Chapter I
Strategies
Three strategies, one common discipline.
Every vehicle is built to the same standard — formal investment committees, real collateral, robust documentation — and adapted to the risk profile and time horizon of the capital that backs it.
Private Credit
Direct lending, mezzanine, and structured credit for Peruvian mid-market companies.
Business model
We originate, structure, and administer private credit transactions for companies with consolidated cash flows that need flexible capital for growth, refinancing, or ownership transition. Portfolios are built around real collateral, explicit covenants, and monthly investor reporting.
Key activities
- Direct lending secured against operating cash flows and real assets
- Mezzanine and subordinated debt with upside participation
- Structured credit and asset-backed transactions
- Refinancing, capex, and management buy-outs of Peruvian companies
- Ongoing monitoring, governance, and institutional reporting
Real Estate
Mezzanine and equity LP positions alongside established Peruvian developers.
Business model
We co-invest with local sponsors with a proven track record in residential, office, and industrial assets, prioritising projects with permits in place, consolidated locations, and verifiable absorption models. Every investment is structured with real collateral and a combined loan-to-value below 75%.
Key activities
- Mezzanine with first-lien mortgage or cash-flow assignment collateral
- Equity LP positions in SPVs alongside established developers
- Co-financing of projects with permits and demonstrated absorption
- Waterfall, hurdle, and GP catch-up structuring
- Technical, financial, and compliance oversight of each project
Special Situations & SPVs
Bespoke transactions under a deal-by-deal sponsor model with GP co-investment.
Business model
We structure single-purpose vehicles for specific opportunities that do not fit an open-ended fund — bridge financing, leveraged acquisitions, restructurings, ownership transitions. Each SPV gathers between four and ten LPs aligned with the particular thesis, and the GP co-invests to ensure alignment.
Key activities
- Bridge and transition financing
- Acquisitions, MBOs, and secondary buy-outs
- Financial and operational restructurings
- Portfolio and non-core asset acquisitions
- GP co-investment in every transaction
Let's talk
Considering a mandate or an opportunity?
We are available to discuss capital mandates, co-investments, and specific opportunities within the strategies described above.