Customized Solutions
Institutional Partnership Through Bespoke Investment Structures
Our Partnership Approach
Our strategies address market inefficiencies through proprietary technology, institutional credit discipline, and strategic capital allocation across cycles.
Collaborative Design Process
We begin each partnership with comprehensive discovery, understanding not just return objectives but also liquidity requirements, risk tolerances, regulatory constraints, and portfolio construction goals. Our team works directly with investors and their advisors to architect solutions that optimize for multiple dimensions—whether prioritizing current income, capital preservation, total return, or specific exposure parameters. This collaborative approach extends throughout the investment lifecycle, with regular communication ensuring strategies evolve alongside changing market conditions and investor needs.
Technology-Enabled Customization
Our proprietary deal sourcing and systematic underwriting platform provide the foundation for creating differentiated investment strategies. Unlike traditional managers limited to static portfolios, we can dynamically adjust parameters—geography, asset type, position in capital structure, duration, and leverage—to construct portfolios that precisely match investor specifications. This technology infrastructure processes over $1 billion in monthly opportunities, enabling selective deployment into only those investments that meet predetermined criteria while maintaining our disciplined underwriting standards.
Investment Structures
Separately Managed Accounts
For investors seeking dedicated portfolio management, we offer separately managed accounts that provide complete transparency and control. These structures enable customized investment guidelines, specific asset allocation parameters, and tailored reporting that integrates with existing portfolio management systems. Investors maintain visibility into every position while benefiting from our sourcing capabilities, underwriting expertise, and active asset management. Minimum commitments typically begin at $25 million, with fee structures aligned to reflect the dedicated resources required for bespoke management.
Co-Investment Opportunities
Select limited partners gain access to co-investment rights on specific transactions that exceed our standard allocation capacity or represent particularly compelling opportunities. These structures allow investors to increase exposure to high-conviction investments while maintaining the benefit of our underwriting, structuring, and asset management capabilities. Co-investment partners participate pari passu with our principal investments, ensuring complete alignment of interests. We typically offer co-investment opportunities on transactions exceeding $10 million where additional capital enhances our competitive position or enables us to capture the entire opportunity.
Joint Ventures and Strategic Partnerships
We structure joint ventures with institutional partners seeking to leverage our operational capabilities and technology platform for specific market segments or investment strategies. These partnerships might focus on particular geographic regions, asset classes, or credit strategies where combined capabilities create competitive advantages. Our role typically encompasses deal sourcing, underwriting, and asset management, while partners may contribute capital, market relationships, or complementary expertise. These structures have proven particularly effective in scaling into new markets while maintaining our disciplined investment approach.
Programmatic FI Forward Flow Relationships
For depository institutions with ongoing capital deployment needs, we develop programmatic relationships that provide consistent access to our deal flow within predetermined parameters. These forward-flow arrangements might focus on specific asset types, credit profiles, or return targets, with automatic allocation of qualifying investments up to agreed capacity limits. Programmatic structures benefit from streamlined execution, reduced friction costs, and the ability to capture time-sensitive opportunities without transaction-by-transaction approval processes.
Beginning the Partnership
The path to partnership begins with understanding your specific investment objectives and constraints. Our team will work with you to identify how Spectra's capabilities can be tailored to meet your needs, whether through existing strategies, modified approaches, or entirely bespoke solutions. We welcome the opportunity to explore how our technology platform, proven expertise, and flexible approach can help you achieve your investment goals in today's evolving private credit markets.
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