KEY BENEFITS:
Attractive Yields: Higher returns than public debt
Consistent Cash Distributions: Steady monthly payout
Risk Mitigation: Collateral-backed opportunities, carefully selected
Diversified Exposure: Access private deals not available individually
Loan: Short term debt with a keen sense of opportunity in a financially distressed company
Strategy: Opportunistic | Hold Period: 2-4 yrs.
Projected Net Returns:
IRR: 18–25%
Equity Multiple: 2.0–3.0x
Preferred Return: 10-12%
Loan: Mezzanine debt for growth oriented middle market companies
Strategy: Value Add | Hold Period: 3-5 yrs.
Projected Net Returns:
IRR: 12–16%
Equity Multiple: 1.7–2.2x
Preferred Return: 8.0-9.5%
Loan: Senior secured direct loans to stable, established middle market companies
Strategy: Core | Hold Period: 4-6 yrs.
Projected Net Returns:
IRR: 8-10%
Equity Multiple: 1.4–1.6x
Preferred Return: 6-7%
Risk
Mitigation Strategy
Rising Interest Rates
We favor low to moderate leverage (<60% LTV), and often lock in fixed or capped debt.
Rent Control Policies
We invest in landlord-friendly states and thoroughly vet local legislation before entering a market.
Oversupply
We target metros with job/population growth and undersupplied submarkets.
Operating Costs / Insurance Spikes
Sponsors budget 5–10% annual escalators and secure multi-year insurance policies.