Investment size of between R50m to R225m and tenor 4 – 7 years.
Regular cash distributions in the form of interest payments, and self liquidating equity upside on maturity providing a definitive exit.
Contractual returns with equity upside and enforceable downside protection which includes security package, financial covenants and equity cushion.
Comprehensive due diligence, security package, financial covenants, active monitoring and governance through board observers ensuring downside protection.
Exits achieved mainly through senior debt refinancing after EBITDA growth and de-gearing of investee company.
