Four principles. Non-negotiable.
These principles govern every investment decision, from initial sourcing through final exit. They are not aspirations — they are operational guardrails.
Capital Preservation
We underwrite to absolute downside, not relative benchmarks. Every position is engineered to return capital first.
Process Over Promise
A 48-point diagnostic, independent legal review, and IC approval gates every deployment — irrespective of conviction.
Aligned Incentives
GP commitment, hurdle rate, and catch-up & carry structured so investors are paid before sponsors.
Radical Transparency
Independent trustee, custodian, auditor and quarterly NAV reporting. No exceptions.
A boutique with institutional infrastructure.
We pair the agility of a focused team — five investment professionals, decades of combined experience — with the governance stack of a tier-one institution. The result is fast, decisive capital allocation backed by uncompromising oversight.
Where complexity creates opportunity.
IBC resolutions, balance-sheet restructurings, bridge financings, and bespoke private credit instruments — situations the traditional debt market cannot price, but which compensate disproportionately when underwritten correctly.