Special Situations

Portfolio Purchases

Lapis has completed a series of portfolio purchases from banks, insurance companies and other holders of bonds and loans. We are a trusted partner, providing certainty of execution within a framework that respects the needs of our sophisticated sellers.

Distressed and Defaulted Claims and Securities

Lapis invests across the capital structure of distressed and defaulted corporate borrowers specializing in illiquid and non-traded creditor claims and debt. By providing liquidity to holders of distressed and defaulted companies and spreading our risk across numerous cases and classes within a case, Lapis is able to structure portfolios with lower aggregate risk profiles. Lapis is often able to fund the defense of claims by adding expertise and legal dollars that the original holders may be unable or unwilling to expend. Finally, by increasing our positions within cases we are able to spread these costs over a larger investment.

Private Real Estate Investment Trust Shares (REITs)

Lapis provides a market to holders of private REIT shares who desire liquidity for their holdings. Lapis and its affiliates have conducted over 100,000 transactions for holders of illiquid REIT shares. We analyze the REITS individually and pool our investments into vehicles able to hold such investments.