Bond Selection
Bond Selection is the curated presentation of the proprietary private-bond programmes structured within the CGPH Group perimeter, with the two currently active theses identified as such.
Our approach.
Bond Selection presents the proprietary private-bond programmes of the CGPH Group perimeter. Two theses are currently active: the Selected Real Estate Private Debt Bond and the Healthcare Credit EMTN Programme Bond; the Luxury Assets Private Debt Bond and the NPL Real Estate Bond are documented for reference and are not currently open for subscription. Each programme is issued by the identified Luxembourg group securitization vehicle and offered to eligible investors through definitive private-placement documentation. CGPH Banque d’affaires acts as advisor, structurer and selector; investors subscribe under the terms of the applicable programme documentation.
Bond Selection is nested inside Proprietary Private Bonds. Its purpose is to give eligible investors a single reading grid of the currently available theses, so that a selection can be built against a clear allocation logic. Each thesis is described in its own dedicated page, and each page reflects the specifics of the underlying. The currently active theses are real-estate developments and healthcare and public-sector receivables; the luxury-inventory and non-performing real-estate loan theses remain documented for reference and are not currently open for subscription.
The active programmes remain meaningfully distinct: they combine different underlyings, different structural approaches and, where applicable, different documentation frameworks. Their common backbone is issuance through the identified Luxembourg group securitization vehicle and offering under definitive private-placement documentation reserved for eligible investors.
Selection covers the qualification of investor eligibility, the presentation of the currently active programmes, the sharing of the definitive documentation for review, and the accompaniment through subscription and settlement. Where an investor’s mandate calls for a combination of programmes, we support the construction of that combination against the applicable documentation of each programme.
- Eligible institutional and professional investors
- Family offices and single-family investment structures
- Qualified investment vehicles authorised to subscribe to private-placement notes
- Building a private-bond sleeve
Investors constructing a curated private-bond sleeve across the currently active theses within a broader fixed-income allocation.
- Focused thematic allocation
Investors focused on a single theme — real estate or healthcare and public-sector receivables — through a single programme.
- Programme review under mandate
Institutional allocators formally reviewing the CGPH programme range as part of a broader private-market mandate assessment.
- Scale
- Curated shortlist of mid-market European private bond programmes accessible to eligible investors.
- Timing
- Selection dialogue calibrated to investor onboarding and eligibility checks; investment horizons follow each programme’s terms.
- Geography
- Luxembourg-centric structuring with distribution towards Continental European institutional investors and selected international allocators.
- Presentation of the two currently active proprietary private-bond programmes
- Sharing of the definitive documentation with eligible investors
- Support for eligibility qualification and subscription
- Coordination with issuer, custody, paying-agent and reporting counterparties named in the documentation
- Luxury Assets Private Debt BondNot currently active
Selected professional luxury-watch dealers.
- Selected Real Estate Private Debt Bond
Selected real-estate developments through the identified Luxembourg vehicle.
- Healthcare Credit EMTN Programme Bond
Selected healthcare-sector and public-sector receivables structured under an EMTN framework.
- NPL Real Estate BondNot currently active
Selected non-performing real-estate loan portfolios accessed through accredited partners.
- 01Qualification
We confirm investor eligibility and align the review scope with the mandate.
- 02Presentation
We present the currently active programmes and the specifics of each thesis.
- 03Documentation
Definitive private-placement documentation is shared for review with the investor and its advisers.
- 04Subscription
Subscription is completed under the applicable terms and settled through the identified operational counterparties.
- Coherent range
Programmes structured within the same group perimeter, each preserving its own thesis and documentation, with two theses currently active.
- Documented investor journey
Every stage — presentation, documentation, subscription — proceeds against the definitive documentation of each programme.
- Coordinated support
A single senior team accompanies the investor across programme selection and coordination with the identified counterparties.
- Legal
Programme documentation and investor rights are prepared and maintained by qualified external legal counsel.
- Operational
Custody, paying-agent, calculation-agent and settlement functions are held by the identified counterparties named in the documentation.
- Investor advisers
We coordinate with the investor’s own legal, tax and investment advisers during the review of the definitive documentation.
- Nested inside Proprietary Private Bonds
Bond Selection is the selection-focused entry point into Proprietary Private Bonds and presents the programme pages, indicating which theses are currently active.
- Distinct theses
Each programme keeps its own asset thesis, structural approach and documentation.
- Institutional counterparts
Issuance and operational functions are held by the entities identified in the programme documentation.
- Eligible investors seeking a small number of thematic private bond exposures.
- Advisors screening private-placement bonds on behalf of institutional clients.
- Investors comfortable with definitive documentation and independent legal review.
- Retail investors or non-eligible categories.
- Requests for immediate liquidity or capital guarantees.
- Investors unwilling to review the definitive private-placement documentation.
- Bond Selection is nested inside Proprietary Private Bonds; the programme pages are its children, and two theses are currently active.
- Programme availability may evolve; the currently active programmes are those listed on this page.
- How many programmes are currently active?
- Two programmes are currently active: the Selected Real Estate Private Debt Bond and the Healthcare Credit EMTN Programme Bond. The Luxury Assets Private Debt Bond and the NPL Real Estate Bond are documented for reference and are not currently open for subscription; further theses may be added to the range over time.
- Can an investor subscribe to more than one programme?
- Yes. Where the mandate calls for it, an eligible investor can subscribe to more than one programme, each under its own definitive documentation.
- How does Bond Selection relate to Proprietary Private Bonds?
- Bond Selection is the selection-focused sub-section within Proprietary Private Bonds. Proprietary Private Bonds describes the overall perimeter; Bond Selection lists and presents the currently active programmes.
- What documentation governs each subscription?
- Each subscription is governed by the definitive private-placement documentation of the relevant programme, which sets the terms, rights, risk factors and eligibility.
Any private bond referenced is issued by the identified Luxembourg group securitization vehicle and offered through definitive private-placement documentation, reserved for eligible professional and institutional investors. CGPH Banque d’affaires acts in an advisory, structuring and selection capacity.