Two problems stand between institutional capital and middle-market real assets.
The aggregation problem. An institutional investor building real asset exposure needs to deploy tens of millions into the asset class over time — they can't do that through one deal, one operator, or one sector.
The size gap. Middle-market real asset transactions — $5M to $15M in equity — are structurally orphaned, falling below the minimums of institutional funds and above what retail investors can access.
They need a pipeline across diversified asset classes, sized appropriately, flowing consistently enough to build a portfolio. No single operator provides that. The allocator either builds an internal infrastructure to manage dozens of operator relationships, or they find someone who has already built that network and can deliver diversified deal flow as a coherent portfolio. That's Ibis.
The operators executing these deals need a capital partner who understands their business, moves quickly, and delivers certainty of close. They are not set up to manage institutional LP relationships. The deals exist, the operators exist, the institutional demand exists — but there is no efficient path between them. Ibis was built to operate in that gap.
Investment Strategy
Prior platform experience forming the foundation of Ibis Capital's strategy, operator relationships, and diligence process.
Ibis Capital invests alongside proven operators across diversified sectors — sourcing asset-backed, income-generating investments through established relationships and structuring each around downside protection, predictable cash flows, and institutional-grade governance.
The portfolio is designed to deliver roughly 40% of total return as cash income during the hold period — a structure that matters for institutional investors who need dependable distributions, whether to support policy liabilities or fund ongoing commitments.
Asset Classes
One Strategy, Three Engagement Models
Full delegation, deal-by-deal approval, or advisory — matched to how you allocate capital.
Primary Offering
Commingled Fund
Ibis manages a diversified portfolio of real asset investments within a defined mandate — investors delegate the sourcing, structuring, and management of individual transactions.
Built for institutional investors who want diversified real asset exposure through a single allocation with one reporting relationship and one K-1.
Managed Account
A dedicated vehicle owned by the client, with Ibis sourcing and executing investments within an agreed mandate — each transaction requires client approval before capital is committed.
Built for investors who want Ibis's deal flow and diligence process while retaining direct control and balance sheet ownership of the underlying assets.
Allocation Advisory
Ibis provides deal sourcing, underwriting analysis, and investment recommendations on a non-discretionary basis — the client makes all investment decisions independently.
Built for institutions evaluating real asset alternatives, developing internal capabilities, or supplementing an existing investment team with dedicated deal flow.
Origin
Prior to founding Ibis Capital, Kevin Van Hoesen built and managed a real asset alternatives platform at an institutional asset manager serving a national life insurer. That platform sourced, underwrote, and closed 14 transactions totaling $72M in deployed capital across multiple real asset sectors. Each investment followed the same five-stage diligence process now formalized at Ibis. The operator relationships cultivated through that work form the foundation of the firm's current pipeline and sourcing capabilities.
The firm operates through independent fund administration, legal counsel, audit, and third-party compliance — no single point of operational dependence on any one person or provider.
Kevin Van Hoesen
Founder & Managing Partner
Evaluating complex investments under uncertainty is what Kevin has done for his entire career — first directing corporate strategy and multi-billion dollar capital allocation decisions at Micron Technology, then building an institutional alternatives platform from the ground up inside the insurance ecosystem. Ibis Capital is the product of both disciplines: the rigor of a Fortune 200 strategic planning function applied to sourcing and structuring real assets alongside proven operators.
MS in Accounting
Certificate in Strategic Management, Wharton
Series 65