Investment Strategy
Our Differentiation
- We have low tolerance for principal risk. We typically exchange asymmetric security or structural protection for disproportionate upside sharing.
- We have strong negative controls. We are willing but reluctant to directly impact asset management or day-to-day operations.
- We are flexible. We compete aggressively in relation to speed, certainty of close, and tolerance for complexity.
- We have a short duration bias. We favor self-liquidating or incentive constructs that return a substantial portion of our basis within two to three years.
Broad Investment Mandate
We have built a unique personal financing business that addresses the objectives of successful founders, CEOs, sponsors, and entrepreneurs with illiquid assets and unique access to interesting private investments.
We have a broad network and are able to select amongst the best transactions from a diverse set of asset classes.
Core Investment Philosophy
Self-liquidating, short-duration cash-on-cash capital recovery.
Strong direct asset coverage, although we have a broad appetite for asset types given sponsor subordination.
Upside participation albeit disproportionately weighted toward our partners.
Structured Private Equity
We offer superior principal economics, allowing the entrepreneur to accrue the majority of the upside in their highest conviction opportunities.
Real Estate Bridge Capital
We are an active investor with real estate sponsors through our structured real estate bridge capital format.