Deep Green Capital is mandated by a Monaco-based, global equity-only family office to identify and structure 10 to 40-year investment-grade opportunities.
Since 1994, the Monaco Fund has been establishing and leading global pension fund syndicates (MGPS) by committing its own capital as a cornerstone investor and syndicating co-investments from major North American, Scandinavian, German, United Kingdom, and Australian pension institutions for projects and assets that meet strict investment criteria.
Each MGPS is a newly formed, project-specific equity syndicate. The Monaco Fund is the lead manager, cornerstone, and co-investor in every transaction, contributing 5 to 10 percent of the total project funding from its own capital, and leading the structuring and syndication process through to financial close.
Each project-specific investment syndicate is funded on a 100% equity basis, with transaction sizes typically ranging from USD 100 million to USD 3 billion per project.
Long-term Triple Net Leases are used to secure the 100 percent funding of major infrastructure and other assets, which are leased to investment-grade sovereigns and corporations.
The MGPS funds the entire construction cost upfront under fixed-price, date-certain EPC contracts. Construction risk is mitigated through performance guarantees, completion bonds, and liquidated damages, ensuring delivery certainty.
The project is funded entirely by long-term equity, not debt. The Sponsor contributes nil upfront capital and retains full operational control before and after completion.
Following completion, the asset is leased under a 10–40-year Triple Net Lease (NNN), or equivalent structure. Payments are fixed and inflation-linked, providing date-certain, sum-certain cashflows.
The MGPS remains the sole equity investor for the full term. There is no refinancing risk, no bullet repayments, and no exit or change of control during the lease.
Monaco enables governments and corporations to monetize existing assets by acquiring them for full market value and leasing them back under a 10–40-year Triple Net Lease (NNN) — freeing capital for reinvestment without loss of operational control.
The Monaco Global Pension Syndicate (MGPS) acquires the existing asset outright using long-term institutional equity, with no debt, no refinancing, and no leverage involved.
The owner receives a full cash payment at settlement, monetizing the asset without issuing debt or reducing services. Proceeds can be redirected to new infrastructure, debt reduction, or fiscal consolidation.
Contemporaneously, the owner (or a nominated entity) leases back the asset and makes fixed, inflation-indexed payments over the lease term to the MGPS.
The owner retains full operational control, usage rights, and service-delivery responsibilities. Monaco assumes no management role or control rights over the asset.
The MGPS remains the sole equity investor throughout the lease term. There is no refinancing risk, no revaluation triggers, and no third-party transfer.
Structures can include a reversionary interest or nominal buyback option at lease expiry, allowing the asset to return to the owner's ownership.
During COVID, our Monaco Fund cornerstoned and raised US$1.4 billion in equity funding (plus US$65 million in costs) for a major methanol facility in Sarawak, underpinned by 23-year feedstock and offtake agreements with Petronas. Undertaken during a period of elevated investor caution towards Malaysia post-1MDB, the MGPS overcame material risk sensitivities among global pension partners, including those related to Sarawak. The transaction received full institutional backing following an exhaustive and independent due diligence process by UBS New York, including a comprehensive global compliance review of our Monaco fund.
Our Monaco Fund cornerstoned and raised €1.1 billion in institutional equity for the acquisition of 23 large hotels across the UK, Italy and Spain, including renovation costs. Capital was committed by a major public pension fund and a leading banking group.
Below is the general structure of the MOU, together with indicative timing and key milestones. This is provided for indication only and reflects the standard approach typically adopted.
Typically 4 months (extendable by agreement). The Sponsor grants exclusive rights to conduct due diligence and structure the transaction, during which all parallel discussions with third parties are suspended.
A non-refundable upfront payment covering the initial legal, tax, and technical review (the "fatal flaw analysis"). Payable upon execution of the MOU and submission of key documents.
If the deal proceeds, fees are refunded or rolled into closing costs (up to 0.3% of transaction value). If the Sponsor withdraws, the initial fee is typically forfeited.
Both parties commit to negotiating exclusively and in good faith, with the objective of reaching a binding term sheet and closing the transaction.
Mutual confidentiality applies to all discussions, documents and shared materials. English law governs the MOU and final transaction documentation.
A Fatal Flaw Analysis is a pre-underwriting review to confirm structural alignment with the Monaco equity-lease model. Where the Sponsor is an investment-grade sovereign, its credit and institutional integrity require no verification; the analysis focuses solely on confirming that the legal and technical elements support execution under the model.