Petiole USA, established in 2010, provides non-discretionary investment supervisory services to its Swiss
affiliate, Petiole Asset Management AG (“PAM”), in its capacity as sub-advisor. Petiole USA offers advisory
services in four disciplines/strategies: private real estate, private equity investments, yielding and distressed
financial institutions.
• Real Assets – The principal investment objective is to deliver attractive risk adjusted returns to investors
through investments in real assets. The strategy is focused on assets with stable cash flow profiles and
generally seeks to provide distributions. The program is opportunistic and seeks to be nimble based
on changing market dynamics. Such opportunities will primarily be sourced through the Investment
Team’s global network of relationships. This network includes alternative real estate investment
managers, infrastructure funds, fund-of-funds, global investment banks, brokers, operating partners
and entrepreneurs. The opportunity set is diverse and can include, but is not limited to, ports, toll
roads, stadiums, parking lots, airports, pipelines, office properties, single and multi-family properties,
industrial parks, and portfolios of the aforementioned categories.
• Private Equity - The investment objective of the Private Equity program is to identify and invest in
attractive risk adjusted private equity investment opportunities. Such opportunities will primarily be
sourced through the Investment Team’s global network of relationships. This network includes
private equity managers, fund-of-funds, global investment banks, regional brokers, and
entrepreneurs. The opportunity set is diverse and can include, but is not limited to, leveraged buyout
transactions, management buyout transactions, infrastructure investments, brown field expansions,
and merger financings.
• Yielding Strategy - The investment objective of the Yielding investment programs is to identify and
invest in attractive risk adjusted opportunities that offer current cash yield. Such opportunities will
primarily be sourced through the Investment Team’s global network of relationships. This network
includes private equity managers, private debt managers, fund-of-funds, global
investment banks,
regional brokers, and entrepreneurs.
• Distressed Financial Institutions - Petiole USA searches for investments that can be bought at a price
that reflects a significant discount to such investments’ fair value. Petiole USA will seek to achieve its
objective by investing primarily in the common equity (both public and non-public) of U.S. and non-
U.S. banks, thrifts, depository institutions, and non-bank financial services companies in bankruptcy
or FDIC receivership.
Background: Petiole USA is part of a group of companies that are ultimately owned by Abdulmohsin Al
Omran, which group includes The Family Office Co. BSC(c) (“TFOCO”) which was established in 2004 and
since then has been acting as an independent investment advisor and asset manager serving the unique
needs of families of significant wealth, high net worth families and institutions in the Arabian Gulf. TFOCO
has significant experience in investing across a range of assets. TFOCO works with ultra-high net worth
individuals and their families as well as institutions to structure and manage investment portfolios that seek
to achieve its clients’ objectives in terms or risk, returns and liquidity.
TFOCO is an asset manager licensed as category 1 investment firm and is regulated by the Central Bank of
Bahrain. Headquartered in Bahrain, TFOCO has affiliate offices in Zurich (PAM), Hong Kong (Petiole
Management (Hong Kong) Limited), Saudi Arabia (The Family Office International Investment Company),
Dubai (The Family Office Co BSC (C) (DIFC Branch)), Cayman Islands (Petiole Manager Ltd. and Petiole
Shari’ah Manager Ltd.) and New York (Petiole USA).
Effective October 1, 2019, PAM, a Zurich based asset manager, assumed the role of the sub-delegated
investment manager to all the funds previously sub-advised by TFOCO. PAM was established to operate as
an independent asset manager of Swiss collective investment schemes that are licensed by the Swiss
Financial Market Supervisory Authority (“FINMA”) according to Article 13(2)(f) of the Collective Investment
Schemes Act (“CISA”).
As of December 31, 2023, Petiole USA had $1,065,727,015 in Regulatory Assets Under Management.