“Goodnight Mr. Bond” | David Yarrow, Photographer | London

—with permission—

Funds

Private Debt:

Summary | Funeral Services Industry

  • All loans required to be held on book long term | No flips to secondary markets

  • Floating rates from P+1.75%-to-2.5% + fees & periodic floor rates

  • Case-by-case, profit participation upon borrower resale or refinance

  • Discounted purchases of default loans

  • Same C-Suite asset management team from inception

Differentiator: Asset management experience derived from long-term, on-book holdings

There is no other U.S. industry lender with our AUM experience & tenure.

$350M

Total AUM Experience

3 Funds | 144 Borrowers | Kept on Book | Long-Term Same Borrower Experience, Includes Loan Renewals & Extensions | Same Team as Current

LOSSES:

61 BPS/Avg/Yr

Includes excess losses from fire-sales of loans to pay off lender-participant banks during the Great Recession. Excludes related extraordinary legal and administrative costs.

Total principal losses amounted to 5.05% of the total original balance of the three funds combined.

61 BPS Average Losses Per Year is 59% less losses than reported C&I loans over same period per FDIC.