| - Locked for 5–7 Years: Full principal and interest only upon loan maturity.
- Syndication Delays: Selling participations can take months, with complex negotiations and regulatory paperwork.
| - Secondaries Tab: Place firm or indicative orders; trades settle by direct transfer between buyer and seller.
- Sell What You Hold: Register a holding to list shares you own; the order book shows bids, asks, and the spread so you can price your exit.
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| - High Barriers: Syndicated loans and private-debt funds often impose high minimums, limiting diversification for smaller investors.
- Concentrated Exposure: Large minimums force you into single-asset or single-sector bets.
| - Minimums Shown on Every Offering: Each raise lists its minimum—spread capital across offerings to limit concentration risk.
- Scaled Participation: Pledge across several raises with varied borrowers, collateral, and industries to build a diversified portfolio.
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Price Discovery & Transparency | - Opaque Pricing: Broker-driven OTC trading often comes with wide bid-ask spreads.
- Delayed Information: You rely on quarterly servicer reports or broker updates to gauge loan performance and collateral depreciation.
| - Live Order Book: Live bids and asks, a reference price, and the spread are displayed, providing clear price discovery.
- On-Chain Transparency: Asset pages show on-chain details, price and valuation charts, and a Data Room with files and edit history—no waiting.
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Risk Management & Reporting | - Fragmented Data: Performance metrics, default remediations, salvage valuations scattered in spreadsheets—costly to consolidate for audits.
- Reactive Alerts: You learn about deteriorations only after regulators intervene or servicers inform you.
| - Price Alerts & Clear Reports: Set price alerts on assets you follow, and use Reports to review account value, income, realized and unrealized P&L, and total return—so you can act early.
- Documents on Record: Download account documents from Reports and review each asset’s Data Room files and edit history.
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Offering Terms & Structure | - Fixed or Floating Sit on Book: Coupon resets occur only at scheduled intervals, and terms are hard to compare across deals—reducing flexibility as rates change.
- Constrained Structures: Limited to straight debt or simple CLOs—no dynamic curves.
| - Key Terms Shown on Each Offering Page, Up Front: Review price per share, minimum investment, and close date before you pledge.
- Non-Binding Pledges: Pledging is non-binding and nothing is collected; you subscribe only if the raise hits its minimum.
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