Built on decades,
not on a pitch.
ML Capital is a new fund. Its foundation is not — the strategy is drawn directly from the principals' careers in entertainment finance and institutional fund management.
A career-long base
for a new fund.
Headline figures from the careers of ML Capital's CEO, COO and CFO — personal track records that informed the fund's design.
The same projects,
a different position
in the waterfall.
ML Capital has re-examined the principals' historical body of work through the lens of its own senior-secured lending model. The finding is consistent.
A senior, contractually secured position behaves very differently from an equity position in the same project. A senior lender is repaid first, from contracted sources — government subsidies, tax rebates, pre-sale and distribution agreements — before equity sees a return.
Projects that were volatile as equity investments would have offered a senior lender structural protection of capital — because repayment depended on signed contracts rather than on commercial outcomes.
The detailed, transaction-level analysis is available to qualified institutional investors as part of the ML Capital investor materials.