Long-termvalue investors
We combine a flexible investment mandate with long duration capital to build a concentrated idiosyncratic portfolio of investments across Europe
About JNE Partners
JNE Partners is a London-based investment firm led by founder and CIO Jonathan Esfandi, who has managed the firm’s opportunistic value strategy since 2006
$0 bn+
Assets Under Management
Managed on behalf of a long-term, high-quality institutional investor base. Including a significant amount of partners’ capital
0
Year
Track Record: Spin-out from MSD Capital in 2019. Seven years as a fully independent business
Strategies
We aim to compound the real value of our investors capital over the long-term by delivering strong risk adjusted returns
Master Fund
Flexible mandate to invest across the capital structure into equities, distressed debt, arbitrage, and special situations (public & private)
Credit Opportunities Fund
Fund I was raised in 2022 to take advantage of an attractive opportunity in distressed debt and capital solutions across Europe
Co-investments
We offer co-investment opportunities in high conviction dislocated situations in equity, credit and arbitrage
Investment Philosophy
Flexible Mandate
We combine a detailed fundamental investment process with an understanding of a range of special situations. By embracing situational complexity we can invest in great businesses at a deep discount to intrinsic value
Long-Term
We underwrite every investment as if we were going to own the whole business for the long-term, necessitating deep fundamental analysis. Our average equity holding period is well over four years
Engaged
Our preference is to work closely with owner-operators, acting as thoughtful, disciplined partners to create enduring value for all stakeholders
Concentrated
We run a concentrated portfolio. Detailed analysis and engagement allows us to build high conviction. 10 core investments usually make up ~70% of the portfolio
Leadership Team
Our leaders have specialist and complimentary backgrounds in public and private equity and distressed credit. Their range of perspectives and a collaborative culture allows the firm to develop and retain talented people
Jonathan Esfandi
MANAGING PARTNER & CIO
Founder - 2006
Over 20 years experience investing in equity and distressed debt through different market cycles. 17 years as a Portfolio Manager. Founded and ran MSD's European office from 2006 to 2018. Previously Lone Star and Deutsche Bank
