Private Debt
Tavis Capital is active in private debt since 2015.
Swiss Mortgage Fund I
The fund provides investors an open-ended investment opportunity in primarily short-duration mortgages.
The investment objective of the fund is to achieve an appropriate return by investing mainly in mortgage loans originated by Credit Suisse (Switzerland) AG.
The investments in mortgage loans are supposed to be held until their maturity. The maximum weighted average maturity of the fund assets shall not exceed 12 months and the maximum weighted average duration shall not exceed 9 months.
Due to the low interest rate sensitivity and high credit quality of the portfolio, the fund has shown a very stable and positive performance since launch, despite the negative interest rate environment and therefore has an impeccable track record since its launch in 2017.
Swiss Subordinated Mortgages
Access to a diversified portfolio of subordinated mortgages.
The investment objective of the fund is to generate an attractive risk-weighted return by providing subordinated mortgages secured by Swiss real estate. This fund offers an excellent opportunity to expand and diversify existing Swiss real estate, mortgage and fixed income portfolios. The portfolio covers all regions in Switzerland and invests in commercial properties and mixed properties (commercial and residential), thus ensuring broad diversification.
The amount financed is typically in the range of CHF 1-10 million, with maturities of between 1.5-6 years. The loan-to-value ratio (LTV) of the properties is usually an additional 5-15% behind the bank’s mortgage. The total LTV will not exceed 75%. The target interest rate is 3M SARON plus a margin of between 4-8% p.a. depending on the underlying transaction. Net target return to investors is 3M SARON plus 5% and interest will be paid on a quarterly basis. With the loans secured in the land register, the fund offers a high degree of security compared to other fixed income products.
Marketplace Lending
Full access to outstandingly granular credit portfolio in US and Europe.
We invest in unsecured and secured prime and super prime loans to consumers and small to medium sized enterprises in the US and Europe. The portfolio is highly diversified across vintage years, geography, originators, sectors and borrowers. It is an opportunity to access and invest in portfolios of the best asset managers in the fast-growing fintech credit world.