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Launched in 2019, Coromandel provides flexible, non-dilutive, growth-oriented asset-based lending solutions to specialty finance and technology-enabled businesses with predictable, recurring revenue. Financings range between 5 and 50 million dollars, typically with a 3-year term. Coromandel takes pride in its risk mitigation efforts that integrate risk management into investment process and portfolio construction.
- Advanced portfolio management
- Driving excess risk-adjusted returns
- Integration of risk management into investment process
- Deep fundamental credit underwriting expertise
Why private credit
Private credit is the direct lending into companies by non-traditional financial intermediaries. Unlike publicly traded debt, private credit is typically a customized financing solution to address specific needs of a buyout, refinancing, growth initiative, or project finance. Private credit structures span senior debt, unitranche, second lien, and mezzanine debt. Private credit aims to provide attractive risk-adjusted returns with current income and collateral for downside protection.
Private credit:
- Investors lend money to borrowers for a return (fixed or floating) generally without taking an equity stake.
- Differs from publicly traded credit or fixed-income investments due to illiquidity and consequently aims to deliver a higher relative return.
- Secured loans historically act as a hedge against inflation with its floating rate structure.
- Recent market uncertainty has led to spread widening, providing a compelling environment to deploy capital into private credit.
