Emerald Advisory GmbH, a Frankfurt am Main-based advisory firm specialising in real estate debt and credit servicing, has filed a legal action against Emerald Fund SCA SICAV-FIS, operating under the name “Marshall Bridge Fund”. The proceedings are currently pending before a German court.
Emerald Fund SCA SICAV-FIS is a Luxembourg-domiciled real estate financing fund which, through its sub-fund “Marshall Bridge Fund”, focuses on short-term bridge financing. Emerald Advisory was previously engaged by the fund in an operational capacity under a comprehensive servicing and management mandate.
The legal action relates to outstanding claims arising from the cooperation between the parties. The parties are not providing further details regarding the background of the proceedings at this time.
Emerald Advisory specialises in the management of complex real estate financings, the servicing of non-performing loans, as well as structured workout and asset realisation processes. Over an extended period, the firm was involved in the operational management of a substantial loan portfolio and worked in close coordination with the relevant decision-makers at fund level.
In addition, Emerald Advisory was involved as an advisor at fund level and was publicly listed as one of the General Partner’s advisors in the fund’s external communications.
“We decided, after careful consideration, to pursue our claims through legal proceedings. We are not commenting at this time on any governance- or compliance-related matters at fund level,” said Dr. Norman Scherer, Managing Director of Emerald Advisory GmbH.
Emerald Fund SCA SICAV-FIS (“Marshall Bridge Fund”) is governed at fund level by its responsible bodies. In this context, Xavier Deu, Managing Partner, and Paul Hunt, Chairman of the Investment Committee, are involved in the fund structure in senior and responsible roles.
