— A DIVISION OF THE ARSENALE GROUP —
Funds · Art Loans · Structuring · Advisory
— Compliance & Risk Disclosure
This website is not an offer to sell, or a solicitation of an offer to buy, any securities, fund interests, loan product, or investment service. Any offering will be made only by means of formal offering documents, subscription agreements, and other materials provided to qualified counterparties.
Arsenale Capital products are intended solely for qualified purchasers, accredited investors, and institutional counterparties as defined in applicable jurisdictions. Suitability, residency, minimum asset thresholds, and regulatory status requirements apply. Participation is by invitation or private placement only.
Art and art-backed investments carry material risks, including illiquidity, valuation uncertainty, market volatility, concentration, currency fluctuation, custody and insurance risk, and the potential loss of capital. Past performance is not indicative of future results. Prospective investors should consult their own legal, tax, and financial advisers before investing.
Nothing on this site constitutes personalised investment, legal, or tax advice. Arsenale Capital operates within regulated frameworks and reserves the right to decline any enquiry that does not meet its eligibility criteria.
— The Firm
Arsenale Capital designs and manages investment vehicles within the global art ecosystem — and originates lending secured by museum-grade works. We operate where scholarship, market intelligence, and financial engineering converge.
Our mandate is long-horizon: to build durable capital structures around objects that outlive markets, and to release liquidity from collections without compromising their integrity.
— Two Pillars
Pillar · 01
Strategy, structure, stewardship.
We create and manage investment funds dedicated to the art ecosystem — primary market positions, blue-chip holdings, editions, and infrastructure. Vehicles are engineered for institutional discipline and curatorial conviction.
Explore fundsPillar · 02
Liquidity, secured by masterworks.
Bespoke lending against museum-grade collateral. We underwrite with scholarly rigor and structure facilities that preserve custody, provenance, and privacy — turning collections into working capital without dispersal.
Discuss a facility— Funds & Strategy
From concept to close, and from first acquisition to final distribution.
Each fund begins with a clearly defined thesis: a specific segment of the art ecosystem — from primary market positions and blue-chip holdings to art infrastructure and editions programmes. We articulate the investment thesis, target returns, time horizon, and liquidity profile before any structure is drawn.
We design the legal and tax structure across leading jurisdictions, aligning with investor domicile, regulatory requirements, and operational efficiency. Vehicles are engineered for institutional subscription standards, side-letter governance, and audit-ready reporting.
Portfolio construction is guided by connoisseurship and market intelligence. We source through private channels, advise on condition and provenance, negotiate custody, insurance, and storage, and manage each position through to exit.
Investors receive regular, transparent reporting on holdings, valuations, and market context. Exits are timed through private sales, institutional placement, or secondary channels, with capital returned according to the fund's waterfall.
Target Strategies
Investor Profile
Governance
— Art Loans
We turn illustrious collections into working capital — and create disciplined credit opportunities for investors.
Each facility begins with a rigorous assessment of the proposed collateral — authentication, condition, provenance, exhibition history, and market liquidity. Only museum-grade works with clear title and insurable value are accepted.
We structure bridge, term, and revolving facilities against the appraised value of the work. Loan-to-value ratios, interest terms, maturity, covenants, and recourse are tailored to the borrower and the object.
Collateral is held by approved custodians, insurers, and storage facilities. Perfection of security, title verification, and ongoing condition monitoring protect all parties throughout the life of the loan.
We administer interest, drawdowns, and repayments, and manage default protocols with discretion. In the rare event of realisation, sales are executed through curated private channels to preserve value and reputation.
— Investor Participation
Investors participate through secured loan notes or fund units tied to a diversified book of art-backed facilities, receiving contractual interest income.
Returns are driven by borrower interest and fee income rather than market appreciation, offering a different risk-return profile from direct art ownership.
Exposure is spread across multiple borrowers, collateral types, geographies, and tenors — reducing concentration risk in any single work or counterparty.
Conservative LTVs, independent valuations, first-priority security interests, and dedicated servicing infrastructure protect principal.
— Capabilities
Every mandate is bespoke. Every engagement begins with the object.
Arsenale · 01
Structuring, legal architecture, and launch of art-focused investment vehicles across jurisdictions.
Arsenale · 02
Portfolio construction, acquisition programmes, and stewardship informed by curatorial intelligence.
Arsenale · 03
Origination and servicing of loans collateralised by fine art — bridge, term, and recourse structures.
Arsenale · 04
Valuation, condition, provenance and market-liquidity analysis on museum-grade holdings.
Arsenale · 05
Direct positions in art infrastructure — platforms, editions programmes, and cultural ventures.
Arsenale · 06
Long-horizon planning for private collectors, families, and institutions treating art as capital.
— Team & Oversight
Governance structures built for fiduciary accountability and transparent investor communication.
Investment Committee
Seasoned art-market specialists, fund managers, and institutional allocators who approve every vehicle, acquisition mandate, and lending counterparty.
Fund Management
Dedicated portfolio managers oversee sourcing, due diligence, custody, and exit planning — supported by independent valuers and legal counsel.
Independent Oversight
Each fund is administered by third-party auditors, custodians, and directors who review valuation policy, compliance, and investor reporting.
Portfolio holdings, valuations, market commentary, and liquidity updates delivered within 45 days of quarter end.
Independent financial statements prepared under applicable fund-accounting standards and shared with all investors.
