Structured Debt
Capital shaped around the asset.
Structured debt is engineered when standard debt does not fit. We build instruments secured on specific assets, receivables, or contracted revenue, and take the risk to the investors best suited to hold it. The result is capital a plain corporate loan cannot reach, on terms set by competition.
01 / What It Is
Bespoke instruments, secured on defined collateral.
Structured debt covers the financings a plain corporate loan cannot reach: asset-backed notes and securitization, sale-leaseback, mezzanine, and equipment- or receivables-backed facilities. Each is built on a defined pool of collateral or cash flows, ring-fenced and tranched so the risk is priced precisely and placed with the investors best suited to hold it.
Typical structure
Asset-backed, ring-fenced
The financing is secured on a specific pool of assets or cash flows and isolated from the rest of the balance sheet, so its cost tracks the collateral rather than the whole company.
02 / When You Use It
When structured debt is the right answer.
The situations where shaping the capital around the asset unlocks financing a standard loan leaves on the table.
A stabilized data center
A campus with signed, investment-grade leases securitizes those contracted revenues into asset-backed notes, releasing capital held on the balance sheet.
Sale-leaseback of owned assets
An operator sells buildings, land, or plant to an investor and leases them back, converting fixed assets into cash while retaining full use.
Mezzanine between senior and equity
A subordinated layer fills the gap the senior lenders will not fund and the sponsor will not dilute for, sized to the residual risk.
Equipment against long-lead gear
Transformers, switchgear, and capital equipment ordered years ahead are financed on their own delivery clock, secured on the gear itself.
Receivables and inventory monetized
Trade receivables and inventory are advanced against and revolved, funding the working capital a scaling operation consumes.
Risk placed with the right holder
A structure tranches the exposure so each slice sits with the investor best suited to hold it, lowering the blended cost of capital.
03 / How We Run It
We engineer the structure, then compete it.
Structured financing is won in the design. We isolate the collateral, build the tranching, and take it to the specialty investors that lead these deals privately, then hold them in competition.
- 01
We isolate the collateral
The specific assets, receivables, or contracted cash flows that will carry the financing, ring-fenced from the rest of the balance sheet.
- 02
We design the structure
The instrument, the tranching, and the credit enhancement that place each layer of risk where it is priced best.
- 03
We take it to structured capital
Presented privately to the structured-credit and specialty investors that lead these transactions, not a broad distribution.
- 04
We create competition
Multiple term sheets, compared on advance rate, coupon, structure, and certainty of close.
- 05
We close
Diligence, documentation, and funding, managed to the wire.
04 / The Capital
Who holds structured risk.
Structured debt is placed with investors built to underwrite collateral, not credit ratings. We reach them directly, through the relationships that decide whether a bespoke structure gets funded.
- 01
Structured credit funds
Specialist funds that underwrite bespoke, collateral-backed instruments across the capital structure.
- 02
Asset-backed and securitization investors
Buyers of rated and unrated notes secured on pools of leases, receivables, or contracted revenue.
- 03
Specialty finance lenders
Lenders built around defined collateral: equipment, inventory, and receivables facilities.
- 04
Insurance companies
Long-dated capital seeking secured, cash-flowing assets matched to their liabilities.
- 05
Mezzanine funds
Providers of subordinated and hybrid capital that sits between senior debt and equity.
05 / In the AI Supply Chain
The sectors it serves.
Structured debt does its heaviest work where hard assets and contracted revenue meet the capital intensity of the AI build-out.
Data centers
Stabilized campuses with contracted leases securitize their revenue and recycle capital into the next build.
Electrical equipment
Long-lead transformers and switchgear are financed against the gear on its own delivery timeline.
Secondary metals and recycling
Inventory and receivables from feedstock and processed material are monetized to fund throughput.
Industrial manufacturing
Owned plant and machinery are freed through sale-leaseback and equipment-backed facilities.
06 / Contact
Have an asset to finance?
Tell us the collateral, the cash flows, and what you are trying to unlock. We will tell you how we would structure and place it.