A true partner
in financial success.
Why Polymath & Boffin?
In an industry where expertise and trust are paramount, we
stand apart as a true partner in financial success.
We step in when businesses are over-leveraged, distressed, or navigating unresolved debt. Through debt portfolio negotiations and UTP acquisitions, we create order in moments of crisis — protecting value and restoring viability with disciplined oversight.
We thrive in complex, time-sensitive environments — acquiring undervalued or misaligned assets in sectors where execution is difficult and value is unclear. Our ability to move quickly, assess risk, and deliver structure unlocks value where others see volatility.
We design and execute capital raises that align with long-term strategies — including securitisation, capital equity into funds, senior debt, and fixed-yield instruments. Our approach ensures efficient access to capital while maintaining alignment between structure and strategic intent.
Strategic ventures
Independently structured initiatives
led by the Polymath & Boffin team
Featured transformations
Malta Special Situations
Through 3514 Capital, Polymath & Boffin helped embed a constructive approach to special-situations servicing, supporting both growth and restructuring across non-performing credit portfolios. This framework delivered strong outcomes for managed funds and tangible economic gains, enabling creditors to resolve long-standing exposures while allowing debtors to exit legacy burdens with restored equity positions. By offloading impaired assets, banks released significant regulatory capital and reported notable profitability improvements in the years that followed.
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Featured transformations
Cross Collateralized Portfolio of Re-performing Debtors
KBS Realty Advisors LLC played a key role in assisting Polymath & Boffin to establish one of the first REIT-style structures in Italy, aligning with their deep expertise in institutional real estate. Through this framework, multiple parties were able to pool assets and unlock new liquidity to address deferred maintenance, property upgrades, creditor exposure, and other capital needs. The underlying assets were primarily office or mixed-use properties across the greater Milan area. KBS, founded in 1992, brings extensive hands-on experience, having managed over $44.7bn in real estate transactions as of June 30, 2022.
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Featured transformations
Intesa Sanpaolo Hotel Portfolio: Custom Exit Orchestrated by Polymath & Boffin
Intesa Sanpaolo asked Polymath & Boffin to resolve a complex portfolio of six Italian hotels with a highly fragmented capital stack. Each property carried multiple loans from different banks, layered over varying security interests tied to land, buildings, and operating companies, making independent workouts unfeasible. Over eight months, Polymath & Boffin coordinated all borrowers and lending parties to establish a unified closing framework and align the portfolio for resolution.
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Featured transformations
Retail Portfolio Turnaround
UniCredit Leasing, operating independently from UniCredit’s retail bank, sought a resolution for a seven-asset portfolio of city-centre retail complexes across Udine, Trieste, Grado, Lignano Sabbiadoro, Treviso and Venezia Friuli Giulia. Although post-2019 reforms enabled securitization of leasing debt, this portfolio remained constrained by legacy structures and operational complexity. UniCredit Leasing required a negotiated solution that allowed borrowers to repay an agreed amount and fully release the bank from its position.
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Featured transformations
Single-name Distressed Real-Estate Restructuring
The Willow Brook Capital transaction required a refinancing structure for a single-name, cross-collateralized position. To address the regulatory constraint that one borrower’s income cannot support another within the pool, Polymath & Boffin designed an equity-swap mechanism, an approved corrective method that reallocates revenues to stabilize specific borrowers under defined conditions. Between 2017 and 2019, Polymath & Boffin deployed $300M into single-name portfolios that accepted this cross-collateralized framework, ensuring proportional equity transfers when individual borrowers defaulted.
Read MoreOur thinking
Sterling Under Strain: Fiscal Shifts and Investment Opportunity as the UK Enters a Defining Moment
The British pound has entered a period of heightened sensitivity ahead of the UK’s Autumn Budget on 26 November. Sterling’s recent softness reflects...
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Strengthening Food Security: The Emerging Infrastructure Opportunity in Africa
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Africa’s Emerging Markets Enter a New Phase
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