Layer 01
Borrower level
Internal loans secured by borrower assets, shares, receivables, and accounts — structured to support recovery in distress scenarios.
Approach
Discipline Without Theater
Capital structuring. Deployment discipline. Risk architecture.
Instrument Flexibility
Matching the Tool to the Deployment
WCP structures across the full instrument spectrum. Selection is driven by the characteristics of each deployment — asset profile, revenue structure, risk allocation, and timeline — rather than a fixed product menu.
- Bonds and notes — green, sustainability-linked, or conventional
- Private placements
- Term loans and revolving credit facilities
- Structured or hybrid instruments
- Participation rights with equity-linked features where appropriate
Capital Trajectory
Capital Trajectory
WCP's cost of capital improves as the portfolio matures and track record accumulates.
PHASE 01
Genesis
Initial capital raised through higher-yield instruments compensating investors for pre-validation risk. Terms prioritise speed and deployment capacity. Deal structures favour senior-secured positions with strong covenant packages and conservative LTV ratios. The objective: establishing the operational track record on which lower-cost capital depends.
Higher-yieldSenior-securedTrack-record-building
Deployment Discipline
Credit Standards
WCP operates an active credit process with authority to approve, condition, or reject internal lending requests regardless of commercial enthusiasm elsewhere in the ecosystem. It finances what is demonstrably viable — evidenced by:
- Operating track record (typically 3+ years of audited cash flow)
- Contracted revenues or secured offtake
- Credible projections supported by independent assessment
- A clear pathway to cash generation within a defined timeline
Every deployment requires demonstrated revenue visibility. All lending is secured — pledges over shares, charges over physical assets, assignment of receivables, account security, cash flow waterfalls, and sponsor support where appropriate.
Layered Protection
Three Layers of Capital Provider Protection
Layer 02
Portfolio level
Diversification across borrowers, asset types, and geographies prevents single-exposure dominance.
Layer 03
Structural level
WCP's obligations to capital providers are supported by the aggregate security interest in its internal loan portfolio — recourse across the entire asset base, rather than single-asset exposure.
Downside protection depends on architecture — structural, contractual, and governance mechanisms — not on individual transaction outcomes.
Green Capital Structures
Substance Over Label
Where a financing benefits from sustainability positioning, WCP supports structures aligned with market practice and the nature of the financed assets. For green financings: use-of-proceeds tracking via account segregation, EU Taxonomy screening where applicable, impact reporting, and external verification through Second Party Opinions where transactions warrant.
WCP raises conventional financing with equal capability where the instrument profile calls for it.
