Led by a team with decades of success in credit and real estate special situations
Elad Shraga is a Founding Partner of Signal Capital Partners Limited and is the firm’s Chief Investment Officer. Prior to founding the firm, Elad was Global Head of Structured Finance at Deutsche Bank from 2009 to 2015. Under his leadership, DB’s Structured Finance group became the street’s most profitable structured business and was the largest contributor to DB’s Investment Bank profitability during the years 2012-2015 As a global business head, his responsibilities spanned the US, Europe and Asia, with a focus on activities such as Commercial Real Estate, ABS, Illiquid Credit, Special Situations and Principal Distressed. In addition, from 2012 until his 2015 departure, Elad was Co-Chairman of Deutsche Bank’s Market Risk Committee, the bank’s most senior market risk body, responsible for risk oversight across all financial markets and jurisdictions.
Prior to that role, Elad held other positions at Deutsche Bank including Head of Credit Solutions Group (2007 to 2009), Head of North America Principle Finance (2003 to 2007), and Head Proprietary Trader in the Bank’s Tel Aviv office (2000 to 2003).
Elad has a B.Sc. in Statistics from the University of Toronto, Canada.
Gad Caspy is a Founding Partner of Signal Capital Partners Limited and is the Portfolio Manager of Signal Real Estate Opportunities Fund LP. Prior to founding the Firm Gad was Head of European Commercial Real Estate for Deutsche Bank in London from 2011 to 2015 where he managed a team of 30 professionals. In addition to that role, he held other positions at Deutsche Bank including Head of US Illiquid Trading, Structured Credit Products in New York. Gad Joined Deutsche Bank in 2002 out of graduate school.
Gad graduated from Harvard Business School and Tel Aviv University Berglas School of Economics and Recanati School of Management.
Amit Jain is a Founding Partner of Signal Capital Partners and the Portfolio Manager of Signal Credit Opportunities Fund LP. Prior to Signal Capital Partners, Amit was employed by Deutsche Bank from 2002-2015 in a range of roles. Most recently, Amit was Global Head of Structured Credit Trading, a business comprising Deutsche Bank’s principal risk activities in Corporate/FIG Special Situations and Illiquid Asset Trading. Before this role, he held positions at Deutsche Bank in its Global Credit Trading division, including running the Emerging Markets credit special situations books and working as a credit derivatives trader.
Prior to Deutsche Bank, Amit was employed by Lazard Freres & Co. in its M&A advisory business.
Amit graduated from the University of California, Berkeley with a degree in Computer Science.
Colman McCarthy is a Partner of Signal Capital. At Signal, he is responsible for origination and management of investments in the key target markets. Prior to joining Signal he spent 4 years as a Managing Director at Kennedy Wilson Europe, one of the most active direct real estate and NPL investors in the UK & Ireland. Colman was responsible for the origination, execution and ongoing management of over €2.5bn of investments over this period.
Before joining Kennedy Wilson, Colman was Head of Non-core Real Estate at Bank of Ireland in the UK with responsibility for managing the workout of the bank's UK loan book and prior to this was at Barclays Capital where he was responsible for origination and execution of pan-European real estate debt transactions; investment, development, senior and mezzanine.
Colman holds a postgraduate degree in Management from Oxford University and an undergraduate degree in Business & Economics from Trinity College, Dublin.
Fredrik Metze is a partner of Signal Capital. Prior to joining Signal, Fredrik spent 8.5 years with Fortress Investment Group in Frankfurt, New York and London. As a Managing Director of the Credit Funds, he was responsible for Fortress’s distressed credit investing business in Europe. Before joining Fortress he served as Vice President in the Financial Restructuring Group of Houlihan Lokey in the firm’s London and Frankfurt offices where he advised companies, creditors and equity investors involved in out-of-court restructuring and recapitalization transactions, insolvency proceedings, financings and divestitures and acquisition.
Fredrik started his career with Arthur Andersen in Germany where he was a member of the assurance and business advisory practices, as well as corporate finance.
He graduated from the Philipps-University in Marburg, Germany with a degree in business administration and is qualified as a CPA in the State of Illinois.
