Independent real estate capital platform focused on the Italian mid-market.
The opportunity lies in structuring the capital, not only in finding it.
BLCP structures capital solutions for Italian real estate and, on selected transactions, invests alongside sponsors and investors. We operate as a capital partner — from first analysis to closing and through the life of the investment.
Capital. Structure. Execution.
Not a broker. Not a fundraising intermediary. A partner that designs the capital structure a transaction needs to be executed.
Analysis of the transaction and design of the capital structure best suited to the business plan.
Access to banks, private debt funds, family offices and investors across debt and equity structures.
On selected transactions, BLCP invests directly alongside investors and the developer.
We do not simply source capital. We help structure transactions designed to finance and execute.
Select a layer to view its role, seniority, risk profile, typical use and BLCP involvement.
Proprietary deal flow from developers, owners and local relationships.
Review of sponsor, asset, permitting, business plan and downside.
Design of the debt and equity structure consistent with the business plan.
Selection of the appropriate lenders, investors and co-investors.
Term sheet negotiation, documentation and closing.
Oversight of performance, reporting and governance through exit.
We work alongside developers throughout the transaction lifecycle.
Global capital. Local execution. One relationship.
No return is promised. Every transaction is underwritten on its own merits.
Where appropriate, we invest alongside our investors.
When BLCP co-invests, its capital sits in the same structure as its investors.
Defined governance rights, reporting and intervention mechanisms agreed upfront.
Clear information on structure, fees, risks and performance throughout.
BLCP does not co-invest in every transaction. Co-investment is selective and decided case by case.
Relationships with banks, private credit, family offices and investors.
Capital structures designed around the business plan.
Direct access to Italian developers and opportunities.
Partners lead every transaction directly.
Selective capital alongside sponsors and investors.
Oversight from term sheet to closing and beyond.
Investor mindset. Structuring capability. Local execution.
The first club deal in which BLCP co-invested.
Conversion of an office building of approximately 10,000 sqm into a residential complex, developed by Gibeon Partners. BLCP promoted the club deal and co-invested through BLCP SPV (BLCP1 S.r.l.), which holds an interest in Gibeon RE2 S.r.l., the project company. BLCP is investment and asset manager of the vehicle.
Prior roles and transactions of the partners were undertaken before and outside BLCP and are not attributable to BLCP.
Real estate and real estate finance. Former Head of Real Estate at Azimut / Mamacrowd and Real Estate Director Italy at Housers. Lecturer in finance at the University of Bologna and Istao.
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Chairman of Confimprese. Former Chairman and CEO of McDonald's Italy, board member of Eni and of numerous companies.
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Over 35 years across management, advisory and university teaching. Specialised in special situations and debt restructuring.
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Entrepreneur and manager with over twenty years of experience across diversified sectors, from industry to real estate.
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Founder and partner of Harcos Capital Partners, an independent holding specialised in club deals and the development of Italian SMEs.
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Over twenty years of experience in office and operations management roles within international organisations.
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The Italian real estate mid-market offers compelling opportunities, but accessing them requires local knowledge, sophisticated structuring, capital relationships and disciplined execution.
Blue Lake Capital Partners was created to operate at precisely this intersection.
Let's discuss the next opportunity.
“They are not simply intermediaries. They can help structure the capital behind the transaction.”