A private capital investment firm delivering bespoke solutions across asset classes

Focus on attractive risk-adjusted returns with strong downside protection

  • Situational Complexity

    We focus on situations that allow us to formulate bespoke capital solutions to meet specific capital requirements.

    We invest in companies and assets with strong fundamentals.

    Our investment of capital and management resource will typically unlock additional value for our investee companies.

  • Margin of Safety

    We ensure that we have a significant margin of safety vs. the value of our collateral.

    Our investment process involves deep, investment specific due diligence.

    We protect our margin of safety by robust structural protections in our investments.

  • Value Creation Opportunity

    We are active investors that take a partnership approach to our investee companies.

    We only invest where we have a clear alignment of interest with other stakeholders in the business.

    We seek to participate at board and shareholder level to manage our investment risk and contribute to value creation in our investments.

  • Downside Protection & Convexity

    We are focused on creating investments with robust downside protection and convexity via participation in equity value creation.

    We invest with and in management teams and owners that demonstrate belief in their businesses.

Investment strategies

  • Our Asset Based strategy targets attractive relative value opportunities across consumer receivables (e.g. mortgages, credit cards), commercial finance (e.g. equipment leasing, trade finance) and esoteric assets (e.g. IP rights and royalties).

ASSET BASED FINANCE

  • Our Capital Solutions strategy targets opportunistic investments in mid-market companies, offering flexible financing across the capital stack.

  • Solutions include: Holdco financing, second lien, mezzanine and structured equity.

CAPITAL SOLUTIONS

  • Our Real Assets strategy concentrates on opportunities in hard assets, spanning residential real estate, bridge lending, transportation, and digital infrastructure.

REAL ASSETS