Private Credit
Flexible credit grounded in cash-flow durability, asset value and structural protection.
Earn the return through underwriting.
Private credit can provide companies and asset owners with speed, certainty and structures that public or traditional lending markets may not offer. That flexibility is valuable only when supported by disciplined underwriting and enforceable protections.
We assess the borrower, the asset, the full capital structure and the practical path to repayment. Our focus is on identifying the sources of resilience, the triggers that could impair value and the structure needed to preserve options in a downside scenario.
We consider both performing and complex situations, with the aim of being a constructive lender and a reliable counterparty.
Certainty for the borrower. Clarity for the investor.
A strong credit partnership requires early transparency about the business plan, liquidity needs and possible points of stress. We structure around those realities rather than around a standard term sheet.
When circumstances change, speed and informed judgement can protect both enterprise value and principal.
Discuss an opportunityHow we pursue the opportunity.
A consistent framework adapted to the economics and risk profile of the strategy.
Cash-flow focus
Underwrite the durability, timing and concentration of free cash flow.
Asset coverage
Assess collateral value, liquidity, legal enforceability and control pathways.
Structural seniority
Use covenants, amortisation, security and information rights to protect capital.
Relative value
Compare risk across public, private and asset-backed alternatives.
Scenario discipline
Model operating, refinancing and recovery outcomes rather than a single base case.
Constructive engagement
Work with owners and management to address issues before value is impaired.
Where we are looking.
We seek credit opportunities where structure and selectivity matter more than market beta.
Direct lending
Senior and unitranche capital for established companies and sponsor-backed transactions.
Asset-based finance
Credit supported by contractual cash flows, receivables, equipment, property or other assets.
Special situations
Capital for dislocations, transitions, refinancings and time-sensitive complexity.
Structured credit
Bespoke risk-return exposures created through disciplined structuring and collateral analysis.
Partnership begins with the real operating context.
Discuss an investment, partnership or institutional mandate with the JBK Caan team.
Start a conversation