Hannah Price is the firm’s Chief Operating Officer and General Counsel. Prior to joining Signal in December 2017, Hannah was employed by Cocoon Wealth as head of legal where she was responsible for the structuring and implementation a range of alternative investment products in the renewable energy, media, infrastructure, transport and real estate sectors. Between 2000 and 2010 she was a corporate lawyer at Slaughter and May and then Debevoise & Plimpton focusing on public and private M&A, corporate finance, funds, joint ventures and other general corporate matters.
Hannah graduated from Royal Holloway, University of London and is a qualified solicitor in England and Wales.
Sarbjit Nahal joined Signal in June 2018. Prior to joining Signal in 2018, Sarbjit Nahal was Managing Director and headed the Thematic Investing Strategy team at Bank of America Merrill Lynch. He was one of the most read analysts on “Wall Street”, was consistently top ranked for two decades, and frequently appeared in television and print journalism. He also sat on Merrill Lynch Global Wealth’s Impact Investing Core Council, and the BofAML Diversity & Inclusion Council for EMEA.
Nick joined Signal Capital in March 2020 as a Senior Adviser. Nick has held various senior trading positions at Deutsche Bank in a 16 year career, most recently Global Head of Securitized Trading and Head of European Investment Grade and High Yield trading. Nick has particular experience with trading and managing European Securitizations including RMBS, CLOs & CMBS, which he has done since 2009. Prior to joining Deutsche Bank, Nick qualified as an Chartered Accountant (ACA) with PricewaterhouseCoopers.
Nick holds an M.A in Politics, Philosophy & Economics from Oxford University.
David is a Senior Advisor to Signal Capital and joined in 2019 with more than 15 years of capital commitment and corporate finance experience. David was a founding team member of Metric Capital Partners, a €1.6bn private capital fund advisor, where he was a Partner and responsible for investments in the DACH area. After leaving Metric in 2018, he set up Alvin Partners, an investment firm focused on credit-driven special situation opportunities on behalf of a group of UHNW European family offices. He started his career at Deutsche Bank where was a member of the Corporate Finance and European Leveraged Finance Teams in Frankfurt and London. Between 2006 and 2010 he was an investor at MatlinPatterson, focusing on credit and control opportunities Europe and North America. He has in-depth restructuring experience and has served on management and supervisory boards as investor representative.
David graduated from Stanford University with a degree in Economics.
Zachary leads SLF Capital, a joint venture with Signal focused on litigation finance and legal assets.
Zachary has nearly two decades of experience in international disputes and has been recognized as a Global 100 Leader in Litigation Finance. Prior to setting up SLF Capital with Signal, Zachary was a Senior Investment Officer at Woodsford Litigation Funding in London, where he helped oversee the growth of its US and international disputes portfolio. Zachary was previously a trial litigator at the Los Angeles headquarters of the global disputes firm Quinn Emanuel Urquhart & Sullivan, where he focused on the trial of complex commercial disputes and international matters. He was also an associate at Shearman & Sterling in New York and clerked for the Honorable Shira A. Scheindlin in the Southern District of New York.
Zachary graduated from Yale University and Cornell Law School, and is an attorney admitted in New York and California.
Matt joined Signal Capital in January 2020 and is responsible for deal execution at the firm. Prior to joining Signal Capital, Matt spent over 5 years at Victoria Asset Management, an integrated real estate asset management business of Oaktree Capital Management. As Senior Vice President in VicAsset’s legal team, Matt was responsible for the legal underwriting, structuring and acquisition of distressed loan assets, direct real estate and other opportunistic investments in Europe. Prior to Victoria Asset Management, Matt spent four years at the international law firm, CMS Cameron McKenna Nabarro Olswang LLP where he qualified and specialised in corporate restructurings, insolvency and distressed asset acquisitions.
Matt holds a B.A. (Hons) degree in History from Newcastle University and a First Class Graduate LLB from Nottingham Law School.
Paul comes with over 15 years of fund finance experience across private credit, private equity and infrastructure funds. Prior to joining Signal he spent 5 years at SS&C Technologies Inc. where he was responsible for running the fund accounting team for a large European direct lending asset manager. Before that Paul spent 2 years as a Fund Controller at European Capital and 8 years as a Fund Accountant at Barclays Infrastructure Funds.
