Carysfort Capital was founded by Michael Looney in 2014.
From our launch, Carysfort has been very active buying both direct real estate assets and asset backed loans. Through this activity, the team at Carysfort has built up a strong knowledge of investment selection, transaction management and active asset management post acquisition of large and complex investments.
Carysfort started as a small business and has grown quickly. We have a clear idea of what investments will work for us and what don’t. We can give clear direction to sellers, developers, agents and other market participants on what we want to achieve. That allows us to focus our time effectively, as well as that of the market participants we interact with.
A key guiding principle of ours is
"Do what you say you’re going to do".
If we tell a developer we are going to buy their entire scheme for a given price at a given date, we will. If we tell our investors we will generate a stable levered return at a given rate, we will. That simple and consistent principle and the reputation which has been earned on the back of it, has encouraged sellers to sell to us, developers to partner with us and investors to continually re-invest with us.
In 2014/2015, our focus was buying assets or portfolios of assets which were selling at significantly below replacement value, due to complex problems which banks, receivers, borrowers and many other investors could not solve due to financial, timing, experience or other constraints. Common issues involved planning permission, rights of way, title, fire remediation and management. We are still working out some of these positions.
From 2016 our attention turned to larger deals which were being sold by receivers, which had the ability to be significantly improved through much needed refurbishment and active asset management.
From 2017 onwards, our focus has been on creating value through the aggregation of a number of moderate sized residential investments to create an efficient institutional grade residential investment platform.
Key to this is: