Overview

Asset class Private credit
Asset type Asset-Backed Security
Loan Amount $45,000,000
Interest Rate 9.25%
Loan Term 60 months
LTV Ratio 85.0%
Risk Grade A
Funds
Mixed Strategy Credit Fund
Investment details

Portfolio Composition

Underlying Assets Equipment Loans
Diversification Multi-Industry
Credit Enhancement Senior/Subordinate Structure
Asset Class Equipment Finance
Credit Rating A (Estimated)

Portfolio Overview

Asset-backed security backed by a diversified pool of equipment financing loans across multiple industries.

Loan Details

Loan Terms

Principal Amount $45,000,000
Outstanding Balance $42,500,000
Interest Rate 9.25%
Loan Term 60 months
Origination Date Oct 1, 2023
Maturity Date Oct 1, 2028
Loan-to-Value Ratio 85.0%
Risk Grade A

Performance Metrics

Total Interest Earned $3,200,000
Expected Monthly Interest $327,604
Progress 38.2%
Days to Maturity 1128 days
Status Performing
Payment Frequency Monthly Principal & Interest
Loan Progress 38.2%

Updates

New acquisition

Oct 1, 2023

Asset-backed security backed by a diversified pool of equipment financing loans across multiple industries.

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Portfolio update: New preferred equity investment in the Nationwide metro area

Asset type

Asset-Backed Security

Asset-backed securities (ABS) are structured investment products backed by pools of underlying assets such as equipment loans, auto loans, or other receivables. These securities benefit from diversification across multiple borrowers and assets, credit enhancement structures, and professional servicing. ABS investments offer stable returns with reduced individual borrower risk.

ABS icon

Our strategy

Structured Credit Strategy

Invest in structured credit products backed by diversified asset pools with credit enhancement features

  • Expected variability of return: Low
  • Timing of expected return: Monthly or quarterly distributions
  • Primary expected source of returns: Interest income from underlying assets
  • Security: Diversified asset pool with credit enhancement
  • Typical structure: Senior/subordinate tranches with overcollateralization
More about our strategies

This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Structured strategy icon

Associated fund

Mixed Strategy Credit Fund

Open
Target Return 9.2%
Min Investment $2,500

A diversified approach combining real estate debt, corporate credit, and asset-backed securities for optimal risk-adjusted returns.

Fund Size $75,000,000
Committed $0
Available $75,000,000
Current Yield 9.4%