The Portfolio Surgeon

We diagnose structural inefficiencies, then design, rebuild and transition hedge and risk frameworks to unlock trapped capital across complex, long-dated portfolios.

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Unlock Capital. Boost Returns.

Independent derivatives and structuring advisory for lean institutional teams managing long-dated assets, complex cashflows and real governance constraints.

We design hedges from inception – then adapt and re-engineer them as portfolios evolve, funding changes, and governance constraints tighten.

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Client Results

When Derivative Structures Get in the Way

Para Bellum is engaged to re-architect derivative portfolios during novations, restructures, unwinds, refinancing transitions and platform rebuilds – situations where sequencing, timing and execution discipline matter as much as pricing.

Everything we design is built to be executed, defended and explained under scrutiny.

Our Capabilities

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Who We Are

Independent. Practitioner-Led. Outcome-Driven

Para Bellum Advisors applies institutional-grade structuring and execution to portfolios with long-dated assets and complex cashflows.

Our work typically begins when structures need to change – not just be monitored.

We bring hands-on experience from global banks, insurers and investment teams.
No product push. No theory decks. No unnecessary complexity.

Just solutions that stand up under scrutiny.

How We Deliver

Para Bellum delivers through three primary engagement models, designed to meet clients where they are and scale with complexity.

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Flagship Offers

Core solutions addressing recurring structural inefficiencies across institutional portfolios.

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Mini Offers

Fast, focused engagements designed for clarity, control and decision support.

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Bespoke Advisory

Discreet, high-impact mandates requiring speed, judgement and independence.

Often involving novations, portfolio restructures, unwind sequencing, refinancing transitions or derivative infrastructure rebuilds.

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CAPABILITY SNAPSHOT

Capabilities That Power Every Engagement

These capabilities are not sold individually.

They underpin every Para Bellum offer, mandate, and advisory engagement – supporting hedge design, structural change, and execution as portfolios evolve.

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Derivatives & Structuring

Precision design across FX, rates, credit, equity and volatility – from vanilla to long-dated and illiquid exposures.

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Portfolio & Capital Efficiency

Eliminating structural drag across capital, liquidity and collateral.

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Execution Strategy

Execution treated as a source of value – including novations, restructurings, exits and large, sensitive transactions where sequencing and timing materially affect portfolio outcomes.

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Governance & Risk Alignment

Frameworks that stand up under board, regulator and auditor scrutiny.

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Platforms & Future Markets

Modern infrastructure that supports execution, analytics and scale.

Our Capabilities

WHY PARA BELLUM

Why Lean Investment Teams Engage Para Bellum

– Independent, conflict-free advice
– Deep structuring and execution expertise
– Hands-on delivery, not slideware
– Trusted in high-stakes, high-scrutiny situations
– Engaged when derivative structures need to change, not just be analysed

We are engaged when decisions need to be made – and owned – so portfolios can move forward under real constraints.

SOCIAL PROOF

Trusted by Institutional Investment Teams

Para Bellum works with private credit investors, infrastructure and project finance teams, asset managers, and family offices operating with real capital at risk, lean internal teams, and binding governance constraints.