Zenzic Capital announced that Stable Asset Management has made a $100 million strategic commitment to the Zenzic Real Estate Credit Opportunities Fund.
The fund, known as ZRECO, is Zenzic Capital’s evergreen credit strategy. The investment marks a milestone for the strategy and reflects growing institutional investor support for Zenzic’s approach to European real estate and asset-backed credit.
Stable Asset Management is a GP stake builder and asset manager that partners with specialist investment firms. As a strategic partner, Stable brings long-term institutional capital to support Zenzic Capital’s continued growth.
Zenzic Capital was founded in 2014 by Nadine Buckland and Tom Lloyd-Jones. The firm focuses on inefficient and underserved areas of the lower-middle European real estate and asset-backed credit markets.
The firm partners with sponsors, real estate groups, and corporates to provide bespoke financing solutions across the U.K. and Europe.
ZRECO launched in October 2025 and is designed to give investors access to a diversified portfolio of credit investments. The strategy includes short-duration high-yield tactical opportunities, medium-term financings tied to asset improvement, and bespoke capital solutions across the capital structure.
The strategy seeks to capitalize on market dislocations and structural inefficiencies that can create attractive risk-adjusted return opportunities for investors.
Funds managed by GCM Grosvenor provided the seed capital supporting the launch of ZRECO. Stable’s $100 million commitment adds another major institutional partner to the strategy.
Stable was founded in 2006 and manages $5.2 billion in assets under management. The firm has supported the growth of 46 investment firms across private markets and absolute return strategies. Its partner firms collectively manage $27 billion in assets under management.
KEY QUOTES:
“We are pleased to welcome Stable’s commitment to ZRECO, which reflects the increasing recognition of the opportunity set within European real estate and asset-backed credit and the strength of our investment platform. Institutional investors continue to seek specialized managers with deep sourcing capabilities and disciplined underwriting, and we believe our strategy is well positioned to capitalize on the compelling opportunities we see across the market.”
Nadine Buckland, CEO of Zenzic Capital
“At Stable, we partner with specialist GPs who have built differentiated investment businesses with competitive moats. Zenzic’s deep expertise in European real estate and asset-backed credit, combined with their disciplined approach and strong track record, made them a compelling partner. We are pleased to bring our capital and network support to Nadine, Tom, and the Zenzic team as they continue to grow their platform.”
Erik Serrano Berntsen, CEO of Stable
