Our Underwriting Approach

Origination & Screening

We source where we can underwrite to durable cash flows or asset values; early screens assess business quality, alignment, and take‑out paths.

We evaluate financials, collateral tapes, legal enforceability, and management governance to calibrate risk.

We align advance rates, covenants, amortization, fees, and triggers with asset volatility and cash flow durability.

We require frequent reporting, use early warning indicators, and stay actively engaged with operators and servicers.

Investment committee oversight and post‑mortems encode lessons learned; workouts aim to preserve value and optionality.