prior to Polygon, Fabian worked at DB Zwirn in London and Frankfurt and was responsible for sourcing and executing transactions in illiquid credit. Fabian started his career in the investment banking divisions of Bear Stearns and Goldman Sachs. Fabian holds a BA in Economics from Columbia University and is a CFA Charterholder.
Founding Partner and
Chief Operating Officer
Founding Partner and Chief Operating Officer
Ian joined North Wall Capital in 2017 as Chief Operating Officer and Founding Partner. Ian has 25 years’ experience in the financial markets in a range of senior operational roles. Most recently, Ian was COO at PAAMCO covering their direct trading business. Prior to this, he was Managing Director of Wells Fargo Global Fund Services responsible for the European region as it was established from the middle office of Black River, through its growth and sale to Wells Fargo. Ian also held management roles within Black River and Cargill Financial Markets in accounting and operations functions. Ian started his career with KPMG.
Ian holds a BA in Accounting and Economics from Lancaster University and is a Chartered Accountant.
Founding Partner and
Founding Partner and Portfolio Manager
Alex joined North Wall Capital in 2017 as Portfolio Manager and Founding Partner. Alex joined from Bain Capital where he focused on the origination, evaluation, structuring, execution and management of private credit investments in Europe. Prior to this, he was an Executive Director in JP Morgan’s Global Special Opportunities Group, a principal investment vehicle of JP Morgan responsible for private equity and credit investments across a broad range of industries and global geographies. Prior to his career as an investment professional, Alex also spent a number of years as a lawyer at both Sullivan & Cromwell and Freshfields Bruckhaus Deringer, specialising in corporate finance and M&A.
Alex holds a B.A. and M.A. from the University of Cambridge and a post-graduate degree from the University of Oxford.
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North Wall Capital LLP. Incorporated in England and Wales, Company Number: OC416870. Authorised and regulated by the UK Financial Conduct Authority. Registered office: 2 St James's Street, London, SW1A 1EF.
Authorised and regulated by the Financial Conduct Authority. FCA Registration Number: 776760.
Your privacy is very important to us. This notice (“Privacy Notice”) is provided by North Wall Capital LLP (“we” or “us”) and sets out our policies with respect to the collection, sharing and use of personal information.
HOW WE COLLECT INFORMATION ABOUT YOU
We may collect personal data about you through:
- information provided directly to us by you, or another person on your behalf, through our website, by email or post, or in person;
- information that we obtain in relation to any transactions between you and us;
- recording and monitoring of telephone conversations and electronic communications with you as described below; or
We may also, in some circumstances, receive personal information about you from third parties, such as service providers or trading counterparties, regulatory or law enforcement agencies, credit reference agencies and agencies conducting background checks. Personal information may also be obtained from publicly accessible sources of information, such as public databases, industry associations, social media and online professional networks.
WHY WE COLLECT INFORMATION ABOUT YOU
We may collect and use your personal information for the purposes of administering the relationship between us, marketing our products and services to you or the businesses with which you are associated, monitoring and analysing our activities, and complying with applicable legal or regulatory requirements.
We will use one of the permitted grounds under the applicable law to process your information. Such grounds include instances where you have given your consent and cases where your consent is not required under applicable law, such as where we are required to comply with a legal obligation, or where we or a third party determine that is necessary for our legitimate interests to collect and use your personal information.
The legitimate interests to collect your personal information may include any of the purposes identified above and any other purpose where we or a third party have determined that you have a reasonable expectation for us or a third party to collect or use your personal information for such purpose. You have the right to object to the use of your personal data for direct marketing purposes.
WHAT ARE THE CONSEQUENCES OF FAILING TO PROVIDE YOUR PERSONAL INFORMATION?
As a regulated financial services firm, we are subject to legal and regulatory obligations that may require us to collect and store your personal information, such as the requirements to comply with the applicable law on prevention of financial crime, tax and regulatory reporting, or the rules on recording and monitoring of communications (as described below).
We may also need to collect and use your personal information for the purposes of entering into or performance of a contractual arrangement between us.
A refusal to provide us with personal information may, depending on the purpose for which your personal information is required, have various consequences such as us being unable to communicate with you, the termination of any service or other contractual arrangement between us, or, where we have a reasonable suspicion of illegal activity, we may be required to make a report to regulatory or enforcement agencies.
THE TYPES OF PERSONAL DATA WE MAY COLLECT AND USE
The categories of personal data we may collect will depend on the nature of our relationship with you and the purpose of which information is being collected. Such personal data may include names, residential addresses or other contact details, signature, nationality, date and place of birth, national insurance or other tax identification number, copies of identification documents, bank account details, information about assets or net worth, or other sensitive information, such as certain special categories of personal data contained in relevant documents or materials.
DO WE USE AUTOMATED DECISION-MAKING PROCESSES?
