SCALED FINANCE

The office originates loans directly through longstanding relationships with regional operators, restructuring advisors, and sector-specialist intermediaries. It avoids broker-driven auction processes typical of sponsor-backed broadly syndicated loans. This direct origination model surfaces opportunities that carry complexity premiums—situations involving bespoke collateral, transitional businesses, or capital structures that fall below the minimum ticket size of large institutional credit funds.

SCALED FINANCE deploys permanent single-family capital rather than closed-end fund vehicles. It does not face capital deployment deadlines, redemption pressure, or the requirement to mark a public NAV. This structure allows it to hold loans to maturity through credit cycles without forced liquidations, and to accept longer-duration, less-liquid assets that conventional fund vehicles avoid for liquidity-matching reasons.

The firm focuses on senior secured loans, covenant-heavy bilateral agreements, structured mezzanine, and select special situations credit. It favors asset-backed structures with defined collateral pools. Commitment sizes target the lower middle market, where complexity and structuring effort are rewarded with wider spreads compared to unitranche or broadly syndicated markets.

The office can and occasionally does participate in club-style bilateral or small-group lending arrangements, but it does not operate a co-investment platform or syndicate to other family offices. Its default posture is bilateral origination, giving it full control over terms, covenants, and workout processes.

The office is countercyclical in its deployment pattern, increasing origination when regional bank and BDC lending pulls back—typically during credit dislocations. Its permanent-capital structure means it can write commitments when credit spreads widen and conventional lenders retreat, capturing illiquidity premiums without capital call risk.