Private Credit

Structure is part
of the return.

We provide flexible capital where rigorous underwriting, contractual protection and bespoke design can create compelling risk-adjusted outcomes.

First American
Monily Funds

Investment philosophy

Private credit is most powerful when capital is shaped around the asset.

Our approach focuses on cash-flow visibility, collateral quality, covenant design, sponsor alignment and the practical path to repayment. We seek to price complexity intelligently rather than accept complexity indiscriminately.

Our investment lens

What we look for.

01Underwriting

Start with repayment

We assess recurring cash generation, downside cases and the sources of repayment before considering upside.

02Structure

Design for resilience

Seniority, covenants, collateral and information rights are considered as essential parts of the investment.

03Partnership

Move with clarity

We aim to deliver responsive, reliable capital while preserving disciplined terms and governance.

Capabilities

A focused set of strategies.

Mandates are evaluated case by case and remain subject to market conditions, investment criteria and applicable legal or regulatory requirements.

Direct Lending

Senior and subordinated solutions for established businesses and sponsor-backed companies.

Asset-Based Finance

Capital supported by identifiable assets, contractual receivables or diversified collateral pools.

Opportunistic Credit

Flexible solutions for transitions, dislocations and situations where certainty of execution matters.

Real Asset Credit

Financing across infrastructure, real estate and asset-intensive operating platforms.

“In credit, the quality of the structure can matter as much as the quality of the borrower.”

First American Monily Funds · Investment perspective

Structure is partof the return.