We anticipate that most investments will fall within the following criteria,
however we will opportunistically evaluate deals that fall outside of this range
Loan | $5-50 million |
Tenor | Typically 2-5 years depending on credit quality and cash flow visibility |
Revenue | $10-200 million |
EBITDA | $2-20 million |
Geography | Primarily focused on US borrowers but we will consider opportunities in Canada and Western Europe |
Security | Secured (either 1st or 2nd lien) by asset values and/or cash flows that are contractual or recurring in nature |
Covenants | Tailored to the situation to be proactive and reasonable (typically based on EBITDA, liquidity, and/or operational milestones) |
Governance | Actively engaged through board seats / board observation rights |