Readiness check

Gaps checklist

• Confirm the asset sits in one of the six classes we arrange.
• State the asset value.
• Describe how the asset generates cash.
• Reduce leverage: debt plus the raise should not exceed 70% of value.
• State how much you want to raise.
• Resolve title issues or charges over the asset.
• Commission an independent valuation (within 12 months).
• Prepare audited accounts for the asset or holding entity.
• Increase contracted revenue to at least 50%.
• Set up a special purpose vehicle to hold the asset.

Illustrative structures

• Senior note: Secured first on the asset and its cash flows; lowest return, first to be repaid.
• Mezzanine note: Ranks behind senior debt; higher return for taking more risk.
• Fund units: Investors own a share of a vehicle holding one or more assets; returns follow asset performance.

Illustrative only. Not a recommendation.