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What is Capital-Hill Securities?

Capital-Hill Securities S.à r.l. is a Luxembourg-based multi-compartment securitisation vehicle incorporated under the Securitisation Law of 22 March 2004 (RCS B288440). It provides issuance services tracker certificates and asset-backed notes — to family offices, institutions and professional investors.

What is an Actively Managed Certificate (AMC)?

An AMC is a securitised note whose underlying portfolio is managed on a discretionary basis by an appointed manager according to a predefined strategy. Investors gain exposure to the strategy through a single security with its own ISIN, without setting up a fund.

How does compartment segregation work?

Each transaction is housed in a dedicated compartment. Under Luxembourg law, the assets and liabilities of each compartment are ring-fenced: creditors of one compartment have no recourse to the assets of another. Combined with the orphan ownership structure, this makes each issuance bankruptcy-remote.

Who owns Capital-Hill?

Capital-Hill is held through a Dutch Stichting (orphan structure), meaning the platform is not owned by its originators or investors. This is standard practice for bankruptcy-remote issuance vehicles.

Who can invest in Capital-Hill products?

Products are reserved for professional and institutional investors within the meaning of MiFID II and equivalent regimes. They are not offered to retail investors.

Which ISINs and listings are available?

Notes are issued with Swiss (CH) or German (DE) ISINs, with pricing published on Bloomberg by a regulated calculation agent, and can be listed on the Vienna MTF.

What asset classes can be securitised?

The Luxembourg Securitisation Law permits a wide range of underlyings: listed and private equity, debt, real estate, funds, commodities exposure, digital assets and other alternative assets, subject to structuring and eligibility review.

How long does it take to launch a compartment?

A standard compartment with a new series of notes can typically be launched in a few weeks from receipt of complete onboarding documentation, depending on the complexity of the underlying and the distribution setup.

Is Capital-Hill regulated by the CSSF?

As a securitisation vehicle that does not issue securities to the public on a continuous basis, Capital-Hill is not subject to CSSF prudential supervision, in line with the standard regime under the 2004 Law. Each compartment is audited by a regulated audit firm, and regulated parties (paying agent, calculation agent) act on each issuance.

Which service providers does Capital-Hill work with?

The platform works with an established network including a major private bank as paying agent, an international law firm as legal counsel, a Luxembourg audit firm, and a regulated calculation agent responsible for Bloomberg publication.