Private Debt
Private credit facilities secured by prime physical assets. Offers senior-secured downside protection with predictable contractual yield, prioritizing capital preservation.
Investment Sponsor | UAE
Grow & Protect
Capital Backed by Prime Real Assets
LEGGIERO Capital LLC is an Investment Sponsor specializing in single-asset real estate transactions in the United Arab Emirates. Founded by veteran real estate entrepreneur Salvatore Leggiero and his team, we provide International Family Offices and professional allocators with institutional access to the market via Luxembourg-regulated Securitized Notes (Bonds) and Private Debt instruments. Engineered to maximize performance, protect capital, and ensure growth at the same time, our co-investment structures guarantee direct execution and complete alignment of interests: no blind pools, only known and tangible assets.
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Single-Asset Clarity — No blind-pool risk. Underwrite specific, identified properties.
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Collateral Protection — Asset-backed structures with capped ~65% aggregate LTV.
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Principal Alignment — Sponsor capital is locked in junior position alongside yours.
The Alignment Advantage
Sponsor vs. Asset Manager
Traditional fund managers profit from fee-accumulation regardless of performance. We operate as an Investment Sponsor — meaning our capital co-invests and we are paid strictly on realization.
Traditional Asset Manager Conflicts
Charged as fixed expenses on Assets Under Management (AUM), creating misaligned incentives.
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Fixed AUM Fees (1.5% - 2.0%)
Charged annually on total assets. The manager makes money even if the property loses value.
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AUM Accumulation Conflict
Incentive to buy more assets to grow AUM fees, rather than focusing on hyper-selective deal quality.
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No Principal Protection ("Skin in the Game")
Managers rarely invest substantial personal capital. Investors bear 100% of downside risks.
LEGGIERO Capital Sponsor Aligned
Compensation is strictly residual and subordinated to investor capital, prioritizing investor principal safety.
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Zero Holding Period Fee-Drag
No management fees are charged at the operating level during the hold. Capital is put to direct work.
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Residual-Only Performance Compensation
Sponsor profit-carry triggers ONLY after investors receive their full principal and fixed coupons.
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First-Loss Sponsor Co-Investment
Our own capital sits in the junior equity layer, absorbing the first dollar of loss as a protective buffer.
Tailored Allocation
Structured Debt & Equity Strategies
Global geopolitical volatility creates an exceptional entry window for disciplined capital. We view this 'flight to quality' not as a risk, but as a strategic opportunity to secure prime UAE real assets on highly favorable terms. By capitalizing on distressed special situations and enhanced negotiating leverage with tier-1 developers, we turn macroeconomic uncertainty into asymmetric upside.
Quasi-Equity
A structured hybrid allocation combining defensive contractual coupon payouts with aligned performance profit carry. Captures execution upside upon asset realization while maintaining first-loss protection layers.
Equity/JV
Opportunistic co-investments in trophy assets in prime location and bulk-to-retail value-add turnarounds. Taking a Pref Eq position, targets maximum absolute capital appreciation via active asset repositioning and direct internal audit control.
Institutional Structuring
Luxembourg Securitization Pathway
Designed for Family Offices and Private Banks. Our structures bypass hosted GP cost drag by issuing bankable, regulated clearing instruments backing specific physical SPVs.
Luxembourg Compartment
Capital-Hill Securities S.à r.l. (Buy-Bricks Compartment) issues tracker certificates. Admitted to Vienna MTF, settled via Euroclear/Bloomberg.
UAE SPV (ADGM / Corporate)
100% owned by the Luxembourg compartment. Segregated corporate structure holding direct real asset title and receivables.
Underlying Real Estate
Specific, tangible prime asset (e.g., Beachfront Tower JBR). Recourse is strictly ring-fenced to this asset, excluding cross-liability.
Orphan Structure remote from Salvatore's Personal Risk
Equity of the Luxembourg vehicle is held by a Dutch Stichting foundation. This guarantees full bankruptcy remoteness from the Sponsor's personal status.
Compartment Segregation (100% Ring-Fenced Assets)
Each real estate project is housed in a separate, segregated compartment. Losses or liability in one project cannot affect other compartments' assets.
Bank-Distributable Security (ISIN)
Securitized notes possess ISIN codes (e.g., DE000A4D6FM8). Professional allocators trade them seamlessly via Euroclear and monitor on Bloomberg terminals.
Proven Performance
Track Record & Case Studies
Global geopolitical volatility creates an exceptional entry window. We view this 'flight to quality' as a strategic opportunity to secure prime UAE real assets on highly favorable terms, translating macroeconomic uncertainty into asymmetric upside.
