Fund of Funds

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CB Institutionnel

CB Institutionnel was established in Geneva, Switzerland, focusing exclusively on fund-of-funds mandates within private credit.

CB Institutionnel

CB Institutionnel was established in Geneva, Switzerland, focusing exclusively on fund-of-funds mandates within private credit. Rather than originating loans directly, the firm selects and monitors specialist direct lending managers, constructing portfolios designed to deliver diversified exposure to senior secured, unitranche, and mezzanine credit strategies across Europe and North America. This structure allows institutional investors to access granular middle-market lending without building internal origination and underwriting teams. The firm's strategy concentrates on direct lending as a distinct asset class. Underlying managers typically target senior and subordinated loans to sponsor-backed and non-sponsored middle-market companies. By blending managers with differing geographic focuses — including Continental Europe, the UK, and the United States — CB Institutionnel seeks to mitigate idiosyncratic manager risk and smooth vintage-year concentration effects. The firm evaluates managers on origination capability, workout experience, and alignment of terms with limited partners. CB Institutionnel's operational scale and team size are not publicly disclosed. The firm maintains a lean Geneva-based structure typical of boutique Swiss asset managers serving institutional and family-office capital. Adjacent vehicles or philanthropic structures have not been reported. The firm's narrow, credit-only mandate differentiates it from larger multi-asset fund-of-funds platforms, positioning it alongside European peers that specialize exclusively in alternative credit manager selection. A structural differentiator for CB Institutionnel is its refusal to dilute its mandate into equity, real assets, or hedge fund strategies — a discipline that matters in a market where many fund-of-funds managers stretch into adjacent asset classes. This purity of focus may appeal to allocators who prefer to construct their own cross-asset exposures and seek a dedicated credit sleeve rather than a bundled solution.

General information

Firm type

Generic

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Switzerland

City

Geneva

Corporate office

Geneva, Switzerland

Sector focus

Private CreditDirect Lending

Frequently asked questions

How does CB Institutionnel construct its portfolios?

CB Institutionnel operates as a manager-of-managers within private credit, selecting and blending underlying direct lending managers rather than originating loans itself. The firm targets managers active in senior secured, unitranche, and mezzanine lending to middle-market companies across Europe and North America. Portfolio construction emphasizes diversification across managers, vintages, and geographies.

What distinguishes CB Institutionnel from generalist fund-of-funds managers?

The firm maintains an exclusive focus on direct lending and private credit strategies, avoiding the multi-asset approach common among larger fund-of-funds platforms. This concentrated mandate means CB Institutionnel does not allocate to private equity, real estate, infrastructure, or hedge funds. Institutional allocators seeking a dedicated credit-sleeve manager may find this purity of focus valuable for their own portfolio construction.

What types of underlying credit strategies does the firm access?

CB Institutionnel's underlying managers typically pursue middle-market direct lending strategies including senior secured loans, unitranche facilities, and subordinated or mezzanine debt. The emphasis is on sponsor-backed and, in some cases, non-sponsored corporate borrowers. The firm evaluates managers based on their origination networks, underwriting discipline, and track record through credit cycles.

Does CB Institutionnel invest in funds or co-investment vehicles?

Public information on CB Institutionnel's precise investment structures is limited. As a fund-of-funds manager, the core activity involves commitments to commingled funds managed by underlying direct lending specialists. Whether the firm also participates in co-investment vehicles or separately managed accounts alongside those managers has not been publicly detailed.

What is CB Institutionnel's geographic mandate?

The firm builds exposure across both European and North American middle-market direct lending. Within Europe, underlying managers may cover Continental Europe and the United Kingdom. The dual-region approach provides diversification across different credit cycles, legal frameworks, and sponsor ecosystems.

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