Independent Private Credit Advisory
Capital for complex situations.
We advise established businesses across Asia-Pacific on senior secured, asset-backed and trade finance debt. We structure the facility, prepare it for credit review and negotiate it through to drawdown.
The problem
Most financings fail on preparation, not on merit
Capital is not scarce. What is scarce is a requirement presented in a form a credit committee can underwrite. Four things decide whether a facility exists, and they are usually settled before a lender is ever approached.
- Repayment sourceWhat actually repays the facility, and whether that source can be evidenced and controlled.
- Security availableWhat collateral or contractual support exists, and whether it can be perfected and enforced in the governing jurisdiction.
- Cash flow profileWhen cash arrives, how reliably, and whether it covers the service profile being proposed.
- Purpose and timingWhat the money does, and the date by which it has to be there.
- Together, these produce a proposed facility structureFacility type and size, tenor and amortisation, security package, advance rates and controls.
Capabilities
What we arrange
Facilities of US$10m to US$50m, secured on assets, receivables or contracted cash flow.
Refinancing and extension
Replacing or extending existing bank facilities, including short-dated lines moved into longer-dated private credit.
Working capital and borrowing base
Revolving facilities sized against eligible receivables and inventory, with controlled collections.
Trade and commodity finance
Import and export letters of credit, inward bills, pre-export and inventory finance against documented flows.
Acquisition and capex debt
Senior facilities for acquisitions, integration and growth capital expenditure at established businesses.
Asset-backed lending
Facilities secured on receivables, inventory, equipment and fixed assets where the collateral is enforceable.
The engagement
What an engagement produces
An engagement is commissioned work, not an introduction service. These are the things that exist at the end of it which did not exist at the start.
A financing assessment
What repays the facility, what is missing from the file, and an honest view on whether the requirement is financeable as presented.
A proposed structure
Size, tenor, security and repayment mechanics, with the commercial trade-offs of each choice set out.
A lender-ready credit narrative
The written case a credit committee reads, and the information pack behind it, prepared before the first lender conversation.
A targeted lender strategy
A named list, with the reason each lender is on it and evidence of what they take, at what size.
Comparison and negotiation
Offers compared on the terms that matter, and the negotiation run on your side of the table.
Coordination to drawdown
Diligence, documentation, conditions precedent and funding, managed through to the money arriving.
Evidence
Situations worked on
The situations below were undertaken by members of the KentRidge team. Certain situations have been anonymised for confidentiality.
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Trade and commodity finance
Working-capital and trade-finance facilities supporting cross-border agricultural commodity flows.
Undertaken by a member of the KentRidge team prior to the firm’s founding
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Corporate refinancing
Short-dated bank lines extended into longer-dated private credit for established operating businesses.
Undertaken by a member of the KentRidge team prior to the firm’s founding
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Acquisition and expansion finance
Senior-secured acquisition, integration and working-capital facilities for established companies.
Undertaken by a member of the KentRidge team prior to the firm’s founding
Next step
Discuss a financing
Send the size, the sector, the security available and the repayment source. We will come back with a view on structure, the lenders it is likely to suit, and whether it is financeable as presented. That first conversation is not chargeable and commits you to nothing.
Capital providers: our transaction focus.