Strategy

Private Credit

Secured lending positions where the security package survives the borrower's downside case.

Risk profile

Moderate

Liquidity

Semi-liquid

Typical horizon

Medium

Capital structure

Senior / mezzanine debt

Opportunity type

Asset-backed and cashflow lending

Risk, liquidity and horizon are indicative descriptors of each strategy type. They are not forecasts, and no return is shown or implied.

The path

From interestto position.

Eight steps, in this order, every time. Nothing is released before eligibility is established.

Focus, horizon and typical participation size.

Identity, corporate ownership and source of funds.

Whether this strategy is appropriate for you, documented.

Non-disclosure, then materials released on record.

Terms, security and the exit agreed before entry.

Reviewed and approved before any commitment.

Documentation, conditions precedent, drawdown.

Scheduled reporting through the hold to realisation.