Our Strategy

We combine proprietary origination, disciplined underwriting, and active oversight to deliver flexible debt solutions for founder-led businesses in the lower middle market.

Integrated Approach

Origination

Proprietary deal flow via WraithIQ
Wraith Brokerage network access
Direct founder relationships

Underwriting

Cash-flow focused analysis
Covenant discipline
Founder-aligned structures

Monitoring

Active portfolio oversight
Operational support access
Exit-aware structuring

Risk discipline

Cash conversion

Focus on working capital efficiency and free cash flow generation

Covenant integrity

Maintain disciplined covenant structures aligned with business performance

Sponsor alignment

Ensure incentive alignment between all stakeholders

Exit pathways

Structure transactions with clear refinancing and exit options

How we decide

Founder alignment

Preserve founder control and operational flexibility

Structure transactions to support future strategic options

Align incentives through exit-aware covenant packages