Insights
Notes from the desk.
Short, opinionated pieces on cross-border lending, currency risk, trade corridors and the private credit market. Written by the people who run the mandates, not by the marketing department.
Private credit · 3 min read
The new geography of yield: why private credit went global
Private credit started as an American middle-market product and has quietly become a global asset class with views on European companies, Gulf infrastructure and everything in between. Notes on what changed.
Read the note
02
The quiet return of cross-border senior debt
After two years in which banks retreated from anything with a foreign postcode, cleared lenders are writing cross-border senior debt again. The terms have changed, and so have the questions they ask.
03
Currency risk is a boardroom question, not a treasury footnote
Most cross-border businesses manage currency risk the way people manage health insurance: enthusiastically, after something goes wrong. A note on where exposure actually starts, and what a decent policy looks like.
04
Trade finance corridors: where the money actually moves
Talk about trade finance tends to be global. Actual business runs along a few dozen corridors, each with its own banking habits, document culture and credit quirks. A short tour.
05
Raising development finance across three jurisdictions at once
A worked example from the desk: one sponsor, two schemes and a bridge facility, three legal systems. What the lenders asked for, in what order, and where the deal nearly died.
06
What lenders really ask for when the borrower is offshore
A due diligence checklist that has survived several hundred cross-border mandates. Not the one in the lender's brochure; the one their credit committee actually works from.
Reading is cheaper than learning the hard way
Or skip to the conversation.
If one of these notes described your situation, the desk is a phone call away.