Caius Capital

Founder and Chief Investment Officer Antonio Batista has final authority on all investments. Batista built his career at Silver Point Capital, where he established and led the firm's European operations before leaving in 2013 to launch Caius. Partner Stephen Ziff, also a Silver Point alumnus, is the only other publicly named investment professional and works closely with Batista on portfolio matters.

Caius runs an opportunistic, value-oriented strategy across the capital structure, targeting stressed and distressed situations in Europe. The firm invests in corporate credit, structured products, real estate loan portfolios, and litigation claims. It does not operate with a fixed asset-allocation model; instead, the team follows dislocations across asset classes and jurisdictions, with a track record concentrated in Southern European restructurings.

Caius has repeatedly demonstrated a willingness to pursue litigation and regulatory proceedings to protect creditor rights, a posture rare among European credit managers who typically favor negotiated outcomes. The firm's public disputes include contesting Novo Banco's liability management in court and defending a UK Pensions Regulator enforcement action — both examples of Batista deploying his legal background as an investment tool rather than just a risk-management function.

Caius operates as a direct investor and does not market itself as a fund-of-funds or allocator to external managers. The firm structures its own positions — through bond purchases, loan acquisitions, direct equity stakes, and litigation claims — rather than committing capital to third-party funds. Its investor base is predominantly institutional, including endowments and foundations that have supported Batista since his Silver Point tenure.

In early 2023, the Pensions Regulator sought a contribution notice against Caius and other parties following the insolvency of Servis Terminal, a portfolio company. The case tested the scope of UK moral-hazard powers because Caius was a lender, not a controlling shareholder, when the pension deficit arose. The outcome drew attention from credit funds and restructuring lawyers, as it signaled potential pension-liability risk for lenders in UK distressed situations (per Financial Times, January 2023).