Fair-value frameworks reviewed by an external valuation committee, with material changes communicated to investors.
Private digital briefings, direct manager access, and advance notice of follow-on vehicles or loan programmes.
— Approach
Every position begins with connoisseurship — the object, its author, its place in history.
Legal, tax, and custodial architecture built for institutional discipline and long horizons.
Active management of works and portfolios — insurance, storage, exhibition, and market timing.
Exits placed through curated channels: private sales, institutional acquisitions, editions.
"The rarest asset class is patience.
We provide the capital to hold, and the liquidity to move."
— Arsenale Capital
— Investor FAQ
Answers to common questions from allocators, family offices, and collectors.
New funds are typically structured over 8–16 weeks, depending on jurisdiction, regulatory filings, and custody arrangements. Subscription windows for existing vehicles open according to the fund's constitutional documents; investors should expect a 4–6 week onboarding and documentation cycle once terms are agreed.
Most art funds are structured for 5–10 year horizons, with possible extensions subject to investor approval. Art loan facilities and notes usually range from 12 to 36 months. Specific liquidity terms are disclosed in each vehicle's offering documents.
Risk management begins with the object: authentication, condition, provenance, title, and liquidity are reviewed by independent specialists before capital is deployed. We use conservative loan-to-value ratios, diversified collateral pools, first-priority security interests, and dedicated custody, insurance, and servicing infrastructure.
Art markets can be illiquid, valuations can fluctuate, and works may carry condition, attribution, or title uncertainties. Lending carries counterparty, default, and realisation risk. We mitigate these through rigorous underwriting, but no strategy can eliminate risk entirely. Past performance is not indicative of future results.
Fees vary by vehicle and are detailed in the relevant private placement memorandum or note programme. Typically, art funds carry a management fee and a performance allocation subject to a hurdle. Art loan participation may carry arrangement or servicing fees. All costs are disclosed transparently prior to subscription.
Arsenale products are generally offered to qualified purchasers, accredited investors, professional clients, or institutional allocators, depending on the jurisdiction and vehicle. Minimum tickets are vehicle-specific and are communicated in the offering materials. We also work with family offices and their advisors on bespoke mandates.
Yes, many of our vehicles are structured to accommodate investors across multiple jurisdictions. Eligibility is determined by the offering's regulatory framework, tax treatment, and the investor's local status. Our team works with advisors to ensure appropriate placement.
Investors receive periodic reports covering portfolio positions, valuation methodology, market commentary, and financial statements. Frequency and format are defined in each vehicle's governing documents, and our investor relations team is available for direct inquiries.
— Investor Risk FAQ
Practical answers that support the Legal & Risk Disclosures.
Our products are generally offered to qualified purchasers, accredited investors, professional clients, institutional counterparties, and family offices, depending on the jurisdiction and the specific private placement. Residency, minimum asset thresholds, and suitability criteria are set out in each vehicle's offering documents.
Yes. Many vehicles are structured to accept investors across multiple jurisdictions, subject to local securities, tax, and anti-money-laundering requirements. Eligibility is confirmed during the subscription review process.
Minimum tickets are vehicle-specific and are disclosed in the relevant private placement memorandum or note programme. We also consider bespoke mandates and advisor-led allocations for appropriate counterparties.
Each work is reviewed for authenticity, condition, provenance, title, and market liquidity. Valuations draw on specialist appraisers, auction data, and proprietary market analysis. Loan-to-value ratios are set conservatively relative to the lower of cost and independent fair market value.
Default triggers a stepwise resolution process: notice, cure period, and, if necessary, enforcement of the secured interest through private sale or auction. Proceeds are applied to principal, accrued interest, and enforcement costs, with any surplus returned to the borrower. Realisation timelines depend on market conditions and may affect recovery amounts.
Yes. Works pledged under our programmes are held in approved custody, insured against loss, damage, and certain title risks, and monitored throughout the loan term. Insurance and custody arrangements are subject to the terms of each facility's security and servicing documents.
Key risks include illiquidity, valuation uncertainty, market volatility, authentication or title disputes, condition deterioration, counterparty default, and currency exposure. Conservative underwriting and first-priority security interests mitigate but do not eliminate these risks, and investors may lose some or all of their capital.
No. Investment returns are not guaranteed. Past performance is not indicative of future results. All prospective investors should review the offering documents and consult their own legal, tax, and financial advisors before subscribing.
— Investor Access
Join the investor mailing list for new vehicle launches, art loan programmes, and market insights.
By joining, you confirm that you are a qualified purchaser, accredited investor, or professional client, or are acting on behalf of one.
Your details are used solely for fund updates and private placement notices. Privacy Policy and Terms of Use.
— Enquiries
Funds & Investment
funds@arsenale.capitalArt Loans
loans@arsenale.capitalPrivate Enquiries
private@arsenale.capital— Legal & Risk Disclosures
Access to Arsenale Capital funds, loan facilities, and private placement materials is restricted to qualified purchasers, accredited investors, and institutional counterparties as defined under applicable securities laws. Residency, minimum asset thresholds, and suitability criteria apply. Participation is by invitation or private placement only.
Investments in art and art-backed instruments involve material risks, including illiquidity, valuation uncertainty, market volatility, concentration, currency exposure, custody risk, and potential loss of capital. Past performance is not indicative of future results. Nothing on this site constitutes an offer, solicitation, or personalised investment, legal, or tax advice.
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