Multi-Asset Platforms
Programmatic capital, not one-off deals.
Turn scattered, asset-level lending into a lender-grade, scalable capital program that investors can underwrite and grow into.
STIDE works with multi-asset sponsors, platforms and regional holding companies to design and execute clean, repeatable capital structures. We reshape overlapping facilities, tangled security and ad-hoc covenants into a coherent program that banks and private credit funds can support at size.
Who this is for
You are not raising for a single asset. You are building a platform that needs capital to follow your growth, not fight it.
Multi-asset sponsors
Platforms juggling different lenders, maturities and structures across assets, projects or business lines.
- Mixed recourse / non-recourse across the group
- Security and guarantees granted piecemeal
- No single view of the debt stack or headroom
ASEAN / regional groups
Holdcos with operating companies across markets, each financed locally with little coordination.
- Different bank standards in each country
- FX, cash trapping and intercompany leakage
- Difficult to present a lender-ready “platform story”
Sponsors seeking serious capital
Owners who want to graduate from small bilateral lines into anchor facilities and programmatic capital.
- Need a flagship facility that others can follow
- Want cleaner IC-grade documentation and monitoring
- Value a long-term capital relationship, not a quick win
Typical problems we fix
Most platforms are not under-performing because the assets are weak. They are under-performing because the capital structure is messy.
Fragmented, asset-by-asset funding
Each asset financed in isolation, with no plan for scaling or refinancing at the platform level.
- Overlapping security and inconsistent guarantees
- Mismatched tenors vs. asset life and strategy
- Hard to explain the story to new lenders
Opaque covenants & reporting
Different lenders ask for different covenants, definitions and reporting formats.
- Covenant calculations are manual and error-prone
- Waivers handled reactively, not by design
- No single source of truth on compliance
No “program” for new assets
Every new project triggers a fresh negotiation, fresh documents and fresh credit work.
- No pre-agreed rules for what qualifies
- No documented path from equity cheque to funded asset
- Origination outruns available balance sheet
What STIDE actually does
We design and execute a lender-grade capital program around your platform – not just “raise a deal”.
Platform-level capital blueprint
We map your assets, entities, debt stack and growth plan, then design a target-state structure that lenders can scale into.
- Group, holdco and asset-level funding roles
- Target facility types (term, RCF, warehouse, ABS)
- Refinance and upsizing pathways over time
SPVs, waterfalls & risk allocation
We re-engineer SPVs, security packages and cashflows so lenders can see where they sit and how they get paid.
- Clean security & guarantee maps
- Waterfalls, reserves and escrow logic
- Aligning terms across existing and new lenders
Covenant framework & monitoring
We design covenant sets, KPIs and monitoring packs that are tough enough for lenders but workable for management.
- Standard covenant definitions & tests
- Central reporting calendar and pack templates
- Trigger, waiver and amendment playbooks
How the program is built
Four phases. Each with clear outputs your board and lenders can actually use.
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1
Diagnose & blueprint
We map your current structure: entities, facilities, security, cashflows and covenants. You get a blunt view of risks, constraints and options, plus a target-state capital blueprint for the platform.
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2
Design structure, security & waterfalls
We turn the blueprint into concrete structures: SPVs, term sheets, security packages and waterfall mechanics. This includes lender-grade diagrams, term summaries and impact analysis for existing lenders.
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3
Anchor lenders & execute
We identify and engage suitable banks and private credit funds, refine terms against real risk appetite, and run the grind of credit, documentation, conditions precedent and closing – with you in control of key economics.
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4
Steward, monitor & scale
Once live, we help you run the covenant and reporting regime, onboard new assets under the program rules, and prepare for upsizes, refinancings or additional tranches as performance is proven.
What you get out of this
Not just a deal. A platform that serious capital can support and grow with.
For sponsors & management
- Single, coherent story for lenders and investors
- Cleaner, more predictable cashflows to equity
- Less time firefighting covenants and waivers
- Clear playbook for adding new assets and projects
For lenders & capital providers
- Transparent risk position and enforcement path
- Standardised structures and documents across deals
- Consistent covenant tests and reporting packs
- A credible partner on the ground to manage execution and monitoring