STRATEGY OVERVIEW
Funds built from originated credit
Each PACT fund is constructed from transactions PACT originated and underwrote on its own platform. The funds are the institutional vehicle layered on top of the firm's direct lending business, not a sourcing relationship with a third party.
Portfolio composition reflects where the firm sees credit performing at the time of deployment. The same underwriting standard applies at every level, from a single conforming agricultural mortgage to a nine-figure institutional commercial mandate.
One platform. Distinct vehicles.
Each fund profile below covers strategy and target capital structure. Executed performance, fee structure and full fund terms are made available to qualified investors on request.
Performance, fee structure and full fund terms are provided to qualified investors on request. All fund content on PACT marketing surfaces is intended as a general description of strategy and does not constitute an offer to sell or a solicitation to buy any security. Final marketing posture (506(b) vs 506(c), accredited / qualified-purchaser verification, gating workflow) confirmed with client and counsel before publication.
Origination through servicing, in one process
PACT runs every step of the credit life cycle in-house. Capital partners allocate into a portfolio where origination, underwriting, structuring and servicing are connected rather than stitched together across counterparties.
Relationship-led sourcing
Operators, sponsors and intermediaries sourced through the firm's long-standing market presence in California agriculture and commercial real estate.
People, property, plan
One framework applied across every transaction, from a conforming farm mortgage to a nine-figure institutional mandate.
Terms shaped by the situation
Pricing, covenants, timing and risk controls aligned to how the asset performs and how the borrower operates.
Life-of-loan, in -house
Loan administration and asset management kept inside the firm, with transparent reporting to capital partners.
Portfolio, transaction, and servicing
Reporting runs from origination through the life of each credit. Capital partners receive performance at the portfolio level, commentary at the transaction level, and ongoing servicing data on every position.
Quarterly portfolio reports
Quarterly statements covering allocation, performance against targets, capital activity and portfolio composition.
Transaction-level analysis
Underwriting summary, structure rationale and ongoing status for each transaction held in the portfolio.
Annual investor letter
Year-end review of the credit environment, pipeline themes and performance against the fund's stated objectives.
Beyond fund commitments
Funds are one of three ways capital partners access PACT-originated credit. The same underwriting framework and origination engine sit behind each.
