Comparto
The issuance infrastructure for institutional investment products.
Comparto lets asset managers, family offices and sponsors turn an asset or strategy into a security with its own ISIN, issued from a fully segregated Comparto on our Luxembourg securitisation platform — in 2–4 weeks, or 10 business days on Priority Launch.
- Dedicated ISIN
- Luxembourg platform
- Full segregation
- Professional investors
- Standard bank custody
- Structured through the platform
- EUR 100m+Structured through the platform
- Compartos launched
- 20+Compartos launched
- Asset classes
- 3+Asset classes
- Countries
- 4+Countries
- Weeks to launch
- 2–4Weeks to launch
Figures as of the latest reporting date, excluding transactions in structuring.
What Comparto is
One asset in. One bankable security out.
You bring the asset or strategy. We issue a security your investors can buy and hold with their own bank.
Asset holder
Manager, sponsor or borrower
Comparto
Dedicated issuance cell
Investors
Professional and institutional
Banks & custody
ISIN, settlement, safekeeping
Segregation
Every transaction gets its own Comparto.
A Comparto is a standalone issuance. Assets, cash, liabilities and investors stay inside it and never mix with another transaction.
Comparto platform
Comparto A
- Assets
- Cash
- Liabilities
- Investors
Comparto B
- Assets
- Cash
- Liabilities
- Investors
Comparto C
- Assets
- Cash
- Liabilities
- Investors
Nothing flows between Compartos. Each holds its own assets, cash, liabilities and investors.
Off balance sheet
Outside your balance sheet.
Investors hold securities issued by your Comparto, not a claim on your company. The exposure sits in the Comparto, not in the originator's accounts.
What you gain
What each building block actually changes for you.
A Comparto is not a list of services. It is what makes your transaction subscribable, payable, and defensible in front of an investment committee.
Your investors buy a line item, not a file
Dedicated ISIN — the security appears on their statement and settles through their usual bank.
One transaction can never contaminate another
Legal segregation — assets, cash, liabilities and investors stay within a single Comparto.
Your investors get paid on time, without you lifting a finger
Paying Agent — executes coupons and redemptions directly from the Comparto.
No one questions the coupon amount
Calculation Agent — an independent third party computes every amount against the documentation.
The exposure sits off your balance sheet
Distinct issuer — investors hold a security issued by the Comparto, not a claim on you.
You deal with a single point of contact for the entire life of the deal
Administration, audit, reporting and lifecycle events coordinated by one team in Luxembourg.
The principle
One asset. One Comparto. One ISIN.
No pooling, no entity to incorporate, no renegotiation for every transaction.
1 asset
The strategy or asset you contribute
1 Comparto
Segregated, and dedicated to this transaction alone
1 ISIN
A bankable line on your investors' statements
Who it's for
Who launches with Comparto.
Asset managers
Launch a product without launching a fund.
Private debt managers
Make a lending strategy subscribable.
Family offices
Share a club deal in a bankable format.
Real estate sponsors
Fund a project directly from investors.
Management companies
Add a line without new infrastructure.
In practice
The numbers, at a glance.
- Typical transaction size
- EUR 5m–100m+
- Typical timeline
- 2–4 weeks — 10 business days on Priority Launch
- Jurisdictions
- Issuance in Luxembourg, investors across Europe
- Currencies
- EUR, USD, CHF, GBP
- Investors
- Professional, qualified and institutional
How it works
Five steps, from asset to ISIN.
You describe the asset
We structure the transaction
We create your Comparto
We issue your ISIN
Your investors subscribe
Lifecycle
From feasibility to term sheet issuance.
The standard Comparto timeline, from the first conversation to the security's ongoing life.
Week 1
Feasibility
We confirm the asset is eligible and the issuance format.
Weeks 1–2
Structuring
Documentation, security terms, named parties.
Weeks 2–3
Issuance
Comparto created, ISIN assigned, security ready for settlement.
Weeks 3–4
Subscription
Investors subscribe via their custodian bank.
Onward
Life of the security
Coupons, reporting, audit and lifecycle management.
Anonymised cases
What a Comparto looks like in practice.
Four representative formats, anonymised: asset class, jurisdiction, size, time to launch and investor profile.
EUR 12.4m
Senior real estate debt
- Jurisdiction
- France
- Timeline
- Launched in 3 weeks
- Investors
- Private banks and family offices
EUR 15.6m
Solar infrastructure financing
- Jurisdiction
- Spain
- Timeline
- Launched in 4 weeks
- Investors
- Institutional investors
EUR 20.0m
Private credit — SME direct lending
- Jurisdiction
- Germany
- Timeline
- Launched in 10 business days
- Investors
- Professional investors
EUR 8.0m
Short-term trade receivables
- Jurisdiction
- Netherlands
- Timeline
- Launched in 2 weeks
- Investors
- Wealth managers
Illustrative, representative examples — not real or identifiable client transactions.
Why Comparto
Fund, SPV, Comparto.
The same outcome — a subscribable investment product — reached at a fraction of the time, cost and operational burden.
| Criteria | Traditional fund | Dedicated SPV | Comparto |
|---|---|---|---|
| Time to launch | 9–18 months | 2–4 months | 2–4 weeks — 10 business days on Priority |
| Entry cost | EUR 250k+ | EUR 60k–100k | From EUR 30,000 |
| Dedicated ISIN | Yes | Rarely | Yes, one per Comparto |
| Legal segregation | At fund level | One entity per deal | Per Comparto, no new entity |
| Operational complexity | High, on you | Medium, on you | Handled end to end |
| Next transaction | New sub-fund, new file | New entity to incorporate | New Comparto on the same platform |
Pricing
Standard Launch — from EUR 30,000
Live in 2–4 weeks.
Priority Launch — from EUR 50,000
Live in 10 business days, with a dedicated senior project lead.
Annual administration: EUR 8,000–12,000 per year from year two, for both formulas.
Indicative ranges, confirmed by quote. Final pricing depends on the structure, the asset and the parties involved.
Full pricing details