# SDH Capital

SDH Capital is a Single Family Office based in London, United Kingdom.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** 29, Farm Street, Mayfair, London, W1J 5RL, United Kingdom
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** sdhcapital.co.uk
- **LinkedIn:** https://www.linkedin.com/in/nicholas-portelli-91888a16

## Regulatory record

- **Reports private funds:** No

## About

SDH Capital was established to handle the international interests of db Group, founded by Silvio Debono. Robert Debono serves as Group CEO and sits on all boards alongside his brother Alan Debono. The office deploys capital through direct investments, joint ventures and hotel developments. Asset classes include hotels, restaurants and mixed-use real estate. Confirmed positions include the Hard Rock Hotel in St. Julians, Malta, scheduled to open in 2026, and the Marjan Beach mixed-use development in Ras Al Khaimah. Geographic reach covers Malta, the United Kingdom and the United Arab Emirates. In late 2025 the firm placed an oversubscribed €60 million bond offering. SDH Capital maintains offices in London and Ras Al Khaimah. db Group employs 2,500 people across its operating businesses. Adjacent vehicles include the db Group Charity Foundation. The same late-2025 bond placement provided fresh capital for ongoing hotel and real-estate projects. The firm’s structure ties investment decisions directly to db Group operating management. Robert Debono and Alan Debono hold board seats that link capital allocation to day-to-day hospitality and development execution, creating a closed loop between owner and operator.

## Sectors

- Real Estate
- Hospitality

## Offices

- Ras Al Khaimah, United Arab Emirates

## People

- Nicholas Portelli — Managing Director
- Jonas Vetter — Vice President Investments
- Robert Debono — Director and Group CEO
- Alan Debono — Director
- Silvio Debono — Founder

## Questions

### Who runs investment decisions at SDH Capital?

Nicholas Portelli serves as Managing Director and oversees investment activity from the London office. Jonas Vetter acts as Vice President Investments and focuses on real-estate transactions and development projects.

### How does SDH Capital source proprietary deal flow?

The office identifies opportunities through db Group’s existing hospitality and real-estate network. It also evaluates cross-border joint ventures in the Mediterranean basin and the GCC.

### Does SDH Capital participate in fund commitments or only direct deals?

The firm executes direct investments and joint ventures. No external fund commitments are disclosed in available materials.

### What investment stages does SDH Capital typically target?

The office targets operating assets and development projects in hospitality and real estate. Recent activity includes completed hotel acquisitions and mixed-use developments slated for 2026 openings.

### Does SDH Capital maintain philanthropic structures, and how are they separated?

The db Group Charity Foundation operates alongside the commercial businesses. No further separation details are disclosed.

### What is SDH Capital’s known posture on co-investments alongside external GPs?

The firm forms 50-50 joint ventures with governmental entities and strategic partners such as Hard Rock International. No commitments alongside third-party private-equity sponsors are disclosed.

## Related profiles

- [Scout Global Funds](https://altss.com/profile/scout-global-funds)
- [SeaFort Capital](https://altss.com/profile/seafort-capital)

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Last updated: 2026-08-10T18:03:08.091Z

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