Senior, structured,
and patient.

Private credit at Kaistone is approached as an underwriting discipline, not a yield-chasing one. The firm underwrites to the cash flow that services the loan and accepts lower headline yields in exchange for genuine downside protection and structural seniority.

Approach

Each loan is structured around maintenance covenants, reporting requirements, and step-in rights that are designed to be enforced. The credit platform is not a passive holder. Engagement with sponsors, operators, and other capital-structure participants continues through the life of the loan.

Forms

The firm originates senior secured loans to middle-market sponsors and operators with a real cash-flow profile and a clear use of proceeds, asset-backed and receivables-backed structures where the collateral genuinely supports the loan, and strategic situations where speed, flexibility, or active engagement create a meaningful edge.

Discipline

The firm is selective and structurally conservative. Vehicles are matched to the opportunity and to the investor base. Position-level reporting and direct engagement with the team underwriting the work are standard for the firm’s investor partnership.

Private credit activities are conducted through the firm’s asset-management arm. Specific vehicles and management entities are disclosed in the relevant offering documents.