Capital that stands beside the sponsor, not above it.
Ameretat Capital co-invests alongside developers, governments and sponsors in sovereign infrastructure, energy and commodities projects — combining patient equity with the structuring discipline of an advisor who has built the deal from the inside.
A co-investor, structured to move at the sponsor's pace.
We take positions alongside the people who originate and build — not as a passive fund waiting for a finished deal, but as a partner involved from term sheet to financial close.
Direct & Co-Invested Equity
Strategic equity and shareholder loan positions in special purpose vehicles, taken alongside the sponsor's own capital and aligned to the same milestones.
Term Sheets & SPV Architecture
We help design the capital stack itself — equity, shareholder loans, senior debt — so the project is bankable before it reaches a lender's desk.
Sovereign & Counterparty Risk
Drawing on direct experience with sovereign-guaranteed offtake, political risk insurance and multilateral development bank processes.
Lender & Investor Introductions
Relationships across development finance institutions, family offices and trade counterparties built over more than two decades in the market.
Where Ameretat sits in the capital stack.
A representative structure: the sponsor retains control and origination; Ameretat brings co-invested capital and structuring at the SPV level; senior lenders and offtakers sit above.
Project Origination
Holds the development rights, the relationship with the offtaker or host government, and day-to-day execution of the project.
Co-Invested Equity & Structuring
Equity or shareholder loan position in the SPV, aligned with the sponsor; leads structuring, due diligence coordination and lender-facing documentation.
Debt & Offtake
Development finance institutions, commercial lenders and offtakers — sovereign, utility or investment-grade corporate — sit senior in the structure.
Where we co-invest.
Two adjacent worlds: long-duration infrastructure and energy projects underpinned by sovereign or investment-grade offtake, and the commodities and trade flows that move alongside them.