
Real estate private equity · London
Capability,
applied.
Real estate returns increasingly depend on how a building operates. Capax builds and designs single assets and operating platforms that unlock the properties behind them, bringing the capital, construction and operating experience to see each one through.
Approach
We back the operator, then buy or build the building.
Our thesis →
Operating-led
We have launched, scaled and restructured hospitality brands ourselves. We underwrite what an operator can deliver, not just what a building can yield.
Build-literate
We have designed, built and sold a 162-room aparthotel in Western Europe’s tallest residential tower. Construction risk is something we manage, not avoid.
Platforms
All platforms →
A hotel management company with 33 hotels across the UK, from country houses and castles to branded city hotels.

A leasing intermediary that turns operational real estate into fixed, secured rent for its owners.

Build-to-rent homes designed so residents can short-let them when away, with hosting managed for them.
Founders
Team →Steven Haag and Maurice Atallah founded Capax in 2023. One launched and ran hospitality brands; the other designed and built the buildings. Both invest alongside their partners.
If you back operators, or are one, we would like to talk.
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