Private Debt
Private Debt
Direct lending to corporate borrowers and sponsors, arranged on a bespoke basis and managed as a distinct business line separate from our trade finance instruments.
Private debt activities are managed exclusively by Credit Glorious Property Holdings Limited, Hong Kong — Company No. 2644773, LEI 2549008OO9MWNARAI750, 50 Bonham Strand, Sheung Wan, Hong Kong. This business line is distinct from the trade finance instruments (standby letters of credit, documentary credits, bank guarantees, comfort letters, and contract bonds) offered by the UK entity.
Asset class
What private debt is
A non-bank source of credit for corporate borrowers.
Private debt refers to loans and credit facilities originated or held outside the public syndicated loan and bond markets. Rather than raising capital from public investors or a broad bank syndicate, a borrower obtains financing directly from a non-bank lender, typically through a bilateral or small club arrangement.
The asset class spans senior secured lending, unitranche and subordinated debt, and asset-backed structures. Because each facility is negotiated bilaterally, the terms, security package, and covenants can be tailored to the specific transaction rather than fitted to a standardized product.
Private debt is used to finance acquisitions, refinance existing obligations, fund working capital or growth, and bridge transactions ahead of longer-term capital. It is one of several channels through which corporates and sponsors can access credit without depending solely on the banking sector.
Our approach
Disciplined, bespoke underwriting
Senior secured and asset-backed lending, structured to the transaction.
Our approach centers on senior secured and asset-backed lending, structured on a bilateral basis and tailored to the underlying collateral and cash flows. We do not operate a standardized product shelf; each facility is built around the specific borrowing entity, its assets, and the purpose of the financing.
Underwriting is disciplined and conservative. We assess the borrower group, the quality and enforceability of the security, the transaction structure, and the relevant jurisdictional and compliance context. Every party is screened against applicable sanctions and integrity requirements before any mandate is taken forward.
Facilities are documented through bilateral loan agreements with negotiated conditions precedent, covenants, and security arrangements. We monitor each exposure for the life of the facility.
Who we serve
Corporates and sponsors seeking non-bank credit
We work with incorporated corporate entities and financial sponsors that require non-bank credit and can offer appropriate collateral or asset coverage. Typical situations include acquisition financing, refinancing of existing obligations, growth and working-capital funding, and bridge facilities ahead of longer-term capital.
All applicants complete know-your-customer and sanctions screening as a precondition to any substantive discussion. We do not provide financing to individuals, nor to parties that cannot satisfy compliance onboarding.
Process
A simple four-step process
From initial inquiry to funded facility.
- 01
Inquiry
A prospective borrower or sponsor submits a brief overview of the financing requirement, the borrowing entity, and the intended use of funds. We confirm whether the opportunity fits our mandate before any work begins.
- 02
Due diligence
We review the borrowing group, the collateral or asset coverage, the transaction structure, and the relevant jurisdictional and compliance context. Sanctions and integrity screening is applied to every party.
- 03
Term sheet
Where a mandate is viable, we issue a non-binding indicative term sheet setting out structure, security position, conditions precedent, and next steps. No fees are payable before a term sheet is countersigned.
- 04
Funding
On completion of documentation and satisfaction of conditions precedent, funds are advanced under the agreed structure. Ongoing monitoring is conducted for the life of the exposure.
FAQ
Private Debt: Frequently Asked Questions
Discuss your financing requirement
Share a brief overview of the borrowing entity and the intended use of funds. We will confirm whether the opportunity is within mandate before requesting further detail.