Strategy 03 of 6
Private Credit & Structured Finance
Senior and structured lending to mid-market companies and asset owners where banks are slow, constrained or absent.
- Typical commitment
- US$5 million to US$30 million
- Holding period
- 12 to 48 months
- Geographies
- Hong Kong, Singapore, Australia and selected Southeast Asian markets
Overview
The strategy
Instruments
- Senior secured term loans
- Bridge and pre-IPO financing
- Asset-backed and receivables facilities
- Convertible and mezzanine notes with equity participation
Our credit activity is opportunistic and asset-backed. We lend directly to companies and asset owners across Asia that need certainty, speed and a counterparty that understands their business.
Underwriting begins with the downside. We size every facility against realisable collateral value and cash flow under stressed assumptions, and we document conservatively. We prefer to be the sole or lead lender, so that we control the terms and, should one be needed, the workout.
With a weekly investment committee and no external approvals, we can move from first meeting to signed term sheet in weeks, and we can structure bespoke instruments that a narrower mandate would not permit.
What we look for
Criteria
- Hard collateral or contracted cash flows, with a clear path to repayment
- Borrowers with a track record and their own reputation at stake
- Situations where our speed and certainty are worth a premium
- Enforceable security in jurisdictions we know
What we avoid
Exclusions
- Unsecured lending to early-stage businesses
- Facilities that rely on refinancing by a third party as the primary exit
- Structures designed to obscure the true borrower
Beyond capital
What we bring to the table.
Capital is only part of what an investor brings. These are the things that matter most to our partners in this strategy.
- 01
Speed and certainty of execution
- 02
Amortisation and covenant structures tailored to the asset
- 03
A single counterparty for the life of the facility
Related sectors
Where this strategy is most active.
Healthcare & Life Sciences
Healthcare services, medical devices, diagnostics and commercial-stage life sciences in Greater China and Southeast Asia.
SectorIndustrials & Advanced Manufacturing
Precision manufacturing, industrial components, automation and supply-chain businesses serving regional and global customers.
SectorReal Estate & Infrastructure
Income-producing commercial, industrial and logistics property, together with infrastructure-adjacent assets with contracted revenue.
SectorEnergy Transition & Resources
Renewable generation, energy efficiency, storage and the resources that supply them, where the economics do not rely on subsidy.
SectorTalk to the people who make the decisions.
If you are a founder, owner or borrower looking for an aligned investor with a long horizon, we would like to hear from you.