We seek out situations where our structured financing alternatives can deliver needed growth-stage capital a lower cost than traditional venture capital or growth equity and allow our partners to avoid significant dilution at sub-optimal valuations.
We also target situations where venture loans and commercial banks are not viable options given the limited amount of debt-capital offered, near-term principal amortization, requirements for substantial liquidity post-investment, and the rigid criteria these lenders often focus on prior to extending credit.