The corporate direct lending market is dominated by senior secured and unitranche financing, which involve providing first-lien debt to established companies, with contractual income and priority in the capital structure, as well as defined downside protection. Unitranche financing combines senior and junior risk into a single debt instrument, typically offering higher yields than traditional senior loans while remaining structurally senior to subordinated capital.
Our Approach
We focus on selecting funds and set up dedicated single managed accounts with leading private debt managers with strong track records and disciplined underwriting. Our “all-weather strategy” mitigates risk through diversification across several axes – strategy, borrower size, geography, sector, sponsored and sponsorless, primary and secondary.
Our rigorous due diligence process evaluates a wide range of criteria including investment thesis and strategy, team capabilities, track record, terms and conditions, sustainability considerations and alignment of interests.