Frequently Asked Questions

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Laub Capital is a European alternative investment manager specialising in non-performing loans (NPLs). 

The firm acquires and manages portfolios of distressed debt across Southern and Central-Eastern Europe, applying disciplined, loan-level underwriting and active recovery management to assets that banks and financial institutions divest from their balance sheets. 

Laub Capital is part of the wider Laub group, and its funds are domiciled in Luxembourg and structured in accordance with the EU Alternative Investment Fund Managers Directive (AIFMD). 

A non-performing loan is a loan on which the borrower has stopped making scheduled payments, generally classified as non-performing once it is more than 90 days past due. 

Banks must hold regulatory capital against these exposures, which creates a strong incentive to sell them — typically at a discount to face value — to specialist investors. 

NPLs can be secured (backed by collateral such as property) or unsecured (such as consumer credit), and each requires a distinct recovery approach. 

Laub Capital acquires portfolios of European NPLs and seeks to realise value through structured, compliant recovery over the life of each investment. 

The strategy rests on granular underwriting at the point of acquisition, careful portfolio selection, and active management of the servicing process across multiple jurisdictions. 

The aim is consistent, downside-aware performance through a credit cycle rather than reliance on any single market or outcome. 

Laub Capital focuses on Southern and Central-Eastern European markets, including Spain, Portugal, Croatia, Romania, the Czech Republic and Poland. 

These markets combine meaningful volumes of divested debt with established legal frameworks for recovery. The firm’s cross-jurisdictional expertise — spanning local collections practice, default-interest rules and enforcement procedures — is central to how it prices and manages each portfolio. 

Laub Capital’s funds are available only to professional and institutional investors as defined under MiFID II and the AIFMD — for example pension funds, family offices, funds-of-funds, and qualifying professional clients. 

The funds are not offered to retail investors, and the information on this website does not constitute an offer or invitation to subscribe. Eligible investors may request the relevant offering documentation directly. 

Laub Capital’s funds are domiciled in Luxembourg and structured as closed-ended alternative investment funds in accordance with the AIFMD. 

This gives investors a recognised, well-regulated European framework, institutional-grade governance, and clearly defined investment and harvest periods. Specific terms — including commitment levels, fees and timelines — are set out in each fund’s offering documents and provided to eligible investors on request. 

Laub Capital sources portfolios directly from banks, consumer-finance lenders and other financial institutions, through both bilateral negotiations and competitive sale processes. 

Long-standing relationships across its target markets, built over many years in European distressed debt, provide access to deal flow and to the diligence data required to underwrite each portfolio accurately before committing capital. 

Responsible, compliant treatment of borrowers is integral to Laub Capital’s model. 

Recovery is conducted in line with applicable national consumer-protection and debt-collection regulations, with an emphasis on fair, proportionate and sustainable repayment arrangements. 

Treating borrowers appropriately is not only a regulatory and reputational requirement but also supports stronger long-term recovery outcomes. 

Laub Capital is led by a senior team with decades of combined experience in European distressed debt and alternative credit, including leadership roles at listed NPL specialists and international banks.

This operating history spans portfolio acquisition, servicing, structuring and fund management across multiple European jurisdictions and market cycles. 

Secured NPLs are backed by collateral — most often real estate — which can be enforced to recover value, so pricing and recovery depend heavily on asset values and enforcement timelines. 

Unsecured NPLs, such as consumer loans and credit-card debt, have no underlying collateral; recovery relies on the borrower’s ability and willingness to repay, assessed through data-driven underwriting and managed collections. 

Laub Capital’s consumer strategy focuses primarily on the unsecured segment, where granular analytics and disciplined servicing drive performance. 

The European NPL market remains substantial. 

The European Banking Authority reported a stock of non-performing loans of approximately €374 billion across EU banks as of Q3 2025, while Stage 2 exposures — loans showing a significant increase in credit risk — stood at around €1.56 trillion, a record high. 

Continued balance-sheet management by banks, combined with rising defaults, is expected to sustain a steady supply of portfolios for specialist investors. 

 Professional and institutional investors interested in Laub Capital’s strategy are welcome to contact the firm directly to request further information and the relevant fund documentation. 

This document is a marketing communication provided for information purposes only. 

It does not constitute investment, legal or tax advice, nor an offer or solicitation to buy or sell any financial instrument or fund interest, and is directed solely at professional and institutional investors as defined under MiFID II and the AIFMD. Investing in non-performing loans involves risk, including the possible loss of capital. 

Any reference to past activity is not a reliable indicator of future results. Complete information — including risks, fees and terms — is set out in the relevant fund’s offering documentation, which prevails over the contents of this document.