Reserve account and holdback sizing considers potential contingency funding needs, operating deficits, development delays, cost overruns, and cashflow timing mismatches.

Yes, we model downside scenarios, stress test key assumptions, assess break-evens, and determine potential impairment impacts across varied scenarios.

If critical risks like technology viability, execution team, or environmental factors cannot be sufficiently mitigated through diligence and structuring, we will let the deal go.

Diversification limits, industry/sector caps, and avoiding correlated risks prevents overexposure to specific projects. We also syndicate larger loans.

Earlier stage projects require tighter covenants, reserves, milestones and monitoring. As projects derisk, we can prudently relax strict provisions through refinancing or amendments.

Deal-specific oversight ranges from regular covenant and milestone compliance reporting to installing independent board seats, controls on spending, audits, and increased lender consent rights.

Typical covenants we require include maintenance of certain debt ratios, liquidity levels, profitability, milestone achievement, limits on distributions, insolvency triggers, and other controls aligned to risks.

Personal guarantees are considered based on loan amounts, perceived risks, sponsor strength, and whether collateral fully covers exposures. They provide an extra layer of protection on higher risk loans.

We utilize diversified capital stacks, cashflow waterfalls, reserves, milestones-based funding, and layered equity/debt tailored to the risk profiles of different investor classes.

We perform in-depth due diligence on the technical engineering, legal, financial, market, operational and execution risks involved to fully understand projects.