The instruments that carry every position.
Equity, debt, convertibles, hybrids, and the vehicles that hold them — the mechanics designed to fit the outcome, the risk, and the corridor.
The right structure is invisible when it works and ruinous when it doesn't. We design for the former.
The mechanics behind the money.
Every position we take is carried by a structure — the instrument (equity, debt, convertible, hybrid, or something bespoke) and the vehicle that holds it. Structure is where outcome, risk, control, and tax are actually decided, and where cross-border deals on the India–US corridor are made to hold up in both jurisdictions.
We design the structure to the situation rather than forcing the situation into a template: a growth equity position, a distressed recovery, a family transition, and a special situation each demand different mechanics. The goal is always a structure that protects the downside, aligns both sides, survives diligence and the next event, and is clean enough to be invisible when it works.
It underpins every other kind of position we take, and connects directly to Capital Services' structuring work.
The building blocks we use.
Equity positions
Minority and control, with terms tuned to the plan.
Debt & credit
Where the situation wants downside protection.
Convertibles & hybrids
Instruments that flex between debt and equity.
Bespoke instruments
Designed for special and distressed situations.
Cross-border vehicles
Structures that hold across India and the US.
Alignment mechanics
Terms that tie our outcome to the founders'.
From outcome to instrument.
Define
The outcome, the risk, and the corridor constraints.
Design
The instrument and vehicle that fit.
Cross-border
Make it hold in both jurisdictions.
Validate
Confirm it survives diligence and the next event.
Structures carry every position the firm takes.
Capital Services · Structuring
The advisory side of structure.
Mid-Market
Buy-and-build mechanics.
Special Situations
Bespoke instruments.
Family-Business Transition
Recap structures.
The things people ask first.
Why is structure its own page?
Because it decides outcome, risk, control, and tax across every position — it's too important to treat as an afterthought.
Do you favour equity or debt?
Neither by default — the instrument follows the situation, from straight equity to bespoke hybrids.
Why does cross-border structure matter?
An arrangement that works in one country can fail in the other; corridor deals demand structures built for both.
Who formalises the structure?
We design the commercial structure and coordinate on-ground legal and tax specialists across the corridor to formalise it.
Need a position structured right?
Tell us the outcome you want. We'll design the instrument that carries it cleanly.