{"pageProps":{"dealDetails":{"__typename":"Deal","id":"0x89d7c618a4eef3065da8ad684859a547548e6169","name":"Asset-Backed Pool via Addem Capital","dealType":"multitranche","category":"LATAM asset-backed multi-sector loans","borrower":{"__typename":"Borrower","deals":[{"__typename":"Deal","id":"0x89d7c618a4eef3065da8ad684859a547548e6169"}],"id":"6331ae89f4530e2f0a95d9c7","name":"Addem Capital","logo":{"__typename":"Media","url":"https://storage.googleapis.com/goldfinch_cms/addem-1.png"},"orgType":"Latin America credit fund","bio":[{"children":[{"text":"Addem Capital has developed a three-entity approach (Fund, Boutique Consulting Firm, Master Servicer) to increase liquidity in the LATAM capital markets, acting as scouts, funders, and monitoring agents within five verticals: fintech, real estate, energy, agriculture/sustainable foods, and healthcare.\n\nAddem Capital aims to become LATAM's most relevant liquidity provider by eliminating unnecessary debt intermediaries while reaching excellence in its underwriting and servicing processes.\n\nAll the monitoring and revisions on the collateral of the credit facilities are done by Addem's Master Servicer. Through its Internal Control Desk, it guarantees that all the performing assets satisfy the eligibility criteria for each facility. This enables Addem to hold more decision-making power on the line and be ahead of relevant risks."}]}],"website":"https://addem-capital.com/","twitter":"https://twitter.com/AddemCapital","linkedin":"https://www.linkedin.com/company/addem-capital/"},"overview":[{"text":"Proceeds will be used to leverage Addem Capital's existing fund Utopia I, which holds positions on different structures with borrowers, all of them being asset-backed debt lines in one of the five verticals of the fund's thesis: fintech, real estate, energy, agro/sustainable foods, and healthcare. All current and future Utopia I facilities are for LATAM-based companies with solid management and which are actively contributing to the strengthening of the entrepreneur ecosystem in the region."}],"highlights":[{"__typename":"Deal_Highlights","heading":"LATAM Fintech Exposure","body":[{"children":[{"text":"Capital from this pool will be used to fund fintech companies in Latin America. The region has seen rapid growth in fintech adoption thanks to fintech-friendly regulation and government support, passionate entrepreneurs and a rapid increase in venture capital funding."}]}]},{"__typename":"Deal_Highlights","heading":"Secured","body":[{"children":[{"text":"Collateralized with real-world (off-chain) assets"}]}]},{"__typename":"Deal_Highlights","heading":"Real-world recourse","body":[{"children":[{"text":"Real-world, legally enforceable loan agreement"}]}]},{"__typename":"Deal_Highlights","heading":"Ongoing monitoring","body":[{"children":[{"text":"Monthly reporting and direct-to-borrower communications"}]}]}],"details":[{"children":[{"text":"Highlights"}],"type":"h3"},{"children":[{"children":[{"text":"These companies must have a strong technological component and proven track record of originating consistent cash flow-generating assets."}],"type":"li"},{"children":[{"text":"The debt facilities Addem Capital structure will be used to fund self-liquidating assets where Addem has complete traceability and control of all the cash flows pledged as the source of payment, which positions them at the best risk-to-return ratio in Mexico and LATAM."}],"type":"li"},{"children":[{"text":"Addem fund these structures' senior and mezzanine tranches with an interest rate ranging between 18 - 22% in MXN for unsubordinated lines and 24 - 35 % for subordinated ones."}],"type":"li"}],"type":"ul"}],"agreement":"https://addemcapital.docsend.com/view/rwchikv6dxnpa5wa/d/fcbpk9yde3a73pnb","dataroom":"https://goldfinchfinance.notion.site/Addem-Capital-Borrower-Pool-Overview-4530f7c83ddb4fb39d6f8b44ddcead64","defaultInterestRate":0.18,"transactionStructure":null,"creditMemos":[],"securitiesAndRecourse":{"__typename":"Deal_SecuritiesAndRecourse","value":0.9,"secured":"yes","type":null,"description":null,"recourse":"yes","recourseDescription":null},"dueDiligenceContact":null,"onChainCapitalPriority":"junior","offChainCapitalPriority":null,"collateralAssets":null}},"__N_SSG":true}