● In development — sourcing

Data-center credit.

The same secured-lending discipline, applied to the infrastructure behind the digital economy: loans against data-center facilities, secured on hard assets with durable demand.

The thesis

Lend against the buildings that power computing.

Data centers are real, physical assets with long-term, infrastructure-grade demand behind them. As with our real-estate strategy, our role is the lender's: provide secured capital against the facility, hold a senior position, and be repaid on defined terms. It is the same model — secured debt against tangible collateral — extended to a sector with strong structural tailwinds.

How it works

A senior position on a hard, contracted asset.

Our senior loan
First-lien, secured on the facility.
Facility & infrastructure
Steel, concrete, cooling, switchgear — the hard collateral.
Power contract
Durable, multi-decade access to power makes the asset financeable.
Tenant credit
Creditworthy demand under long-dated agreements.
The shape of the loan
Our role
Lender. Secured debt to data-center developers and operators — not an owner-operator of the facilities.
Security
Secured on the facility — the physical asset and its infrastructure stand behind the loan.
What we underwrite
Power and tenancy are the keys — durable access to power and creditworthy demand are what make a facility financeable.
Loan profile
Larger, more concentrated positions than residential — underwritten with commensurate diligence and discipline.
Discipline
The same screen: senior position · conservative basis · concentration limits · independent oversight.
Why it extends naturally

The same lending skill, a larger canvas.

Once secured lending against real assets is proven, the discipline travels. Data centers offer the same fundamentals — tangible collateral, a senior position, identifiable demand — at greater scale. We extend here only as the firm earns the capacity to, never ahead of it.

The strategies

One discipline, applied in sequence.

We prove one strategy before extending to the next. Each earns the one that follows.

Detailed materials are private to qualified investors.

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In development

The same frame, different collateral.

Secured lending against digital infrastructure — preservation-first underwriting, applied to a new asset class.