What We Do


FC Capital is a Sydney-based AFS licensed alternative asset manager focused on deploying capital into mid-market corporate, special situations, and private credit opportunities.

A$2 – 20 million per lend1  Sector agnostic 
Tenors of up to 5 years  Listed and private companies 
Senior and junior facilities  Australia and New Zealand
       


The FC Capital team has a track record of executing private and public market mergers & acquisitions and capital market advisory engagements.
The team is available to assist potential borrowers in achieving a whole-of-business solution.

 

1. Scope for larger facilities on a case-by-case basis, funded by FC Capital or one or more of its partners

 

Investment Strategy


The FC Capital strategy targets credit investments in markets not well served by traditional lenders or the broader capital market.

Corporate 

Mid-market corporate loan types include: 

  • Senior and unitranche loans 
  • Acquisition finance 
  • Mezzanine finance 
  • CapEx and working capital facilities 
  • Receivable / invoice revolvers 
Special Situations 

FC Capital has the experience to assess special situation credit opportunities and structure innovative term sheets. Loan types include: 

  • Bridge financing 
  • Equipment finance 
  • Share buyback funding 
  • Shareholder finance secured over underlying equity 
Property 

FC Capital invests in greenfield and brownfield commercial and residential property, providing: 

  • Senior and junior capital 
  • Construction finance 
  • Bridge financing 


FC Capital is differentiated by having readily accessible and deployable capital. This access to funding combined with an experienced team allows FC Capital to undertake efficient due diligence; design bespoke term sheets; and, offer timely credit solutions to complex funding challenges.

Transaction Examples

Special Situations
A$35 million 
PE Special Situations
A$18 million  
Corporate
A$12 million  
Secured acquisition facility and invoice finance facility to a pharmacy group Senior secured acquisition facility to investors acquiring a food processing business Senior secured acquisition facility to a regional logistics infrastructure business
Mining & Resources
A435 million
Asset-backed Corporate
A$5 million  
Real Estate
A$4 million  
Senior secured acquisition & CapEx facility to mining business acquiring new assets and tenements. Senior secured term facility to a mining services contractor Senior secured acquisition facility to a founder of regional tourism property portfolio

Credit Metrics


FC Capital assesses credit across a range of metrics and has experience in structuring flexible lending and security structures.

Credit parameters Description Assessment parameter
Sizing metrics Debt / Adjusted EBITDA Subject to FC Capital ability to exit via refinance or amortisation
Trade receivables Quality and ageing of book
Inventory Assessed liquidation value
Real assets Loan-to-value and serviceability ratios
Servicing metrics Revenue, ICR, DSCR, other Transaction specific ICR and DSCR thresholds
Return metrics Cash interest, PIK, equity rights Dependent on risk and transaction assessment