Dubai Projects Register
Stella Maris
Dubai Marina Waterfront
ELEGANCE Tower
Jumeirah Village Circle (JVC)
Sensoria JBR
Jumeirah Beach Residence
VIDA Marina
Dubai Marina
The S Tower
Al Sufouh, Dubai
ADDRESS Beachgate
Emaar Beachfront
Anantara 108 & 314
Palm Jumeirah
Developer Lending
Multi-site Dubai
Founder's Vision and Sponsor Philosophy
"Historically, the UAE real estate sector has restricted institutional allocators to direct physical asset acquisitions. LEGGIERO Capital bridges this gap by engineering structured, asset-backed financial products that translate physical real estate into institutional-grade capital market instruments."
Salvatore Leggiero is a veteran entrepreneur with a multi-disciplinary background spanning media, broadcasting, art, luxury assets, and private education. However, over the past two decades, operating across Italy, the United Kingdom, and the United Arab Emirates, his core mandate has consistently been real estate value creation.
Operating alongside his team under an uncompromising "skin in the game" philosophy, Salvatore injects substantial personal equity into the capital stack of every transaction. This first-loss commitment ensures an absolute, mathematical alignment of interest with family offices, private banking desks, and sovereign allocation committees.
Expertise & Governance
Leadership & Structured Advisory Desk
LEGGIERO Capital combines decades of real estate value creation with institutional-grade securitization and governance expertise.
Salvatore Leggiero
Investment Sponsor
Simona Picchioni
Investor Relations
Paolo Braida
Capital Markets & Investor Relations
Alessio Faccia
Independent Fiduciary Trustee
Haitham Soliman
Legal Advisor
Federico Basile
Capital-Hill Securities Manager
Onboarding Formats
Private & Institutional Formats
Choose the investment vehicle architecture that aligns with your institutional regulatory and accounting framework.
Private Club Deal
Direct Promissory Note / Co-Ownership SPV
- ✔ Direct asset-level recourse
- ✔ Quarterly interest/cash distributions
- ✔ 10% - 12% target private debt yield
- ✔ Clear 24-30 month exits
- ✔ Ideal for HNWI & SFO allocators
Securitized Tracker Note
Vienna MTF Listed Compartment Certificate
- ✔ ISIN-coded bankable security (DE000A4D6FM8)
- ✔ Vienna MTF cleared / Bloomberg listed
- ✔ Regulated Luxembourg compartment backing
- ✔ Excluded cross-compartment liability
- ✔ Ideal for Banks, RIAs & MFO capital desks
Common Inquiries
Frequently Asked Questions
Essential structuring, security, and allocation queries answered for family offices and institutional wealth managers.
Unlike traditional fund managers who profit from fee accumulation on Assets Under Management (AUM) regardless of returns, an Investment Sponsor operates on residual-only performance compensation. At LEGGIERO Capital, we charge zero holding period management fees at the operating level and co-invest our own personal capital in a SUBORDINATED, first-loss junior equity position, ensuring complete alignment with our investors.
LEGGIERO Capital utilizes a Luxembourg securitization vehicle where each real estate transaction is housed in a separate, segregated compartment. The equity of the vehicle is held by an independent Dutch Stichting foundation, guaranteeing complete bankruptcy remoteness from the Sponsor's personal status. There is absolutely no cross-liability or risk contagion between different project compartments.
Subscriptions are accepted in USD. For private club deals (direct promissory notes or co-ownership SPVs), tickets typically start at $125,000 USD. For securitized tracker notes listed on the Vienna MTF with clearing via Euroclear/Bloomberg, the minimum subscription tier starts at $250,000 USD, rising to $5,000,000+ USD for institutional compartment tranches.
We target opportunistic co-investments in trophy real estate assets in prime Dubai locations (such as Palm Jumeirah, Jumeirah Beach Residence, and Emaar Beachfront), bulk-to-retail value-add turnarounds, and first-lien developer lending facilities secured by registered mortgages on physical property.
Our private debt credit facilities are secured by first-lien registered mortgages over physical, prime real estate assets. We enforce conservative LTV ratios, capped at a peak of ~65%, ensuring senior-secured downside protection with predictable contractual yields and zero development exposure.
Secure Allocation Desk
Initiate Contact & Onboarding
Qualified Professional Investors only. Select your criteria below to register your allocation interest with our compliance and IR desk.
Investor Profile
Target allocation
Contact Details
