Transaction-backed credit
Capital advanced against a specific commercial transaction with an identifiable repayment source. Security typically drawn from the underlying contract, receivable or inventory.
Transactions
Structures, not products.
How SAWYERR transactions are typically constructed, and what a completed transaction record contains.
Transaction structures
Six ways capital is deployed.
01
02
Asset-backed finance
Capital secured against physical assets held through the term. Title, insurance and inspection rights form the protection.
03
Equipment acquisition and lease
SAWYERR acquires the productive asset and leases it to the operating business. Title remains with SAWYERR until agreed terms are met.
04
Equity acquisition
Purchase of a controlling or strategic stake, with governance rights and a defined value creation plan.
05
Joint venture
Capital and expertise combined with an operating partner under a defined ownership and economics split.
06
Structured capital
A combination of debt, preferred equity, ordinary equity, warrants or revenue participation, designed around the transaction economics.
Investment case study
Agricultural asset-backed transaction.
A representative transaction structure. Counterparty details are confidential.
| Transaction type | Asset-backed private credit |
|---|---|
| Sector | Agriculture and livestock |
| Duration | 104 days |
| Use of capital | Acquisition, management and resale of physical commodity inventory |
| Security and controls | Underlying physical assets, transaction capital held separately from operating funds, monthly written reporting |
| Repayment source | Proceeds of sale into an identified buyer network |
| Alignment | SAWYERR economics rank behind the capital partner's return |
| Exit | Capital and return remitted together at maturity |
Track record
What we publish, and what we do not.
SAWYERR publishes transaction case studies once a transaction has concluded and confidentiality permits. Each records the opportunity, the capital problem, what the analysis found, how the transaction was structured, what was executed and what the outcome demonstrated.
We do not publish assets under management, internal rates of return, portfolio size or investor returns that have not been realised. Figures appear here when they are real.
Opportunity
What was presented, and by whom.
Analysis
What diligence found, including what it ruled out.
Structure
The instrument chosen and why.
Outcome
What happened, and what the transaction demonstrated.
Bring us a transaction.
We assess opportunities on underlying economics, structure and risk.