Real Asset Debt
Flexible financing for a changing market
CapMan Real Asset Debt in partnership with CAERUS Debt Investment AG provides tailored real estate and infrastructure debt solutions across Western and Nordic Europe. We identify opportunities where complexity creates value, offering flexible capital when traditional financing is constrained.
experienced team with long history
Strong long-term industry expertise embedded in an international network.
Stable, Risk-conscious returns
Continuous returns from fixed-rate interest payments, backed by diversified quality assets.
Flexible financing solutions
Tailor-made debt solutions creating best-in-class fit to business plans.
sustainability-supported performance
Sustainability and regulatory standards at the core of decision-making.
Our team
Michael Morgenroth
Michael Morgenroth is the founder and CEO of German-based CAERUS Debt Investments AG, which was initially established in April 2012. Morgenroth is a chartered surveyor (MRICS), property economist (VWA), legal economist (VWA) and banker. He has more than 35 years of professional experience in the areas of investment banking, real estate and property financing.
Morgenroth joined CapMan in 2025 as Managing Partner of CapMan Real Asset Debt investment area when CapMan expanded into real asset debt by acquiring CAERUS Debt Investments.
Latest updates
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CapMan and CAERUS enter the European infrastructure debt market
CapMan Plc and CAERUS Debt Investment AG finalize partnership – Michael Morgenroth joins CapMan’s Management Group
CapMan Plc and CAERUS Debt Investments AG enter partnership and launch new investment area CapMan Real Asset Debt