Lending Series | Part 4: Lender Finance After a brief pause from our lending vertical series, we’re back — and this week, we’re diving into one of the more technical but quietly powerful components of our strategy: Lender Finance. Lender Finance doesn’t always get the spotlight, but it’s foundational for us. It’s where structured credit meets real-world lending platforms—and where…
Why Transparency Builds Trust — Insights from Our Q1 Investor Call Last week, we hosted our Q1 investor call, and we were encouraged by the turnout. Attendance was strong, the questions were sharp, and the engagement reinforced our belief that informed investors make the best partners. These quarterly calls aren’t marketing presentations. They’re open forums where we share portfolio updates,…
How to Spot a Strong ABL Transaction (and Why It Matters to Investors) “Since 1999, we’ve reviewed thousands of lending opportunities—and passed on many. The reason? Discipline.” Not all collateral is created equal in asset-based lending, especially revolving lines of credit. While prospects (and their advisors) are often eager to rush into term sheets, seasoned lenders know that what looks…
When Collateral Has Fine Print: What Contracts Really Tell Us “A contractual right to bill is not the same as a contractual obligation to pay.” – A great Greek credit philosopher (or perhaps just a seasoned lender we respect) In private credit, that quote captures a truth we’ve lived with since our earliest days in the industry. With roots going…
When not to Fund: Why We Prioritize Discipline Over Deals This week’s blog draws on themes we recently shared in our investor newsletter — a message we believe is worth reinforcing more broadly. Whether you’re reading this as part of our regular blog series or saw a similar message in your inbox earlier this month, the principles behind it are…
Plan for the Worst and Hope for the Best. When we underwrite loans, we are always thinking about the exit; how will we get our money back? Planning for a terminal event we obtain appraisals on collateral so that we understand the current value, investigating the market and our prospective client’s resiliency. Furthermore, we look at historical financial and collateral…
A Deeper Look At Factoring and its Investment Potential Last week, we introduced invoice factoring—a key strategy in our portfolio that provides businesses with immediate liquidity by unlocking cash tied up in receivables. If you missed it, click here to catch up. This week, we’re going deeper, focusing on how factoring works and why it presents an attractive, risk-mitigated opportunity…
Unlocking Liquidity: An Introduction to Invoice Factoring In the world of private credit, capital is the engine that drives growth, yet many businesses find themselves stuck in neutral with cash flow tied up in unpaid invoices. Picture a manufacturer poised to fulfill its largest order or a staffing firm striving to meet payroll for its growing workforce—only to face delays…
