Capital Stack
Structures Selected Asset by Asset
Not every project will use every instrument or layer. Capital structures will be selected according to asset risk, development stage, income stability, leverage capacity, investor mandate and exit strategy.
01Senior debtBank or private credit, asset or portfolio secured
02Mezzanine or structured debtGap capital where senior leverage is constrained
03Preferred equityDownside-protected participation in development risk
04Co-investmentSelective LP or strategic partner participation per asset
05Fund equityFund I and Fund II common equity
06Portfolio refinancingStabilised-asset recapitalisation and bond routes
Instrument sizes, tenors, pricing, leverage levels and structural features are indicative and subject to legal, tax, regulatory and lender confirmation.
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