Wednesday, 18 February 2026
Emerald Advisory GmbH, a Frankfurt-based advisory firm specialising in real estate debt management and credit servicing, has initiated legal proceedings against Emerald Fund SCA SICAV-FIS, which operates under the name “Marshall Bridge Fund,” according to a company statement. The case is reported to be pending before a German court. No court reference number or further procedural details were disclosed.
Emerald Fund SCA SICAV-FIS is a Luxembourg-domiciled real estate financing vehicle whose sub-fund, Marshall Bridge Fund, focuses on short-term bridge financing transactions. Emerald Advisory previously worked with the fund in an operational role under a servicing and management mandate related to elements of the loan portfolio and asset oversight.
The legal action concerns outstanding claims arising from the cooperation between the parties. Neither side has released detailed information regarding the nature of the claims or the financial scope of the dispute. Publicly available records do not currently indicate additional commentary from the fund or its representatives.
Emerald Advisory states that its activities include the management of complex real estate financings, non-performing loan servicing and structured workout and asset realisation processes. The firm indicated that it had been involved over an extended period in the operational handling of a substantial loan portfolio in coordination with fund-level decision makers, and that it was referenced in external fund communications as an advisor to the general partner.
In a brief statement, Dr. Norman Scherer, Managing Director of Emerald Advisory GmbH, said the company had decided to pursue its claims through legal proceedings and would not comment further on governance or compliance matters. Representatives of the Marshall Bridge Fund had not issued a public response at the time of publication.
According to the company statement, the Marshall Bridge Fund is overseen by its designated governing bodies, with senior roles in the structure including a managing partner and an investment committee chairman. No further details regarding the proceedings or potential timelines have been disclosed.
Photo: Dr. Norman Scherer, Managing Director of Emerald Advisory GmbH.
