Sovereign and institutional capital
Patient capital needs durable rules.
For sovereign wealth funds, family offices and institutional allocators considering new cities and economic zones.
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The risk in new zones is rarely the land. It is the rules.
In the seventeenth century Amsterdam drew capital from across Europe. Its Exchange opened in 1611, beside a public exchange bank founded in 1609, in a city whose courts enforced contracts between strangers. Capital went where the rules held.
New cities and zones can offer land, growth and long horizons. They also carry a specific risk: the arrangement that makes them attractive can be changed, ignored or reversed after capital is committed.
We assess that risk before you see the opportunity. Zones reach our capital partners only after they have met defined governance milestones, and capital is staged against further milestones rather than committed at once.
Exposure grows only as the governance proves itself.
Move through the milestones. Capital committed rises in steps, and exposure to a change in the rules narrows as each milestone is met.
. Illustrative, not a forecast.
Diligence first, then staging, then stewardship.
Qualified pipeline
Zones and city projects assessed against our governance standard before any introduction.
Milestone staging
Capital tied to legal, administrative and economic milestones.
Co-investment with hosts
Structures that align investors with host governments over long horizons.
Ongoing oversight
Monitoring of the zone's governance after investment, with early notice of risks to the arrangement.
Mercatoria is an advisory firm. It does not manage funds, hold client assets or offer securities. Investment decisions remain with each capital partner.
Mercatoria DAO LLC, Wyoming