• The most flexible type of financing offered by funds managed by CVI
  • It allows accepting risk beyond senior/junior debt financing. This is showed, among others in repayment sources, where in addition to cash flows, it is also possible to pay off by refinancing, or the sale of the entire company
  • This financing is usually provided for up to 5 years
  • It serves such purposes as investments, acquisitions, buyouts, recapitalizations, restructurings or project financings
  • It is allowed to partially capitalize interest (a “payment-in-kind” structure) and repay the whole at the end of the financing period
  • It is also possible to include variable payment based on growth in equity value, such as warrants or other capital instruments