Paul is a member of Chartered Accountants Australia & New Zealand (CA ANZ) and graduated from Massey University (New Zealand) with a Bachelor of Business Studies and a Post Graduate Diploma in Professional Accounting.
Gareth Richardson joined Signal in June 2017. Prior to joining Signal Capital he worked at Sabal Financial as Senior Vice President of NPL and distressed real estate acquisitions. From 2012 to 2016 Mr Richardson was as an asset manager at Kennedy Wilson Europe, one of the most active direct real estate and NPL investors in the UK & Ireland, and was involved in the origination, execution and ongoing management of NPL transactions.
Gareth graduated from The University of Glasgow with a Masters in Bioinformatics and a BSc in Pharmacology.
Milan joined Signal Capital in August 2021. Milan previously worked at Alcentra for 8 years in the structured credit investment team. Milan has particular experience in trading and investing in CLO securities across the capital structure as well as CLO warehouse investing. Prior to joining Alcentra Milan was part of the market risk team at Barclays Capital’s CVA desk where he managed FX, interest rates, cross currency, and commodities across a complex derivatives book.
Milan holds an MSc in Mathematics and Finance from Imperial College London and a BSc in Mathematics and Economics from the LSE.
Carlos Aguayo is responsible for Signal Real Estate business in the Iberian Peninsula and joined in July 2021. Before joining Signal, Carlos worked for Mabel Capital, a Spanish private capital investment firm, where he led the Real Estate Division, being responsible of investments and asset management, focusing on opportunistic/value added class assets. Prior to that, Carlos worked in PWC in the Corporate Finance Real Estate team, providing M&A and transactions services. Before that he also worked for real estate consultancy firms such as Colliers, Catella or CBRE, where he gained deep experience in real estate investment and valuations, specifically in hotels and retail.
Carlos is a Member of the Royal Institution of Chartered Surveyors (MRICS). He holds a Business Administration degree by Universidad Complutense of Madrid and the Program in Management of Real Estate Companies from the Insituto de Empresa (IE).
George joined Signal Capital in May 2021 as a Director, and is responsible for execution of all transactions at the firm (other than real estate). George started his career as a lawyer at Slaughter and May for 7 years (including a secondment to the bank resolution directorate at the Bank of England), before working at Milbank LLP and Macfarlanes LLP. At those law firms George was focused on finance and corporate transactions, and has significant experience on leveraged and acquisition financings, restructurings, special situations, corporate lending, structured financings, securitisations and joint ventures.
George holds a first class M.A. (Hons) degree in History from the University of Edinburgh and is a qualified solicitor in England and Wales.
Prior to joining Signal in September 2019, Kautilya headed European Big Data Analytics efforts at Bank of America Merrill Lynch. His Quantitative Strategy team used machine learning and artificial intelligence to gain insights from proprietary and public data to provide unique, actionable investment ideas, and new ways of answering fundamental questions across sectors, regions and asset classes. His work was amongst the most widely read at BofAML and he was regarded as one of the top Big Data analysts in Europe. Kautilya holds a Masters in Finance (London Business School), a Masters of Technology in Computer Science (IIT Bombay) and a Bachelor degree of Technology in Computer Science (IIT Bombay). Kautilya is also a CFA charterholder.
Fran Andrews is the firm’s Operations Manager. Prior to this she was the firm’s PA and Office Manager. She works closely with the Operations and deal teams on all aspects compliance, reporting and finance. Prior to Signal Fran worked in the classical music industry as an Artist Manager representing some of the world's most prestigious choral groups and a Project Manager running concert series at venues such as Cadogan Hall, St John's Smith Square and Temple Church.
Fran graduated from the University of Newcastle with a BA in Music and Economics
Stephen joined Signal Capital in January 2022 and is responsible for deal structuring and execution. Prior to joining the firm, Stephen spent more than 3 years as an associate in the Restructuring and Special Situations team in Latham & Watkins LLP’s London office, where he specialised in complex multi-jurisdictional restructurings involving multiple stakeholder groups across the capital structure. Previously, Stephen was an associate in the restructuring teams of Sidley Austin LLP and Willkie Farr & Gallagher LLP.
