Senior investment judgement, with the decision kept by you.

A European bank held positions across hard-to-value trade-finance funds spanning multiple jurisdictions and hundreds of underlying companies, including side-pocketed and workout assets. It needed valuations its auditors could rely on.

We analyse the funds line by line, including the side-pockets, and build market-participant valuation models over the administrators’ NAVs, each asset banded by time-to-cash and execution risk, with bull, base and bear scenarios.

Our reports have supported the bank’s committees and been relied on by its external auditors each year: engaged in 2020, renewed every year since, the latest renewal at three times the original rate.

A US impact fund held a US$30m senior secured facility into Indonesia’s fourth-largest cocoa processor. Payments had been deferred; the lender needed independent ground truth, not another desk review.

We went to the factory: machinery, plant flow, hygiene and procurement, tested against our own cocoa-market analysis. Real operating capacity was about 25,000 MT against a 92,500 MT nameplate. We built a three-phase recovery plan.

An evidence-based view of what the asset can actually do, a workout roadmap in priority order, and a clear immediate action: secure the trade line first.