Comprehensive Solutions for Private Credit
TRADING
Decades of Private Credit Experience
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.
With over 15 years of trading relationships with many of the largest investors in the private credit market, we provide unmatched, credit-intensive analysis to help clients make well-informed decisions. Our operations team ranks 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
Pricing Agreed
Marketing Materials Prepared
Marketing Begins
Buyer Identified
Negotiations
Settlement
Assets Traded at StoneCastle
Explore our range of services designed to help you move forward with confidence, wherever you're headed next.
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Leases and pass-through notes
Trust certificates
Credit linked notes
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Traditional private credit: secured, senior unsecured and other corporate credit
European corporates, both dollar and non-dollar
Equipment finance/EETC’s
Infrastructure/project finance (renewables, toll roads, pipelines, other)
Credit tenant leases
Sale-leasebacks/CTL’s
Structured finance/esoteric ABS
Emerging market corporates
Taxable municipals
Bank loans
Less-liquid and illiquid 144As
Securities ranging in credit quality from AAA to workout situations / distressed
Where Complex Transactions Find the Right Investors
CAPITAL MARKETS
We maintain strong relationships with insurance companies and other institutional investors that are willing to accept some reduced liquidity in exchange for enhanced yields. This gives us a clear, practical understanding of their investment parameters. Paired with our boutique scale, that insight allows us to efficiently connect issuers with the investors best suited to their transactions.
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.
Our specialties include:
Reg D Private Placements
Credit Tenant Leases
Project Finance
Equipment Leases
Back Leverage
Feeder Funds
NAV loans
Distressed credit
Other Services
VALUATION SERVICES
Independent Valuation for Illiquid Credit Instruments
StoneCastle is a leading provider of pricing solutions for private credit, including Reg D Privates and other illiquid credit instruments. Leveraging our active participation in the secondary private credit market we offer tailored, first-class portfolio solutions supported by exclusive, proprietary data on actual trading activity. Combined with direct market feedback on individual credits, our insights deliver a depth of pricing intelligence that reflects real-time market conditions.
Data Input
Research Credit Reviews
Trader Input
Pricing Review Meeting
Price & Produce Customer Reports
StoneCastle’s pricing methodology combines “ground-up” fundamental credit analysis, real market trading activity and feedback from a secondary trading desk actively facilitating transactions across the private credit market.
Our research-driven approach to trading drives valuations and marketing
Provide daily, monthly or quarterly pricing valuations on over 1,000-line items for over 20 individual clients
Utilized by many clients to identify value and assist with portfolio acquisitions and dispositions
Private placement universe exceeds 3,500 unique issuers referencing over 15,000 individual PPNs/CUSIPs
Extensive database and knowledge of proprietary trading activity, new issue data, transaction documentation, and client feedback
Precise Settlement for Complex Credit Transactions
SETTLEMENT SERVICES
StoneCastle Settlement Services provides clients with an experienced partner focused on completing each contracted service accurately and efficiently. Our processes have been refined over years of hands-on settlement work across complex and less-liquid credit instruments, reflecting a disciplined approach and close attention to detail.
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