ASSET & WEALTH · FUND STRUCTURES
Private Credit
Fund Framework
The constraint in private credit is not raising capital. It is originating, documenting, and recovering it — so we build the lending institution for that: origination and underwriting, loan documentation and security, servicing and collections, borrower monitoring, and investor reporting, under a structure and liquidity profile your strategy can actually honour.
THE SPECIFICATION
Architecture & Audience
A private credit fund lends where banks will not, and is paid for taking risk banks have declined. Origination capability determines whether it deploys; underwriting determines what it holds; and workout capability determines what it recovers when a borrower fails — which some will. A structure with strong origination and no workout function is incomplete.
Lenders formalizing a proprietary book into a fund; specialists with corridor or sector origination that banks cannot reach; and family capital seeking yield through direct exposure rather than intermediation.
What We Deliver
A complete architecture, designed, launched, and managed
We design the fund structure, liquidity profile, and leverage arrangements that match your lending strategy and investor base. Structure determines whether the fund can honour its commitments under stress.
We establish the credit criteria, underwriting standards, and approval thresholds that govern every loan the fund makes. The policy is documented, auditable, and consistently applied.
We constitute the credit committee — membership, quorum, voting rights, and escalation paths — that provides governance over each lending decision. The committee satisfies regulatory and LP expectations.
We deploy the loan management systems required to track, service, and report on each position across its life. Interest accruals, covenant breaches, and repayment schedules are monitored continuously.
We implement the processes and systems that track collateral values and borrower covenant compliance on an ongoing basis. Breaches are identified early and escalated through the credit committee.
We establish a defensible methodology for valuing illiquid credit positions and determining impairment. The framework satisfies your auditor and LP expectations for a fund that holds assets banks declined.
We design the workout and recovery procedures that govern how the fund responds when a borrower defaults. The framework is built before it is needed, not assembled under distress.
We implement the investor verification and subscription process required to admit LPs compliantly. The process satisfies FATF standards and the due-diligence requirements of institutional allocators.
We deliver the periodic LP reports and regulatory submissions required across the fund life. Reports cover portfolio performance, covenant status, and impairment, produced to institutional LP standards.
What We Deliver
A complete architecture, designed, launched, and managed
We design the fund structure, liquidity profile, and leverage arrangements that match your lending strategy and investor base. Structure determines whether the fund can honour its commitments under stress.
We establish the credit criteria, underwriting standards, and approval thresholds that govern every loan the fund makes. The policy is documented, auditable, and consistently applied.
We constitute the credit committee — membership, quorum, voting rights, and escalation paths — that provides governance over each lending decision. The committee satisfies regulatory and LP expectations.
We deploy the loan management systems required to track, service, and report on each position across its life. Interest accruals, covenant breaches, and repayment schedules are monitored continuously.
We implement the processes and systems that track collateral values and borrower covenant compliance on an ongoing basis. Breaches are identified early and escalated through the credit committee.
We establish a defensible methodology for valuing illiquid credit positions and determining impairment. The framework satisfies your auditor and LP expectations for a fund that holds assets banks declined.
We design the workout and recovery procedures that govern how the fund responds when a borrower defaults. The framework is built before it is needed, not assembled under distress.
We implement the investor verification and subscription process required to admit LPs compliantly. The process satisfies FATF standards and the due-diligence requirements of institutional allocators.
We deliver the periodic LP reports and regulatory submissions required across the fund life. Reports cover portfolio performance, covenant status, and impairment, produced to institutional LP standards.
Infrastructure Selection
X-CHASE holds no commercial interest in any provider, assessing them strictly on live performance, structural fit, and renewal terms. Providers are named exclusively under formal engagement, never on a public website.