1. Origination and initial screening of transactions
2. Preliminary DD and financial modelling
3. Preliminary Investment Committee
4. Term-Sheet Negotiations
5. Full due diligence
6. Final Investment Committee
7. Deal execution
8. Ongoing monitoring & management
9. Exits (ie. either fully repaid from cashflows or a portion is refinanced with fresh cheaper debt)
1. Origination and initial screening of transactions
- Conflict clearance
- Signed NDA
- Materials received
- Initial assessment
2. Preliminary DD and financial modelling
- Review of materials
- Modelling
- Pricing analysis
- Indicative terms discussed
3. Preliminary Investment Committee
- Preliminary IC materials prepared
- Approval by Investment Professionals
4. Term-Sheet Negotiations
- Prepare terms sheet
- Agree terms
5. Full due diligence
- Documentation
- 3rd party due diligence driven by the team
- Preparation of IC papers
6. Final Investment Committee
- Presentation to IC for approval
7. Deal execution
- Clear any IC conditions
- Conclude legal agreements
- Finalise documentation
- Meeting Conditions Precedent
8. Ongoing monitoring & management
- Receipt of monthly management packs
- Monthly financial analysis
- Covenant monitoring
- Quarterly management meetings
- Review of annual audited financial statements
9. Exits (ie. either fully repaid from cashflows or a portion is refinanced with fresh cheaper debt)
- Self liquidating on maturity of the loan