Complex markets don't fail from a shortage of capital. They fail due to a shortage of structure.
wait, what. designs and manages institutional-grade capital vehicles at the intersection of blended finance, venture credit, and systemic real assets.
THE THESIS
Structure is the scarce resource.
Every major systemic transition of the next decade shares one constraint: capital exists, but lacks the architecture to deploy at scale.
Blended finance remains subscale because first-loss structures aren't standardized. Venture debt underserves deep tech because payback horizons don't match innovation cycles. Public capital sits idle because bankability frameworks don't exist.
We build those frameworks. We engineer those structures. We close those gaps.
This is capital architecture - and it is the defining discipline of the next decade.
THE PLATFORM
Three integrated capabilities. One architecture discipline.
Structured Investment Vehicles
Institutional SPVs and fund structures with engineered downside protection, layered risk-sharing, and long-horizon governance. Built for allocators who require both discipline and impact alignment.
Blended and Catalytic Finance
Public-private capital design that makes systemic risk bankable. We engineer the layered capital stacks that unlock institutional co-investment in markets capital ordinarily avoids.
Venture and Structured Credit
Hybrid instruments and venture debt structures purpose-built for deep-tech and frontier-market transitions. Risk-adjusted yield engineering with structured downside protection and capital recycling discipline.
INVESTMENT STRATEGIES
Engineered Capital Vehicles
Each strategy is structured the same way: Mandate, Structural Thesis, Capital Stack, Return Profile, Risk Mitigation, Governance. No thematic drift. No mandate creep. Architecture holds.
BLENDED FINANCE
Making Systemic Risk Bankable
Commercial capital avoids early-stage systemic risk - not because returns are absent, but because structures that make those returns legible to institutional allocators don't yet exist.
We build them.
First-loss capital absorbs downside risk, enabling participation by the senior tranche. Catalytic guarantees extend bankability across credit profiles that conventional lenders won't touch. Senior institutional tranches deliver risk-adjusted returns within familiar parameters. Outcome-linked triggers align capital deployment with verifiable systemic progress.
This is not impact investing with a branding problem. This is structured finance applied to systemic transitions.
VENTURE AND STRUCTURED CREDIT
Hybrid Capital for Frontier Markets
Deep tech doesn't fit venture equity timelines. It doesn't fit bank lending criteria either. It lives in the gap - and that gap is where we operate.
We engineer venture debt structures aligned with innovation cycle horizons, equity-linked instruments that preserve upside without dilution pressure, and structured downside protection for illiquid positions.
We are the capital architecture layer that makes frontier market investment institutionally accessible.
THE SWISS ANCHOR
Cross-Border Structuring from a Neutral Platform
Switzerland is not just a domicile. It is a structural advantage.
In blended finance, where mandates cross bilateral sensitivities and DFI co-investment requires political neutrality, a Swiss platform enables structuring relationships that geographically constrained capital cannot access.
We deploy globally. We govern with Swiss discipline.
CAPITAL ARCHITECTURE INSTITUTE
Advancing the Intellectual Frontier of Structured Finance
The Capital Architecture Institute exists to answer one question: what does the next generation of blended finance infrastructure actually look like?
Our position: the missing link in systemic capital deployment is standardized, replicable capital architecture - structures that can be templated, stress-tested, and deployed across mandates without reinvention.
The Institute advances this through research, closed-door roundtables with DFIs and institutional allocators, academic collaboration, and policy dialogue on structured finance standards.
PARTNERSHIPS
Who We Build With
Institutional Co-Investors: Family offices, DFIs, pension allocators, and sovereign vehicles seeking structured exposure to systemic transitions.
Academic Partners: Finance faculties and research institutions advancing blended finance, structured credit, and innovation policy frameworks.
Public Sector Collaborators: Governments and development agencies requiring bankability architecture for public capital deployment.
Strategic Operators: Deep tech founders and infrastructure operators who need long-horizon structured capital - not a VC term sheet.
ABOUT
Tobias Temmen - Founder and Capital Architect
30+ ventures launched and managed. EUR 1.5bn+ in assets across fund structures and capital markets mandates. Cross-border structuring experience spanning capital and private markets, real assets, blended finance, asset-backed finance and structured finance.
Kellogg-WHU EMBA. MIT REAP Ambassador.
WORK WITH US
Structure markets with us.
For catalytic and blended capital partners ready to deploy at systemic scale.
Access disciplined, engineered capital.
For operators building in markets where conventional capital structures don't hold.
wait, what. - Swiss Capital Architecture Platform - Zurich