Institutional Credit, Structured for Non-U.S. Investors.
Transforming contracted U.S. cash flows income into standardized, tax-efficient notes for non-U.S. institutions.
Non-U.S. institutional investors seeking direct exposure to U.S. contracted cash flows have historically faced structural challenges: withholding tax friction, limited access to senior-secured credit outside traditional fund formats, and the absence of a governance framework designed for their regulatory requirements.
PSG was built to address those challenges directly. Each transaction is structured around the contracted cash flow of the underlying asset, the credit quality of the obligor, and the specific requirements of the institutional counterparty. Notes are issued through bankruptcy-remote SPVs under applicable cross-border legal and tax frameworks, with independent trustee governance and payment mechanics fixed at issuance.
The result is a senior-secured fixed-income instrument that sophisticated non-U.S. institutional investors and asset managers can underwrite directly against contracted asset performance, without fund-level governance, manager discretion, or reinvestment risk.
PSG structures each transaction through a bankruptcy-remote SPV holding a first-priority security interest in the underlying contracted cash flows. Notes are collateralized by long-term U.S. net leases and renewable power purchase agreements with credit-quality obligors, with payment mechanics, trustee authority, and enforcement rights fixed at issuance.
Eligible non-U.S. institutional investors receive a fixed coupon backed by the contractual payment obligations of the underlying asset. There is no fund-level governance, no manager discretion, and no reinvestment risk. The investor underwrites the asset, the obligor, and the structure directly.
Notes are issued under applicable cross-border legal and tax frameworks designed for qualified non-U.S. institutional counterparties, with independent trustee administration and asset-level reporting throughout the life of the transaction.
Renewables Yield Notes
Senior secured notes backed by operational solar power purchase agreements under long-term corporate offtake—designed for ESG-aligned mandates and long-duration stability.
Net Lease Income Notes
Senior secured notes backed by long-term, credit-tenant triple-net leases across U.S. industrial and mission-critical assets—emphasizing predictable cash flow and clear protections.
Asset-Backed Credit Notes
Senior secured notes backed by contracted cash flows across the asset-backed securitizations market—spanning residential and commercial real estate, consumer loans, CLOs, small business, and select esoteric sectors—designed for tax-efficient, high-current income for qualified non-U.S. investors.