Investors
Origination and investment agreements
The agreement sets out the criteria under which a firm commissions Alter5 to originate transactions. Alter5 originates, analyses and presents those that match; the investment decision rests with the firm.
Scope of the agreement
The agreement uses the same fields as the criteria registration. Distribution is limited to what matches them.
- Product
- Corporate debt, project finance, project sales and bond issuance.
- Size
- Ticket range per transaction and annual underwriting capacity.
- Currency
- Euro, pound sterling, US dollar or others.
- Tenor
- Minimum and maximum, stated in years.
- Geography
- Countries in which the firm invests.
- Position in the structure
- Senior, junior, unitranche or equity.
- Sector
- Sectors as stated. Where none are stated, all of them.
- Project stage
- Development, construction or operation, in project finance and project sales.
How the agreement works
The agreement is defined with the origination team. The screens show the flow as presented on the platform.
- STEP 01
Defining the agreement
The firm states the criteria that determine which transactions are presented to it: product, minimum and maximum ticket, annual underwriting capacity, currency, tenor, geographies, position in the structure, sectors, project stage and EIF guarantee. Where no sector is stated, all of them.
The same fields as the criteria registration.
- STEP 02
Active agreement
The agreement is recorded with a reference, the registration date and the contact within the origination team. Criteria may be amended at any time; the change applies to subsequent transactions.
Sharing criteria creates no obligation to invest.
- STEP 03
Matching transactions
Alter5 originates and analyses each transaction before presenting it. The firm receives only verified transactions that meet every criterion of the agreement, at the stated alert frequency.
No transaction is presented without prior verification.
- STEP 04
Anonymised summary and documentation
Each transaction is presented with an anonymised summary: sector, geography, size, tenor, structure and key figures. The full documentation (filed accounts, financial model, business plan and term sheet) is provided after the NDA for that transaction.
The borrower's identity is disclosed after the NDA.
- STEP 05
Decision
The firm records its position on each transaction: indication of interest, term sheet or reasoned rejection. The reason for rejection is incorporated into the agreement and refines subsequent presentations.
The lender grants the loan following its own analysis.
- STEP 06
Agreement monitoring
The agreement dashboard shows transactions presented, those under analysis, term sheets issued and closings, with the event log for each. The origination team remains in contact at every milestone.
Visibility of the agreement without follow-up calls.
Screening criteria
The lender's own credit analysis is neither replaced nor performed on its behalf.
- Identity, ownership and standing of the borrower.
- Financial history rebuilt from the filed accounts.
- Financial model built by Alter5.
- Structure tested against the use of proceeds.
- Sector context drawn from Alter5's own Sector Monitor.
Contact request
The agreement is defined with the origination team, which records the firm's criteria and confirms which live transactions match them.
Sharing investment criteria creates no obligation to invest and constitutes no offer on the part of Alter5. Alter5 originates, prepares and distributes the transaction. The lender grants the loan following its own analysis.
Investment criteria
Twelve fields across three screens. Distribution is limited to what matches them.
These pages are addressed to financial institutions, institutional investors and professional investors. Nothing on them constitutes investment advice, a recommendation, or an offer to subscribe or acquire any financial instrument.