Chief Executive Officer

Dhruv Sharma

Dhruv Sharma has experience within Private Equity, Real Estate, and Infrastructure Investing. Prior to establishing Marcena Capital Ltd, Dhruv was Asset Allocation Director at Strategic Assets Partners LLP (‘SAP’), a regulated Multi-Family Office with European and Asian Private Clients. In addition, over his investing career Dhruv has lectured at the University of London, supported several Foundations which in turn advance Science and Culture, published within Economics, and chaired several Investor Conferences. Dhruv earned his postgraduate studies from the London School of Economics. As CEO for the past decade, within Marcena Capital Ltd, Dhruv presides over Investment Allocation and Risk Selection, Fiduciary Advisory, and Strategy Execution.

  Investment Advisory Board

Michael Hecht

Michael Hecht is Director of Hecht Management, investing into core Real Estate and providing Advisory on Acquisition and Development. Previously, Michael invested for the Thyssen Family; and more latterly invested into Healthcare and Venture.

Sach Chandaria

Sach Chandaria is a member of a multi-generational family; besides Philanthropy, Sach has an active role in the family’s businesses in the areas of software, technology, electronics, and media. He holds a MBA from Harvard Business School and a BA from Brown University.

Osamu Hosokubo

Osamu Hosokubo was CEO of Japan Asia Investment Co., Ltd., founded in 1981 and a strategic pioneer in Japanese investment into Private Equity and Venture Capital. Osamu joined JAIC in 1989 and prior to this Osamu was with Nippon Trust Bank.

Olev Schults

Olev Schults is one of the founders of Cresco, established in 1995. Cresco’s institutional arm is also a founding member of Tallinn SE and joint member of the Nasdaq Baltic Market. Olev’s investment remit is within Special Situations and Financial Technology.

Chief Investment Officer

Shashank Sripada

Shashank Sripada has almost a decade of experience in Investment Management and previously was Investment Director at Marcena Capital Ltd. Prior to Marcena Capital Ltd, he was Senior Analyst at SAP. Additionally, Shashank founded ‘Bubblo’ and has previous experience at Oak IM, CIO of LSE Investment Society Fund, and Reliance Capital. Shashank graduated from the London School of Economics and George Washington University.

Investment Director

Wilfred van Opstal

Wilfred van Opstal heads Asia for Marcena Capital Ltd with an allocation focus on Real Estate, Energy, and Private Equity Tech; Wilfred has been previously with ‘SAP’, ING, and Winterthur.

Inna Bratakusuma

Inna I. Bratakusuma has three decades of experience and worked at Maybank Asset Management, ImQ Consulting, and Bank Bukopin in Indonesia. Inna graduated in Civil Law from Universitas Islam Nusantara.

Mark Walenbergh

Mark Walenbergh, CFA, has previous experience as Executive Director at Santander, Jefferies, and PIMCO. Mark has an institutional and asset management focus on Benelux.

Vice-President, Investment

Edin Buzuku

Edin Buzuku founded Group Buzuku and is owner of Hollegro DOO. Edin was V-P at ‘SAP’ and Edin graduated in Economics from University of Belgrade.

Shruti Kanoria

Shruti Kanoria has spent eight years working under Marcena Capital Ltd and previously at ‘SAP’, a Multi-Family Office. Shruti graduated from the University of Mumbai.

Analyst Fellowship

The Analyst Fellowship provides the next generation with the asset management skills set we have been fortunate to learn and acquire as well as the chance equal to the one we had in the first twenty years of the 21st Century.

 

Daniel Stuccilli (University of Southern California)

Shivam Brahmbhatt (University of Southern California)

Past: Stuart Tweedie (University of Baltimore)

Past: Neil O'Neill (London School of Economics)

Past: Shruti Kanoria (University of Mumbai)

Strategy and History

"All the great things are simple, and many can be expressed in a single word: freedom, justice, honour, duty, mercy, hope."  Churchill.

 

Marcena Capital Ltd was formed in early 2010s as a successor to 'SAP', a Multi-Family Office. Prior to this 'SAP' began as a Single Family Office before advising third party clients.

Marcena Capital Ltd provides asset allocation, financing, fiduciary, portfolio, and exit advice to its core client group. The client group consists of Ultra HNWs and Single Family Offices, such as Quantum Pacific, BlackPine, and Oosterbaan Investment Group.

Marcena Capital Ltd maintains a permanent and local team but with a global, multi-asset, and atemporal investment scope to its advisory remit.

Selection of recent Investment Partners:

Private Equity

We invest into selective counterparts with best practices and across varying stages, geographies, and sectors. Capitalising on long term opportunities which are resulting from evolving global trade and consumer dynamics; into businesses which satisfy basic needs and desires. We are unconstrained by deal size or duration and consider opportunities in complex and dislocated markets with asymmetric risk/reward profiles.

Real Estate

We capitalise on the various demand and supply dislocations across local markets. Our Property investment focus lies mostly within Western Europe, encompassing both Primary and Secondary Urban Centres. Strategy focus on (1) opportunistic, achieved from capital gains through development, and (2) value-added enhancement through lease-up, lease restructuring, and physical repositioning.

Infrastructure

Within Infrastructure, we aim to emphasize the long-term, stable, and cash-generating characteristics of the asset class both on the equity and debt fronts. We focus inter alia on projects where there are significant barriers to entry, contracted revenue streams, limited demand risk, and Inflation correlation. We look towards 'best in class' portfolio of assets and jurisdictions.

Portfolio Allocation

"The real voyage of discovery consists not in seeking new lands but seeing with new eyes."  Proust.

Private Equity

Real Estate

Infrastructure

Primary and Direct

Country-Specific Strategies focussed upon Buyout, Turnaround, Venture, and Growth; key Ownership within unlisted Businesses in Technology, Industrials, and Consumer Services.

Development

Residential and Commercial Developments; particular Exposure towards London, Paris, Scandinavia; mitigation of Construction Risk through contracting established Developers and Operators.

Networks

Investments within natural, but open, Monopolies and formed by ‘Networks’; both virtual and real. Exposure from Aviation to disrupting old ‘Networks’, such as ‘Marketplaces’, Payments, and Energy.

Secondaries

Strategy buying into Direct Secondary Transactions, Private Equity Portfolios, and LP Positions; selling Drivers include Industry Regulation, Portfolio Restructuring/De-risking, Exogenous Shocks.

‘Bricks and Mortar’

Exposure on Commercial, Retail, and Residential Portfolios and Managers; working with Tenants and Operators to improve their Environmental and Social Impacts and maintain strong Leases.

Monopoly

Holdings within Logistics, B2C Telco and Media, and E-Commerce. Non-Core Monopoly Assets with contracted Revenues and acting as an ‘essential’ Distribution Service, Category Leader, and Operator to its Niche.

Geographical Remit

"No man is an island entire of itself; every man is a piece of the continent, a part of the main..."  Donne.

Broadly, our Core Allocation Focus remains centered in Green upon Europe and Asia and selectively within Africa and the Americas. Peripherally and Opportunistically we seek and select within other Geographies; coloured in Chartreuse.