Skip to content

25a Soho Square
London W1D 3QR
United Kingdom
+44 (0)20 3056 9540

Via Joe Colombo 2
20124 Milan
Italy
+39 02 8295 9110

6 St Johns Lane
New York, NY 10013
United States
+1 917 933 3127

42 Rue de la Vallée
L-2661 Luxembourg
Luxembourg
+35 220 880 176

Diversified strategies.

Through dedicated investment strategies, Three Hills is recognised as an established asset management platform giving people and ideas the chance to thrive.

Capital Solutions

With four Capital Solutions funds raised to date, Three Hills has developed a differentiated strategy, offering tailored structured solutions to leading middle-market European entrepreneurs and management teams seeking to maintain control of their businesses, whilst searching for a partner to help them achieving their ambitious growth plans. Through a strategic combination of fixed income components with security protections and minority equity stakes endowed with substantial governance rights, Three Hills actively engages in the evolution of these businesses, facilitating M&A activities, fostering organic growth, and spearheading tailored value creation initiatives.

This approach effectively mitigates downside risk through contractual returns and structural protections, maximising recovery in the event of underperformance, whilst still capturing the upside of the minority equity stakes, ensuring solid returns.

2013

Year established

2.3bn

AuM

€50-150m

Investment range

29

Investments

Impact

Since the Firm’s inception, its 15-year track record has been skewed towards investments with impactful business models, including its first transaction in 2009 in circular economy and followed by several others, aggregating to c. 60% of all capital deployed to date. This proven expertise, coupled with Three Hills’ robust sourcing network and deep relationships with founders and management teams, have given the firm a distinct competitive edge.

Three Hills Impact emerges a natural, complementary extension of Three Hills’ established preferred capital strategy, responding to a compelling market opportunity for the Firm to further engage with and serve the lower mid-market. The strategy’s inaugural vintage (2024), classified as an SFDR Article 9 fund, places equal emphasis on driving financial returns and impact performance through a thoughtful portfolio construction. The fund seeks to invest in companies whose core business models generate meaningful positive social or environmental outcomes. To achieve this, the fund will employ thematic objectives aligned with specific UN Sustainable Development Goals, facilitating a more targeted origination effort. This alignment serves as a guiding principle in evaluating investment opportunities, ensuring a focused approach that enables the assessment and attribution of impact performance to specific outputs.

2024

Year established

Art.9

SFDR

€10-30m

Investment range

1

Investment

Credit Opportunities

Credit Opportunities builds on Three Hills’ flagship strategy, with an emphasis on lending to both sponsor- and entrepreneur-backed businesses. Drawing upon Three Hills’ strong credit underwriting and structuring expertise, this strategy focuses on more classic private credit transactions, where the Firm sees numerous opportunities that deviate from its core investment approach. Focused on opportunities across Europe and North America, the strategy targets opportunistic first lien senior secured and subordinated debt financings to support acquisitions, refinancings and growth investments of (lower) middle market businesses. The strategy also includes the possibility to invest in special situations, including the flexibility to include modest minority equity stakes.

Launched in 2024, the inaugural vintage of Credit Opportunities has garnered support by a select number of institutional investors with a previous commitment to Three Hills’ Capital Solutions and Impact strategies.

2024

Year established

€20-60m

Investment range