Our services
We make any asset investable
Blackbull specializes in converting private equity and alternative assets into bankable, transferable Certificate Notes with their own ISIN, accessible to qualified investors in the regulated capital markets.
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Turn your asset or opportunity
into an investable proposition.
Services
From asset to ISIN
We financial engineer any traditional or alternative asset to make it investable, specializing in converting private equity, illiquid, and non-bankable assets into Certificate Notes - bankable, transferable instruments with their own ISIN, held directly in an investor's bank account.
Core service
Certificate Notes
We make any asset investable
A Certificate Note is a bankable, transferable security issued against your asset or strategy. It carries its own ISIN, settles through the regulated international clearing and settlement system that banks already use, and can be deposited directly into an investor's bank account like any other holding.
This is how a company's private equity is made investable. How a Ferrari collection becomes a portfolio line. How a music catalogue becomes subscribable. How a superyacht's charter income becomes a cashflow-backed instrument. How a sports team raises capital. How art and luxury collections can be leveraged. The underlying assets change; the mechanism does not.
At a glance
- InstrumentAMC / CLN / Tracker
- IdentifierISIN
- Held viaInvestor bank account
- TransferableYes
- ValuationIndependent
- UnderlyingAny asset of value
- InvestorsAsset managers & qualified
- EnvironmentFully regulated
Selected mandates
Certificate Notes we have engineered
Also available
Further services
Meeting global funding sources
Meet qualified capital sources in person, one-on-one, to discuss the funding of your company. Every introduction is drawn from a global network of private and institutional investors.
That network spans Europe, USA, and Asia, with combined managed assets above USD $100bn, and we guarantee the sources you meet are both qualified and interested.
- Europe · USA · Asia
- $100bn+ network
- One-on-one
- Qualified sources
Getting listed cost-effectively
A pay-as-you-go route to a capital market listing. We begin by matching your company's qualifications against the listing suitability of targeted exchanges, so you only pursue venues that fit.
You then select your preferred venue from those that matched, and Blackbull processes and executes the listing on it, keeping the cost to what the outcome genuinely requires.
- Pay-as-you-go
- Suitability match
- Venue selection
- Processed & executed
Feasibility
Not sure your asset can be wrapped
into a certificate note?
Ecosystem
Licensed and Regulated
Operating within a licensed and regulated ecosystem, Blackbull facilitates the advisory, financial engineering, asset management, issuance, and distribution of its investment products, providing confidence and security to both clients and investors.
The platform
The Structured Capital Platform
Blackbull is an official partner of the Structured Capital Platform, the layer that connects asset management, financial engineering, product issuance, and product distribution across a group of specialist member entities, each handling one part of a transaction so that the whole remains institutional-grade end to end.
Affiliated Institutions
Capital markets & Financing Institutions
Blackbull instruments are admitted, listed, traded, and financed across a network of traditional exchanges, OTC markets, digital venues, and financial institutions. Our affiliations include institutions such as SIX SIS, Euroclear, Swissquote Bank, Incore Bank, ISP Securities, Kraken, and more, so each mandate can be placed where it genuinely belongs.
The Circle
Private Capital Network
About
Who we are
Blackbull is a boutique capital advisory and financial engineering firm turning private, illiquid and non-bankable assets into investable instruments. Leveraging our private capital markets network, backed by a team of senior executives with a footprint across six continents and more than twenty years of transactions engineered, Blackbull specializes in making any assets investable.
People
The team
A 30-year track record in investments, capital markets and policy across 30+ countries. Co-founded The Maestro Group, advised U.S. Senator Max Baucus, and spent thirteen years at UBS.
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Focused on structured products, digital-asset listings and securitisation across the certificate programmes. A 2018 World Blockchain Summit speaker and an Edinburgh engineering graduate.
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A valued member of the advisory board for Asia, instrumental in building the firm's relationships across the region and a fixture at its early engagements. Remembered with deep gratitude.
Advisor for Asia with decades of chief-of-staff experience to senior executives and board members across finance, transportation, mining and technology, and Asian-European market transactions.
Advisor for North America in international trade and government relations. Chairman of Jinboast E-Commerce Tianjin, former CEO of the Global Trade & Technology Center, and an NYU MPA.
Global footprint
Where we have been active
Status: 2026
Cities with more than one entry are outlined in gold — click one to zoom in. Click a category above to filter the map.
