Investment Type:

PARTICIPATION

Investment Horizon / Maturity:

Open-ended

Return Profile:

7–9% p.a.

Total Offering Size:

30,000,000 EUR

Private credit strategy

Senior private debt fund vehicle managed by a specialist credit manager. The business is based on selecting, documenting and monitoring a diversified portfolio of private credit exposures. The main review points are underwriting discipline, borrower quality, valuation policy, diversification and redemption rules. Detailed numerical investment terms are kept in the structured fields.

Minimum Investment: 1,000,000 EUR

Distribution Mechanism: Fund distributions according to fund terms; redemption subject to liquidity rules.

Security / Protection Structure: Fund participation with diversified portfolio exposure

Early Exit / Redemption Terms: Periodic redemption windows subject to fund terms

Capital Return Mechanism: Fund distributions and redemption of participation

ISIN: Assigned

Investment Opportunity Status: ACTIVE

Transaction ID: II-25-308

Financial Performance

Revenue (current year): N/A – fund portfolio

Revenue (2 years ago): N/A – fund portfolio

Revenue (1 year ago): N/A – fund portfolio

EBITDA (current year):

EBITDA (2 years ago): N/A – fund portfolio

EBITDA (1 year ago): N/A – fund portfolio

Operating Profit (EBIT) (current year): N/A – fund portfolio

EBITDA Margin: N/A – fund portfolio

Balance Sheet & Leverage

Total Assets: 140,000,000 EUR

Equity: 130,000,000 EUR

Long-term Liabilities: 8,000,000 EUR

Short-term Liabilities: 2,000,000 EUR

Equity Ratio: 92.9%

Net Debt / EBITDA: N/A – fund portfolio

Total Liabilities: 10,000,000 EUR

Liabilities / Equity: 0.1x

Liabilities / Assets: 7.1%

Long-term Liabilities / Total Liabilities: 80.0%

Short-term Liabilities / Total Liabilities: 20.0%

Collateral Coverage

Value of Collateral: N/A

Collateral Coverage Ratio: N/A

Description of Collateral and Coverage: No single-asset collateral; portfolio-level protection comes from diversification, underwriting standards, monitoring and fund governance.

Use of Funds & Valuation

Use of Proceeds: Portfolio investment in senior private debt

Accepted Investment Currencies: EUR, USD

Ownership & Legal

Ownership Structure:

Fund investors hold participation interests; manager controls portfolio management.

Existing Financing: Portfolio-level facilities where applicable

Company Jurisdiction: Luxembourg

Business & Strategy

Company / Project Description: Private debt fund vehicle focused on senior private debt portfolio.

Revenue Generation Model:

Revenue from interest income and credit-related fees from portfolio investments.

Year Established: 2018

Number of Employees: 24

Brief History:

Manager has built institutional private debt strategy focused on senior secured lending.

Reason for Capital Raising:

Capital raising for portfolio deployment.

Core Business Activity:

Senior private debt portfolio management.

Company Stage: Active – subscription window open

Revenue Generation Model:

Revenue from interest income and credit-related fees from portfolio investments.

Detail

The opportunity concerns a private debt fund vehicle active in senior private debt portfolio. The business is built around selecting, documenting and monitoring a diversified portfolio of private credit exposures. It should be assessed as an operating business with defined commercial drivers, rather than as a generic financial product. The sponsor or manager is expected to demonstrate sector knowledge, control over execution, a credible reporting process and the capacity to manage the project through the full investment period. The commercial rationale is based on the practical economics of senior private debt portfolio. Revenue generation is expected to come from interest income and credit-related fees from portfolio investments. The investment case therefore depends on the quality of the underlying assets, the reliability of demand, the competence of the operating team and the ability to convert the business plan into measurable cash generation. Investors should focus on whether the assumptions are supported by contracts, market evidence, operating history and a realistic implementation plan. Capital is intended to support portfolio investment in senior private debt. The funds should be applied within the defined business perimeter and monitored through normal institutional reporting. For this type of opportunity, investors would normally expect clear use-of-funds controls, regular management information, budget monitoring, restrictions on material changes and a transparent approval process for major decisions. Where the structure involves a dedicated project vehicle or fund vehicle, the separation between the investment perimeter and the sponsor’s wider activities should be clearly documented. Execution risk is central to the assessment. The relevant diligence should cover management experience, asset control, customer or tenant demand, supplier and contractor arrangements, regulatory conditions, legal enforceability, insurance, reporting and the practical route to liquidity. A credible plan should explain how the business will be operated, which milestones must be achieved, how delays or cost pressure would be managed and what information investors will receive during the holding period. Investor protection should be analysed through the specific instrument and governance package. The current structure is described elsewhere in the dataset as fund participation, and the investor position should be read together with subscription documents, constitutional documents, reporting obligations, transfer restrictions, tax considerations and risk factors. The narrative intentionally avoids repeating headline financial terms, because those terms belong in the structured fields of the platform and in the formal documentation. The opportunity is intended for institutional review. It should therefore be presented as a business profile: what the company or vehicle does, why the project exists, how the operating model creates value and which commercial factors matter before an investment committee proceeds to deeper due diligence. The investor should separately review the financial model, legal documentation, management accounts, audit status, sensitivity analysis and all assumptions supporting the business plan. In practical terms, the strongest review questions are whether the specialist credit manager has sufficient execution capacity, whether the business plan is based on verifiable market evidence, whether governance rights are adequate for the risk profile and whether the exit or redemption route is realistic under conservative conditions. The opportunity should not be evaluated only on presentation quality; it should be tested against asset-level evidence, contractual documentation, management reporting and downside scenarios. This makes the description useful for screening while leaving formal investment terms to the structured fields and transaction documents. In practical terms, the strongest review questions are whether the specialist credit manager has sufficient execution capacity, whether the business plan is based on verifiable market evidence, whether governance rights are adequate for the risk profile and whether the exit or redemption route is realistic under conservative conditions. The opportunity should not be evaluated only on presentation quality; it should be tested against asset-level evidence, contractual documentation, management reporting and downside scenarios. This makes the description useful for screening while leaving formal investment terms to the structured fields and transaction documents.

Pro-forma & Transaction

Deal/Revenue: N/A – fund portfolio

Deal/EBITDA: N/A – fund portfolio

Deal/Equity: 0.2x

Structure & Terms

Capital Structure: Equity 92.9%, liabilities 7.1%.

Investor Ranking: Fund participant according to fund terms

Return Source Mix: Interest income, fees and fund distributions

Instrument: Fund participation

Financial Reporting:

Accounting Standard: IFRS

Audit Status: Fund financials audited

Data Room:

Audit:

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