Stephen graduated from Trinity College Dublin with a B.A. (Hons) degree in history in 2012 and qualified as a solicitor (England and Wales) in 2016.
Lorenz joined Signal in April 2020. Prior to Signal Capital Lorenz spent two years in the special situations group at BlueMountain Capital Management. Before that he spent 4 years at the proprietary distressed trading desk at Goldman Sachs in London.
Lorenz started his career in investment banking at Moelis & Co.
Hugo Pattar joined Signal in July 2018. Prior to Signal, Hugo spent 3.5 years in the Investment and Asset Management team at FTSE 250 listed propco Capital and Counties. This comprised management of various asset classes within central London totalling c.£280m. Roles included portfolio management, business reporting, disposals and acquisitions.
Hugo is a Member of the Royal Institution of Chartered Surveyors (MRICS). Hugo graduated with a BA in International Relations from the University of Birmingham and holds a MSc in Real Estate from the University of Reading.
Liudmila Kuzmina is a Manager in Luxembourg office of Signal Capital Partners Limited. Prior to joining Signal in August 2018, she worked as an Audit Manager in Deloitte Luxembourg specializing in Private equity and Real Estate. Liudmila has over 7 years of experience in external audit in Russia and Europe.
Liudmila graduated from Finance Academy under the Government of the Russian Federation in Moscow with diploma in Accounting, Auditing and Financial analysis.
She is a qualified member of Association of Chartered Certified Accountants (ACCA, UK).
Eva joined Signal Capital in August 2021 as a Legal Manager in the Luxembourg office.
She is a qualified lawyer from Hungary and has been working in Luxembourg since 2011. Before joining Signal Capital Eva spent 8 years at The Carlyle Group, most recently as Senior Corporate Officer, managing various structures of Luxembourg companies and working on numerous private equity transactions.
Parm joined Signal in June 2021 from Lodbrok Capital with close to a decade of experience on the buy side. Parm spent three years at Lodbrok as an operations manager, and before that he worked as the primary TA of Decca Capital. Prior to Decca Parm was the portfolio operations specialist at Varde Partners for the European Distressed Credit team for over three years.
Parm graduated with a MSc in Financial Computing from University College London.
Prior to joining Signal in December 2020, Henry spent 4 years in the Capital Advisors department at global real estate consultancy CBRE. During his time there, he rotated between the Loan Recovery and Corporate Finance teams, before becoming a Member of the Royal Institution of Chartered Surveyors (MRICS).
During his last two years at CBRE, Henry worked in the Investment Advisory department, where he was responsible for underwriting and structuring development loans into UK real estate projects on behalf of a range of public and private sector clients, as well as ground rent acquisitions on behalf of a UK Institution.
Henry graduated with a BSc in Investment and Finance in Property from the University of Reading in 2016.
Daisy Little is responsible for deal execution at the firm and joined in October 2020. Prior to joining Signal, Daisy worked for Allen & Overy LLP from 2015 to 2020 where she gained experience in various forms of debt finance acting for both lenders and borrowers. She has a primary focus on real estate finance, working on both investment and development structured real estate finance deals.
Daisy is a qualified solicitor with an LLB from Exeter University.
Joanne joined Signal in March 2021, prior to which she worked in the European advisory team at The Townsend Group for 3.5 years where responsibilities included advising institutional investors on direct and indirect real estate investments, underwriting new fund investments with a focus on pan-European debt strategies, monitoring existing investments, client education and leading the European ESG efforts.
Joanne is a CFA charterholder and holds a BSc (hons) in Geography with Economics from The London School of Economics.
Sarah Jefferies is the firm’s Operations Assistant. Prior to joining Signal in October 2021, Sarah spent 7 years as an EA to the CTO and the IT Coordinator at the global executive search company, Odgers Berndtson. At Signal, Sarah works closely with the Operations Manager on all aspects of IT, Finance and Compliance.