In their words
References
News
Issuances & announcements
Selected mandates, launches, listings, and completed transactions engineered by Blackbull. This is a running record of corporate news, investment instruments, and capital market admissions delivered for clients across Europe, the Americas, Africa, and Asia.
Guides
Guides to AMCs, CLNs and structured products
Plain-English explainers on Certificate Notes: what they are, how they work, which assets they can hold, and how they are launched and bought. Written by the team that engineers them.
Showing all 18 guides
What is an Actively Managed Certificate (AMC)?
An AMC is a bankable security with its own ISIN that tracks an actively managed portfolio. How it works, who issues it, what it costs and where the risks sit.
Read the guide →
What is a Credit-Linked Note (CLN)?
A Credit-Linked Note is a bankable note whose repayment depends on a borrower or reference credit. How CLNs work, how they finance real assets, and the risks.
Read the guide →
What is a Tracker Certificate?
A Tracker Certificate follows a basket or an index with no discretionary management. How trackers work, when to use one, and how they differ from an AMC.
Read the guide →
AMC, CLN or Tracker Certificate?
AMC vs CLN vs Tracker Certificate compared: what each pays, who manages it, what it suits, and how to choose a Certificate Note for an asset or strategy.
Read the guide →
AMC or fund: which structure for your strategy?
AMC vs fund for an asset manager: set-up time, cost, regulation, investor access and risk compared, and when each structure makes sense.
Read the guide →
How to securitise private equity with an AMC
How private company shares or private equity stakes become a bankable AMC with an ISIN: structure, valuation, transfer rules and the investor's view.
Read the guide →
Investing in illiquid and non-bankable assets
What makes an asset non-bankable, and how a Certificate Note with an ISIN lets banks and investors hold collections, private stakes, royalties and real assets.
Read the guide →
Music rights as an investment: royalties and AMCs
How music royalties and catalogues work as an investment, how they are valued, and how an AMC with an ISIN gives investors bankable access to music rights.
Read the guide →
Investing in football clubs: equity, debt and AMCs
How football clubs raise capital through equity, debt and receivables financing, and how a Certificate Note gives investors bankable exposure to a club.
Read the guide →
Supercar and classic car collections as investments
How collectible and classic car collections are valued, stored and insured, and how an AMC or CLN makes a car collection bankable for investors and owners.
Read the guide →Superyacht financing with a Credit-Linked Note
How a superyacht can be financed through a Credit-Linked Note with an ISIN: charter income, ship mortgage security, insurance and the risks investors take.
Read the guide →
Real estate AMCs: holding property in a certificate
How real estate is held in an AMC, tracker or CLN with an ISIN: listed property, direct buildings through a vehicle, rental platforms, valuation and liquidity.
Read the guide →
Investing in whisky, wine and spirits
How whisky casks, fine wine and spirits work as investments: maturation, bonded storage, valuation, and how a Certificate Note makes them bankable.
Read the guide →
Art as an investable asset: funds, loans and AMCs
How art is valued, financed and invested in: art funds, art-secured loans and Certificate Notes with an ISIN, and the provenance and liquidity risks.
Read the guide →
Crypto and digital assets in a bankable AMC
How Bitcoin, crypto and tokenised assets are held through an AMC with an ISIN, so private banks and investors can own them in a normal custody account.
Read the guide →
Actively Managed Certificates in Switzerland
Why Switzerland is a centre for AMCs and structured products, how FinSA treats them, and what managers need to know about issuers, investors and distribution.
Read the guide →
How to launch an AMC for your strategy
The steps to launch an Actively Managed Certificate, from first conversation to ISIN and first subscription: issuer onboarding, documents, costs and timeline.
Read the guide →
Who buys AMCs? Private banks and family offices
Who invests in AMCs and Certificate Notes: private banks, independent asset managers, family offices and qualified investors, and what they check before buying.
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Important information. These guides are not financial advice. It is general information about how certain financial instruments work. It is not investment, legal or tax advice, and it is not an offer or a solicitation to buy or sell any security. Certificate Notes are complex instruments: their value can fall as well as rise, investors can lose some or all of the amount invested, and they are exposed to the credit risk of the issuer. Many are available only to professional or qualified investors, and the rules differ by country. References to Blackbull mandates and launches illustrate our structuring work, are shown for illustration only, and are not an indication of future results. Blackbull Equities provides advisory and structuring services; it does not itself issue securities, accept deposits or manage client assets. This website is not directed at persons in any jurisdiction where its content would be unlawful, including the United States. Seek independent professional advice before making any investment decision.