Investment Criteria
Black Harbor Group evaluates select real-asset opportunities meeting our capital mandate, asset quality benchmarks, and decision-quality documentation standards.
Primary Investment Parameters
Every opportunity submitted to Black Harbor Group is underwritten directly against the following core criteria:
$35M – $500M+ Scale
Target total project, asset, or enterprise value between $35 million and $500 million+. We focus on institutional-scale transactions with substantial capital requirements.
Five Core Sectors
Physical real assets across Real Estate, Oil & Gas, Power & Energy, Mining & Minerals, and Infrastructure with proven underlying commercial demand.
Proprietary Capital
100% principal private capital deployed directly for our own account. We do not act as an intermediary, syndicator, or placement broker.
Target Counterparties
Experienced sponsors, proven operators, commercial developers, asset owners, and corporate management teams with demonstrable execution track records.
Geographic Scope
Primary focus on North America (United States) alongside select international opportunities in jurisdictions with stable legal, property, and regulatory frameworks.
Investment Structures
Direct Equity, Preferred Equity, Structured Capital, Senior Debt, Mezzanine, and Opportunistic Capital tailored to asset risk and capital stack requirements.
Decision-Quality Information Required
To enable prompt and rigorous underwriting, Black Harbor Group expects sponsors and operators to provide institutional-quality information across the following key areas:
Executive Summary / CIM
Comprehensive project overview, business plan, and transaction rationale.
Dynamic Financial Model
Working financial pro-forma, cash-flow forecasts, and sensitivity analysis.
Sources & Uses of Capital
Clear breakdown of total capital requirement, sponsor equity, and proposed structure.
Asset & Site Assessment
Location quality, physical condition, replacement cost, and operational infrastructure.
Sponsor & Operator Credentials
Detailed biographies, historical track record, and verified execution experience.
Permitting & Regulatory Status
Zoning approvals, environmental permits, licenses, and jurisdictional compliance records.
Technical & Engineering Reports
Phase I/II environmental, engineering studies, reserve reports, or geotechnical data.
Existing Capital Stack Schedule
Senior debt terms, maturity schedules, covenants, liens, and encumbrances.
Revenue Contracts & Offtake
Executed leases, power purchase agreements (PPAs), offtake contracts, and customer agreements.
Independent Valuation & Appraisals
Third-party appraisals, resource valuations, or comparable market trade data.
Corporate Structure & Ownership
Entity organization chart, cap table, beneficial ownership, and voting rights.
Audited / Verified Financials
3–5 years of historical operating financial statements and tax filings (where applicable).
Development Budget & Schedule
Itemized construction budgets, EPC contracts, GMP agreements, and milestone timelines.
Market Demand & Competition Study
Independent market feasibility studies, barrier-to-entry analysis, and demographic trends.
Governance & Decision Rights
Proposed management structure, major decision controls, and reporting cadence.
Transaction Structure & Timeline
Proposed capital deployment schedule, closing milestones, and target realization strategy.
What Is Outside Our Mandate
Opportunities below $35 million in total project / enterprise value
Pre-revenue startups, consumer tech, seed-stage, or venture capital deals
Unsolicited blind intermediary outreach or mass email distribution blasts
Projects lacking verified title, permits, or clear asset documentation
Submission of an opportunity does not constitute an investment commitment, financing agreement, term sheet, or obligation by Black Harbor Group to deploy capital.
All transactions remain subject to proprietary underwriting, technical and legal due diligence, definitive documentation, and final approval by Black Harbor leadership.
Ready to Submit a Qualified Opportunity?
Black Harbor Group welcomes direct submissions from experienced sponsors, developers, and operators.