Investment criteria

What we look for, side by side.

The published criteria for all six pillars on one page, and a quick way to check an opportunity against them before you submit it.

Submit an opportunity Criteria in full

01At a glance

Six pillars, one view.

Size, geography and structure for each pillar. Every figure is the one published on that pillar’s page.

Investment criteria by pillar: size, geography and structure
Pillar	Size	Geography	Structure
01Real Estate	Transaction size$20M–$150MGross asset value	Primary and secondary US marketsFocus on the Sun Belt, Mountain West, and Southeast	All-cash or joint ventureJoint ventures typically 90/10 with an operating partner
02Private Credit	Loan size$5M–$50MHeld on our balance sheet	United StatesMajor metros and business-friendly states	PositionFirst-lien, senior securedMezzanine only selectively, with strong control rights
03Private Equity	EBITDA$2M–$15MPositive cash flow required	North AmericaUnited States and Canada	Control or significant minorityMinority positions with board representation
04Digital Assets	Market cap$500M+ for liquid tokens$10M+ valuation for early-stage rounds	Not specified	Spot, SAFTs, or token warrantsSAFT: simple agreement for future tokens
05Art & Collectibles	Value$250K–$10M+Per work or item	Not specified	TransactionPrivate treatyAlso auction guarantees and estate liquidations
06Venture Capital	Capital + studioThrough Caldrion Ventures	Detailed criteria, the studio process and our portfolio are on ventures.caldrion.com.

Check fit

Does it fit? Check first.

Choose an asset class and enter the figures you have. We compare them with our published ranges and tell you which, if any, fall outside.

Asset class

Transaction size (optional)

Gross asset value, e.g. $45M. Published: $20M–$150M.

Equity check (optional)

Equity required from us, e.g. 15m. Published: $10M–$75M.

Multifamily: number of units (optional)

Multifamily only. Published: 100+ units.

Multifamily: year built (optional)

Multifamily only, e.g. 1998. Published: 1985–2015.

Industrial: building size in sq ft (optional)

Industrial only, e.g. 85,000 or 85k. Published: 20K–200K sq ft.

Results appear here.

Indicative only: this compares figures with our published ranges. It is not a decision; every submission is reviewed by our team.

02In full

Every criterion, pillar by pillar.

We aim to give initial feedback within 72 hours of receiving a complete package.

01Income · Inflation protection

Real Estate

Brokers are protected on off-market transactions.

Transaction size: $20M–$150MGross asset value
Equity check: $10M–$75MPer transaction
Geography: Primary and secondary US marketsFocus on the Sun Belt, Mountain West, and Southeast
Multifamily: 100+ unitsGarden-style and mid-rise communities built 1985–2015
Industrial: 20K–200K sq ftMulti-tenant light industrial and shallow-bay warehouses
Specialty: High-barrier niche assetsData centers, cold storage, and medical office buildings
Business plan: Value-add or core-plusRenovation or lease-up, or stable assets with upside
Target returns: 15%+ net IRR1.8x+ equity multiple
Structure: All-cash or joint ventureJoint ventures typically 90/10 with an operating partner

Submit an opportunity Real Estate page

02Yield · Senior security

Private Credit

Brokers are protected.

Loan size: $5M–$50MHeld on our balance sheet
Position: First-lien, senior securedMezzanine only selectively, with strong control rights
Geography: United StatesMajor metros and business-friendly states
Collateral: Real and financial assetsCommercial real estate, industrial equipment, corporate receivables, fund NAVs, and other financial assets
Leverage: Up to 75% loan-to-costUp to 65% loan-to-value
Term: 12–36 monthsWith extension options
Pricing: SOFR + 600–900 bpsOr fixed-rate equivalent
Origination fee: 1–2%
Loan types: Bridge, construction, ABL, and NAVAlso lender finance and royalty monetization

Submit an opportunity Private Credit page

03Growth · Active governance

Private Equity

Brokers are protected.

Revenue: $10M–$100M
EBITDA: $2M–$15MPositive cash flow required
Margins: >25% gross margin>10% EBITDA margin
Geography: North AmericaUnited States and Canada
Structure: Control or significant minorityMinority positions with board representation
Transactions: Successions, MBOs, and carve-outsFamily successions, management buyouts, corporate carve-outs, and recapitalizations

Submit an opportunity Private Equity page

04Asymmetric upside

Digital Assets

Liquid tokens and early-stage protocol rounds.

Market cap: $500M+ for liquid tokens$10M+ valuation for early-stage rounds
Liquidity: High daily volumeOn top-tier exchanges
Sectors: Infrastructure, DeFi, and scalingLayer 1 and Layer 2 networks; consumer and gaming applications
Tokenomics: Transparent, sustainable supply schedulesClear value accrual to token holders
Governance: Active developer communityAudited, open-source code
Structure: Spot, SAFTs, or token warrantsSAFT: simple agreement for future tokens

Submit an opportunity Digital Assets page

05Cultural capital · Store of value

Art & Collectibles

Secondary-market acquisitions. Advisors and gallerists are protected.

Value: $250K–$10M+Per work or item
Provenance: Unbroken chain of titleFully documented, including literature and exhibition history
Condition: Museum qualityCondition report required for every acquisition
Market: Liquid secondary marketArtist or maker with established auction records
Authenticity: Certificate of authenticityMandatory, from a recognized foundation or expert
Transaction: Private treatyAlso auction guarantees and estate liquidations

Our emerging-artist patronage acquires directly from primary galleries and degree shows and is not subject to these thresholds.

Submit an opportunity Art & Collectibles page

06Founders · Company creation

Venture Capital

Investing in founder-led companies and building our own, through Caldrion Ventures.

Detailed criteria, the studio process and our portfolio are on ventures.caldrion.com.

Apply on Caldrion Ventures Or use our inquiry form

Unfamiliar with a term? Our glossary defines the specialist terms in these criteria.

Investment criteria

Have an opportunity that fits?

Share a link to non-confidential materials (teaser, deck or data room); we sign NDAs promptly when there is mutual interest. We aim to give initial feedback within 72 hours of receiving a complete package.

Submit an opportunity All six pillars