DO WE SHARE YOUR PERSONAL INFORMATION WITH THIRD PARTIES
We may (to the extent relevant to the purpose for which we collect your information), share your personal data with third parties, such as:
- any person to whom we have a right or obligation to disclose personal data, or where we determine that disclosure is necessary to protect or defend our rights or property, including with regulators, courts of law, governmental, regulatory or law enforcement agencies;
- our internet, IT, telecommunications and other service providers, including legal advisers, accountants, payroll administrators, insurance and employee benefits providers and administrators;
- service providers and trading counterparties to our clients, including placement agents or distributors, brokers, banks, trading venues, clearing houses, custodians, corporate services providers, administrators of our funds, and providers of customer relationship management tools;
- credit reference agencies and other third parties conducting background checks in the context of employment or client, counterparty, or investment due diligence;
- any person, as directed by you; or
TRANSFER OF PERSONAL INFORMATION OF COUNTRIES OUTSIDE OF THE EUROPEAN ECONOMIC AREA
Due to the international nature of our business, your personal data may be transferred to countries outside of the EEA, such as to jurisdictions where we or our clients conduct business or have a service provider, including countries that may not have the same level of data protection as that afforded by the EU General Data Protection Regulation and other data protection rules applicable to us (collectively, “Data Protection Law”). In these circumstances, we take steps to ensure that the recipient agrees to keep your information confidential and that it is held securely in accordance with the requirements of Data Protection Law, such as by requesting appropriate contractual undertakings in our legal agreements with service providers.
FOR HOW LONG DO WE KEEP YOUR PERSONAL INFORMATION?
We will generally keep personal information about you for as long as necessary in relation to the purpose for which it was collected, or for such longer period if required under applicable law or necessary for the purposes of our other legitimate interests.
The applicable retention period will depend on various factors, such as any legal obligation to which we or our service providers are subject as well as on whether you decide to exercise your right to request the deletion of your information from our systems. As a minimum, information about you will be retained for the entire duration of any business relationship we may have with you, and for a minimum period of five years after the termination of any such relationship.
We will, from time to time, review the purpose for which we have collected information about you and decide whether to retain it, update it, or securely delete it, if the information is no longer required.
WHAT ARE YOUR RIGHTS?
You have certain rights under Data Protection Law in respect of the personal data we hold about you and which you may exercise. These rights are:
- to request access to your information;
- to request rectification of inaccurate or incomplete information;
- to request erasure of your information (a “right to be forgotten”);
- to restrict the processing of your information in certain circumstances;
- to object to our use of your information, such as where we have considered such use to be necessary for our legitimate interests (e.g. in the case of direct marketing activities);
- where relevant, to request the portability of your information;
- where you have given consent to the processing of your data, to withdraw your consent; and
- to lodge a complaint with the competent supervisory authority.
HOW TO CONTACT US
If you have any questions about this Privacy Notice or requests with regards to the personal data we hold about you, you may contact our Compliance Officer by email to email@example.com or by writing to 2 St James's Street, London, SW1A 1EF.
COMPLAINING TO THE ICO
You have the right to complain to the Information Commissioner’s Office (ICO). Further information is available from the ICO's website.
RECORDING AND MONITORING OF COMMUNICATIONS
We may record and monitor telephone conversations and electronic communications with you for the purposes of:
- ascertaining the details of instructions given, the terms on which any transaction was executed or any other relevant circumstances;
- ensuring compliance with our regulatory obligations; or
- detecting and preventing the commission of financial crime.
Copies of recordings will be stored for a period of five years, or such other longer period as we may determine from time to time.
COMMITMENT TO THE UK STEWARDSHIP CODE
Under Rule 2.2.3R of the FCA's Conduct of Business Sourcebook, North Wall Capital LLP (the "Firm") is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code is a voluntary code and sets out a number of principles relating to engagement by investors with UK equity issuers. Investors that commit to the Code can either comply with it in full or choose not to comply with aspects of the Code, in which case they are required to explain their non compliance.
The seven principles of the Code are that institutional investors should:
- Publicly disclose their policy on how they will discharge their stewardship responsibilities;
- Have and publicly disclose a robust policy on managing conflicts of interest in relation to stewardship;
- Monitor their investee companies;
- Establish clear guidelines on when and how they will escalate their activities;
- Be willing to act collectively with other investors where appropriate;
- Have a clear policy on voting and disclosure of voting activity; and
- Report periodically on their stewardship and voting activities.
The Firm provides pursues investment strategies that involve creating bespoke financing packages that deliver capital preservation and upside optionality, the Firm also focuses on private transactions where it provides substantial input on the structuring investments. While the Firm generally supports the objectives that underlie the Code, the Firm has chosen not to commit to the Code.
SHAREHOLDER RIGHTS DIRECTIVE II
The Shareholder Rights Directive II (SRD II) is a European Union (EU) directive, and aims to encourage effective stewardship and long term decision making, involving transparency on engagement policies and investment strategies between traded companies and investors. SRD II applies to asset managers including MiFID investment Managers that invest in shares which are traded on a regulated market in the EEA as well as ‘comparable’ markets situated outside of the EEA.
The Firm does not trade regulated equities. As such, an engagement policy is not applicable to the investment strategies currently pursued.