// INVESTMENT PLATFORM
Opportunistic and proprietary principal investments.
Principal capital, operator discipline.
Opportunistic and proprietary principal investments, made one asset at a time and underwritten by operating capability. Capital is where the institution acts on its own conviction: it deploys into the highest-conviction situations advisory surfaces, structuring each position in its own vehicle rather than a blind pool. The same operators who advise can own the work.
What it does.
Single-asset investing
Every position is made through its own vehicle, one asset at a time, rather than a blind pool. The structure is built to the situation, not the fund.
Special situations
Complex and time-sensitive situations that reward conviction and operator judgment, where speed and structure matter as much as price.
Operator-underwritten
Every position is underwritten by the operating capability that stands behind it, not a spreadsheet alone. The people who diligence the business can run it.
Situations where principal capital and operating capability together beat capital alone; the highest-conviction opportunities the institution's advisory work surfaces.
- Discipline
- Opportunistic and proprietary principal investments
- Structure
- Single-asset vehicles, one position at a time
- Managing Partner
- Dan Picmann
- Stage
- Origination through realization
- Status
- Entity of Keel Merchant Bank; informational purposes only

Part of Keel Merchant Bank. Four entities. One institution.
For informational purposes only. Not investment advice or a recommendation to purchase or sell any security. An entity of Keel Merchant Bank.
