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Cheyne Capital
Cheyne Capital was founded in 2000 by Jonathan Lourie and Stuart Fiertz after both left Morgan Stanley. The co-founders built the firm from a convertible bond...
Cheyne Capital
Cheyne Capital was founded in 2000 by Jonathan Lourie and Stuart Fiertz after both left Morgan Stanley. The co-founders built the firm from a convertible bond platform into one of Europe’s established alternative managers. Wealth origin traces to the credit strategies they developed at their prior firm. The firm invests across the capital structure in corporate and real estate assets. Core sleeves include investment-grade and crossover corporate credit, stressed and distressed credit through Cheyne SVC, and real estate finance that spans senior and mezzanine lending. Cheyne Real Estate also runs an impact strategy focused on affordable housing. Confirmed positions include direct real estate assets such as Stornoway House in London and Taxi House. The geographic footprint covers Europe, North America, Asia and the Middle East. The team comprises over 170 professionals. Additional vehicles include the Cheyne Charity. Stuart Fiertz serves as Chair of the Alternative Credit Council and as a Founder and Trustee of the Standards Board for Alternative Investments. No dated operational events from the last 24 months appear in available sources. Cheyne operates as both an alternative asset manager and a multi-family office. This hybrid structure allows it to retain proprietary credit and real estate sourcing capabilities while serving a closed set of institutional and family clients through direct and co-investment vehicles.
General information
Firm type
Multi Family Office
Year founded
2000
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Jonathan Lourie
Founder, Chief Executive Officer and Chief Investment Officer
Stuart Fiertz
Co-Founder, President and Director of Research
Sector focus
Frequently asked questions
Who runs investment decisions at Cheyne Capital?
Jonathan Lourie serves as Founder, CEO and CIO. Stuart Fiertz serves as Co-Founder, President and Director of Research. Ravi Stickney leads Cheyne Real Estate as CIO.
How does Cheyne Capital source proprietary deal flow?
The firm relies on fundamental credit research and long-standing relationships in European corporate and real estate markets. It also maintains a joint venture with Stanhope for London developments.
Does Cheyne Capital participate in fund commitments or only direct deals?
Cheyne runs its own credit and real estate strategies in fund formats while also executing direct co-investments and SPVs, particularly in real estate and special situations.
What investment stages does Cheyne Capital typically target?
The firm focuses on distressed, mezzanine and special situations across credit and equity. It also provides flexible capital solutions to mid-market European companies.
Where does the underlying wealth come from?
Wealth originates from the alternative investment management business built by Jonathan Lourie and Stuart Fiertz since 2000.
Does Cheyne Capital maintain philanthropic structures, and how are they separated?
The firm operates the Cheyne Charity as a separate philanthropic vehicle.
What is Cheyne Capital's known posture on co-investments alongside external GPs?
The firm has accepted co-investment capital from institutions such as the Abu Dhabi Investment Authority into its real estate credit strategies.
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