Palladio Partners

Investment decisions are led by co-founders Christoph Wilhelmy and Boris Radke, who serve jointly as Managing Partners. Both held senior structured-finance and infrastructure roles at Deutsche Bank and Commerzbank before launching the firm. The investment committee is drawn from the partnership, with no external advisory board members holding voting authority on credit approvals.

Palladio originates through developer relationships, municipal tenders, and direct engagement with project sponsors across Germany, the Netherlands, and Scandinavia. The firm's mid-market focus means it competes less with large infrastructure funds and more with regional banks that have reduced long-dated lending capacity. Co-founders Wilhelmy and Radke draw on their institutional networks from Deutsche Bank and Commerzbank tenures to access off-market mandates.

Palladio structures separate accounts and single-investor mandates rather than blind-pool commingled funds. Each institutional investor negotiates its own mandate parameters, including asset-class concentration, geographic scope, seniority preferences, and ESG covenants. The firm acts as investment advisor and loan servicer for each mandate, with no pooled vehicle that commingles capital across limited partners.

Palladio's strategy is focused on private credit — senior secured loans, mezzanine debt, and structured credit instruments tied to real assets. The firm does not publicly hold equity positions in infrastructure or real estate assets. Its capital stack position is lender or bondholder, not sponsor, which differentiates its return profile and risk exposure from equity infrastructure managers.

Palladio concentrates on continental European mid-market assets and has no public record of activity in the UK, Southern Europe outside Italy, or emerging markets. Sector exposures are limited to real assets with contracted or regulated cash flows; the firm does not target corporate private credit, venture lending, or consumer-finance debt.

ESG covenants are negotiated on a per-mandate basis with each institutional investor, rather than applied through a standardized firm-level framework. Given the firm's concentration in renewable energy and social infrastructure, most underlying assets naturally align with Article 8 or Article 9 classifications under the EU Sustainable Finance Disclosure Regulation. The firm's municipal fiber and healthcare-facilities financings carry explicit social-infrastructure tags in client reporting.

Palladio does not publicly syndicate co-investment slots to external LPs, nor does it participate as a co-investor in equity rounds led by other managers. Its credit instruments can be structured alongside other lenders in club-deal formats, particularly on larger project-finance tranches, but the firm acts as a direct lender rather than a fund-of-funds allocator or LP in third-party vehicles.