Hospitality & Travel
Experience-led hotels and operating platforms where brand, design and operational excellence create enduring value.
About Limestone
Learn more
Aethos London Shoreditch
Who we are
We buy fragmented assets and turn them into institutional-grade platforms.
Founded in 2018 and Swiss-based, Limestone Capital acquires under-managed, under-capitalised real assets and operating companies in fragmented European markets – across global hospitality, residential and living.
We follow a unique, vertically integrated approach, controlling and optimising the full value-creation process by owning both operating companies and real assets. The two compound: our platforms re-rate the assets we acquire, and each new asset scales the platform.
Assets are acquired and underwritten to be realised as a portfolio, together with the operating company that runs them.
Limestone today
€0bn+
Assets under management
0
Active funds
0
Investment verticals
0
Portfolio companies
0
Real Estate Assets
0+
Employees portfolio-wide
Where we invest
Deploying capital into AI-resilient demand sectors.
We invest in sectors supported by AI-resilient lasting demand, constrained supply and opportunities for hands-on value creation.
Residential Real Estate
Cash-generating residential assets in supply-constrained markets, with embedded rental and operational upside.
Our investment strategies
Investing across the risk spectrum.
Our strategies range from income-oriented investments in established assets to transformation-led and opportunistic situations. Across each strategy, we combine disciplined underwriting with active ownership and clearly defined value-creation levers.
Income-orientedOpportunistic
01
Core+
Income-oriented investments in high-quality, cash-generating assets where disciplined asset management and targeted operational improvements can enhance performance while preserving resilient current income.
Our Core+ strategy invests primarily in residential real estate through Ruby Fund I and selected direct investment vehicles, combining durable income with identifiable performance upside.
02
Value-Add
Investments in under-managed assets and operating businesses where repositioning, capital investment, brand, technology and hands-on execution can unlock meaningful additional value.
Our Value-Add strategy invests in hospitality and travel through Amethyst Funds I–III and selected direct investment vehicles, using repositioning and operations to improve performance.
03
Opportunistic
Investments in complex, dislocated or high-growth situations where flexible capital, active ownership and operational execution can unlock value beyond traditional investment approaches.
Our Opportunistic strategy invests primarily through Topaz Fund I and selected direct investment vehicles in development-led, special-situation and high-growth opportunities across selected markets.
Who we serve
Long-term partnerships built around aligned outcomes.
We work with investors, owners and management teams who value specialist insight, aligned capital and hands-on execution.
01
Institutional investors
We partner with institutional investors seeking differentiated exposure to real assets and operating platforms through funds, co-investments and selected investment opportunities.
02
Family offices & private investors
We provide family offices and eligible private investors access to selected private-market strategies, platform investments and direct co-investment opportunities.
03
Founders, owners & management teams
We partner with founders, property owners and management teams to provide flexible capital, operational expertise and a long-term platform for transformation and growth.
Start a conversation with our team.
Whether you are an investor, asset owner, founder or operating partner, we welcome conversations around opportunities where Limestone’s capital and capabilities can make a difference.