The situation
Uzbekistan's historic-city tourism boom has created a rare cluster of hospitality development opportunities with real scale. Institutional and family-office investors wanted exposure but needed a vehicle that combined GP alignment, disciplined underwriting, and long-duration LP economics.
Our approach
- GP-led co-investment SPV syndicated to family offices
- Cross-border structure designed for LP tax and repatriation needs
- Institutional-grade governance and quarterly LP reporting
- GP capital committed alongside LP capital for alignment
The outcome
- Anchor fund plus syndicated family-office capital closed
- Bespoke SPV with cross-border tax efficiency
- Long-duration LP terms aligned with the underlying hold profile
Note
Illustrative case study. Actual client identities and terms are only shared under NDA.