One of the key vertical advisory services of Virtus is providing boutique structured financing solutions to businesses. Having its inherent based as a multi family office advisor together with referral relationships with over 30 hedge funds around the world, Virtus is able to take the context of any one business situation and apply it to the funding criteria of multiple funds and derive the best solutions for deserving and able businesses.This was a Client necessity based competence grown in-house at Virtus without the real intention of wanting to be a regulated investment fund or holding entity. Today, Virtus is indirectly regulated through its partner regulated entities which it represents and refers business to and in turn must follow the same regulatory norms and all AML, audit and risk assurance parameters of these various partner entities. This does however give structuring ability depending on the jurisdiction and criteria of the various funds and their business models.

Virtus has disbursed over $320M as on date in structured debt and growing year on year slow and steadily from ticket sizes as small as $5Million to as high as $130M accomplished (the limitations of how much we could structure and lend are not limited to the amount, but more to the collateral, project security and risk).

Virtus has its own financial team with its back office in India and analysts in UK and Dubai to perform the following studies and provide these additional services for projects to be evaluated, structured and reviewed with the “Investment banking” eye and approach:

List of documentation required for Funding Proposal Submission to the Investor/Investing Institution/bank:
1. Executive Summary of Project – Summary Teaser / Information Memorandum
2. Full Business Plan (For the next 5-10years) for the company & Project & DPR (Detailed Project Report)
a. Project Overview
b. Executive Team Profiles with Full KYC and CV
c. Geography and Regional Demographics
d. PESTL Analysis of Industry and Region
e. Energy & Renewable energy Technologies prevalent in the region and applicability (if related to energy industry and PPA’s) – If relevant only
f. Selected Technology (If related to Technology)
g. Delivery & Output Expected from the project
h. Partnerships (if any and relevant to the project)
i. Company Growth Strategy
j. Project Sites & Site highlights (benefits of location, size, terrain, proximal facilities, etc.) with pictures and 2D/3D drawings (Per availability). – If relevant only
k. Project Approvals (All Approval documents for the site to proceed from local government authorities – as per the law to be attached)
l. Legal Premise and Jurisdiction of the PPA or Project – If relevant only

m. Financial Projections covering:

i.    OPEX, CAPEX, SALES, COGS, Gross and Net Profits
ii.   Projection should cover pre and post commission expenses
iii.  Amortization of material goods (as applicable)
iv.  Maintenance & Full Labor Costs
v.   Legal and Banking Charges / Costs
vi.  Should have 2 scenarios of Optimal Operation and Pessimistic Scenario
vii. Separate Sheet for Spend Plan and tranche of investment required on quarterly basis from start of project.

viii. Project Liquid Collateral Available / Assets / Securitization availability

n. Project Governance
o. Risk Management & Mitigation
p. Quality & Controls Management & Mitigation

3. Company KYC (License and registration Copies including Govt. ID and passport copy of all partners), primary project vendors and their KYC; Note: DD will be performed on their past performance, past project performance, team CV’s and leadership, any legal or warrants against the entities will also be checked for reference.

4. Full Technical Documentation on the Project (i.e.including how it works, industry certifications and acceptance of input and output. Detailed report on how it will work in your context).

5. Project Insurance And Risk Assessment

6. Local top 10 audited auditor attested financials of the company from start until date.

7. Project Asset Valuation Report (As relevant from local authorities)

8. Registration Certificate, License and Share Certificates in new SPV (Can be provided after signing Term Sheet)

The above is a non exhaustive list of typical prerequisites for structured financing, but a good list to give you an idea of what we can assist you with in order to get you the necessary funding with the investment decision makers, risk analysts and credit controllers in mind.

Contact one of our team members to learn more or connect with us on Linkedin link below…