Periodic commentary on structured credit, private markets, and institutional capital structuring. Written by practitioners, for qualified counterparties.
US mid-market direct lending is no longer a frontier asset class. For LATAM family offices and asset owners, the structural questions of 2026 are not whether to allocate, but how to access without sacrificing documentation discipline.
Isolation is not a label on an organogram. It is a set of enforceable mechanics that decide whether one failure stays contained or travels through the entire structure.
Every serious transaction begins with one question: is the capital real, and can it be independently confirmed? What counts as credible evidence, and what only wears the costume of it.
Tax exposure, regulatory perimeter, and documentation discipline shape how capital moves between jurisdictions. The structures that survive scrutiny were not improvised. They were engineered.
What an SBLC is, what it is not, and how to tell a financeable instrument from a leased or unverifiable one.
The vehicle should serve the strategy. Matching structure to objective, jurisdiction, and governance.
Distribution is limited to qualified counterparties, family offices, and institutional partners.
Request Subscription