Board Members

About Us

Martin Adams

Independent Non-Executive Chairman

Martin has served for over 30 years in executive and non-executive capacities, both as chairman and director of over 20 closed-end funds and fund-invested operating companies listed on European stock exchanges; and on the boards of fund management companies. His investment experience encompasses private equity, property, infrastructure and renewables assets, predominantly in Asia and Europe. In his capacity as chairman of various fund boards, he has both renegotiated management contracts and implemented strategies to realise illiquid assets over time in order to return capital to shareholders.

Martin is currently the Chairman of Eastern European Property Fund Limited, senior independent director of Marwyn Value Investors Limited and a non-executive director of National Investment and Infrastructure Fund Limited in India, Metage Funds Limited and Vietnam Phoenix Fund Limited. He started his career with the Lloyds Bank group, where he was based in the UK, Hong Kong, Portugal and the Netherlands. He is resident in Portugal.



Miltos Kambourides

Non-Independent Director

Miltos Kambourides is the founder and Managing Partner of Dolphin Capital Partners (DCP), a private equity business founded in 2004, specialising in real estate investments. DCP’s main investment vehicle is Dolphin Capital Investors (DCI), which has been a leading investor and developer in the luxury residential resort sector, listed on AIM (Alternative Investment Market) of the London Stock Exchange. Since its inception in 2005, DCI has raised almost €1 billion of equity funds and has grown to become a leading global real estate investor and developer of seaside integrated resorts.

Miltos was previously a founding partner of Soros Real Estate Partners (SREP), a global real estate private equity business formed in 1999 by George Soros, which executed a number of complex real estate transactions in Western Europe and Japan.

While at SREP, he was primarily responsible for investments relating to property outsourcing in the UK and for the SREP investment strategy in Southeast Europe. He was the deal leader and founder of Mapeley Ltd, which went on to become the second largest real estate outsourcing company in the UK after winning two major 20-year multi-billion-GBP contracts: one with the Inland Revenue and Custom & Excise Departments of the UK and one with the Abbey National Bank.

Prior to joining Soros, Miltos spent two years at Goldman Sachs working on real estate private equity transactions in the UK, France and Spain. In 1998, he received a Goldman Sachs Global Innovation Award for his work at Trillium, the largest real estate outsourcing company in the UK.

He graduated from the Massachusetts Institute of Technology with a BS and MS in Mechanical Engineering and a BS in Mathematics. He has received several academic honours and participated twice in the International Math Olympiad (Beijing 1990, Moscow 1992) and once in the Balkan Math Olympiad (Sofia 1990) where he received a bronze medal.

Nicholas Paris

Independent Non-Executive Director

Nick is a Fellow of the Institute of Chartered Accountants in England and Wales, a Member of the Chartered Alternative Investment Analysts Association and a Fellow of the Chartered Institute for Securities & Investment. He has more than 30 years’ experience in closed end funds. In his career, he has developed significant expertise in analysing, launching and investing in such funds and he has acted as an independent non-executive Director of a number of stock exchange listed funds.

Nick is a very experienced shareholder in, and director of, funds holding illiquid assets in challenging markets. He was a portfolio manager within the LIM Advisors Group until September 2020 where he was responsible for their investments in closed end funds. He is also the Managing Director of Myanmar Investments International Limited, a London listed closed end fund, Non-Executive Chairman of ASEANA Properties Limited and has recently joined the Board of Nominees of Fondul Proprietatea S.A. which is listed in both Romania and London. He was formerly a director of Global Resources Investment Trust plc, RDL Realisation PLC and TAU Capital PLC which were all listed in London. He is resident in the UK.


Nicolai Huls

Independent Non-Executive Director

Nicolai is an experienced investment analyst and fund manager with more than 20 years’ experience and a particular focus on researching investment funds having worked for a number of leading private banks in Europe including Bank Insinger de Beaufort, Schretlen & Co, Rabobank Private Banking and LCF Edmond de Rothschild. Currently he is a director and sits on the investment committee of Discover Investment Company and overseas investment portfolios that invest in closed end funds.

Nicolai has worked for more than 10 years supporting shareholders and investors in the analysis of international listed funds’ holdings of alternative assets and subsequently monitoring and advising boards and management teams on the monetisation of their investment portfolios. He is resident in The Netherlands.