A Legacy of Excellence in Private Credit
Established in 2010, StoneCastle Securities' Private Credit Team was built on the expertise of traders who have been active in the private credit secondary market since 1994. Our rigorous approach has shaped how private credit is traded, settled, and valued, positioning StoneCastle as a market leader with deep credit expertise and long-standing institutional relationships.
Explore Our Services
TRADING
Finding liquidity for Secondary Private Credit from Investment Grade to Distressed
The Private Credit team specializes in analyzing, marketing, trading, pricing, originating, and settling less liquid, primarily physical settlement, investment-grade and non-investment-grade securities.
Our operations team is among the most experienced in the industry, delivering the timely and efficient settlements that are critical to our clients’ success.
Client Call
Credit Instrument Discussed
NDA Signed
Documents and Financials Sent
Credit Analysis
Models Built
Marketing
Buyer Identified
Negotiations
Security Traded
Settlement
Assets Traded at StoneCastle
- Traditional private credit: secured, senior unsecured and other corporate credit
- Infrastructure / project finance (renewables, toll roads, pipelines, other)
- Dollar and non-dollar
- Sale-leasebacks / CTL's
- Equipment finance / EETCs
- Emerging market corporates
- Credit tenant leases
- Less-liquid 144As
- Structured finance / esoteric ABF
- Securities ranging in credit quality from AAA to workout situations / distressed
- Bank loans
CAPITAL MARKETS
Helping Issuers of Private Credit and ABF Find the Right Investors
StoneCastle has deep relationships with insurance companies and other institutional investors globally that are willing to accept some reduced liquidity in exchange for enhanced yields.
We work with issuers to find the best deal structure, best pricing and best clients to purchase their new issue Private Credit or ABF transaction.
Issuers often come to StoneCastle after being turned away by larger banks—typically because a transaction is considered too complex, too bespoke, or too small to justify overhead. These are exactly the situations we focus on. Whether foreign or domestic, investment grade or below, in any currency and at any size, when a transaction is thoughtfully structured and appropriately priced, we have the ability to place it successfully.
VALUATION SERVICES
Independent Valuation for Private Credit, ABF and Illiquid Assets
There is no “screen” to view most Private Credit prices.
Our valuations are informed by our extensive transactional experience in complex private credit markets and supported by exclusive, proprietary data on actual trading and new issue activity. Combined with direct market feedback on individual credits, our insights deliver a depth of pricing intelligence that reflects real-time market conditions.
As such, StoneCastle is a leading provider of pricing solutions for our private credit clients.
Data Input
Research Credit Reviews
Trader Input
Pricing Review Meeting
Price & Produce Customer Reports
The valuation providers in the Private Credit space are predominantly algorithmic pricers and data collectors. As such, their process is largely guess work and reliance on data collection from broker dealers who do not trade the asset class.
SETTLEMENT SERVICES
Fixing Settlement Problems for Clients
Our skills have been refined over decades of hands-on settlement of Private Credit Trades. Through our relationships with Clients, Issuers and custodial banks, we can help our clients with any settlement or re-registration difficulty.
Settlement Services
We work directly with clients to design settlement programs tailored to their specific requirements and individual challenges.
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Review existing paperwork
Prepare instruction letter to registration agent
Instruct custodian on destination and requirements for registration
Follow up with registration agent and custodian until completion of process
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Determine the reason for the claim
Prepare all paperwork needed for the claim
Use extensive contacts at the custodians/paying agents and counterparty to resolve claim
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Prepare all documentation for registration of portfolio
Coordinate with Custodian(s) on destination address(s) for registration
Follow up with registrars until the process is complete and verified
Follow up with custodians to ensure notes are registered in proper form
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End-to-end coordination of transactions
Organize trade processing and settlement
Follow up on completed transaction through registration of new owner
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Review existing paperwork
Prepare instruction letter to registration agent
Instruct custodian on destination and requirements for registration
Follow up with registration agent and custodian until completion of process
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Organize processing and settlement of entire Block
Prepare all documents needed to complete transaction
Coordinate with custodian all entries and deliverables/receivables for transaction
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Extensive Operations experience in all areas of Operations and Settlements
Review procedures and manuals
Workflow Analysis
Vender/Clearing and Custodial Management
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Prepare Operations Manual and Workflows
Consultation on systems
Operations reconciliation between customer accounting systems and their custodians.
Shadow posting reconciliation
3rd party account reconciliation
Private Credit Trading
Management and Operations
Our Team
Ready to work with us?
Connect with our team to discuss how we can help navigate your private credit needs.