The Corporation

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Tenet Structured Finance aims to generate excellent long-term performance in emerging market equities for institutional and or High Net Worth clientele, and has managed active emerging markets equity portfolios. The four foundations of the firm’s long-term success are:

• Clients: TSF serves sophisticated institutions. These long-term providers of capital have investment philosophies that are aligned with the firm;

• Philosophy: The firm believes that it can best deliver excellent long-term investment performance by working as a team to make investments in quality businesses at attractive prices;

• People: The firm is a cohesive team of skilled and experienced investors, all of whom have an enduring personal interest in emerging markets. The business is well-resourced with a team of support professionals.

 

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Investment Discipline
Tenet SF is structured to enable a diverse yet compact team of investors, to generate fundamental research insights and, subject to rigorous challenge, express those insights in client portfolios. The firm believes that it can best deliver excellent long-term investment performance in emerging market equities by working as a team to make investments in quality businesses with attractive financial structuring.
 

Preferred Utilization of Credit Enhancement; to support project financing Tenet invests into projects globally, while providing our investors (LPs) the convenience of investing with their credit, as a loan guarantor, and not deploying their cash.  The credit is protected through a combination of our unique underwriting and risk management structure, while having our strategic insurance partners review TENET’s risk mitigation requirements and provide all insurances and/or bonding, required to contract away all foreseeable risk to avoid the credit from being called.

 

Overview:
New regulatory standards in both commercial banking and investment banking, have created inefficiencies in capital stack distribution ratios (Basel III, Dodd-Frank, Central Bank policies, etc.). These inefficiencies have corporations and project sponsors looking to TENET to resolve their shortfalls in sponsor’s equity.

TENET has an internal team that performs due diligence, financial analysis, Investment Banking analysis, and commercial banking analysis (C&I, CRE, etc.). Our internal process is augmented at various stages with a complete risk analysis from one of our insurance partners, along with a comprehensive feasibility study from an expert outside subject matter specialist company. Tenet’s current investment portfolio consistently demonstrates our ability to deliver superior above trend (alpha) returns by screening and allocating to only select investment opportunities capable of meeting our industry leading underwriting guidelines, that contract away underlying investment risks (beta).

For our Investors, TENET Structured  Finance offers a best-in-class risk/reward return, based on applying TENET’s proprietary underwriting methodology and risk management strategies. Our partnership with leading insurance companies, commercial banks, and investment banks, creates the most comprehensive means of contracting away the events that can lead to potential economic or financial loss from our investment.

TENET’s underwriting and risk management strategies include:
Strategic Loan Covenants, Cash-Equivalent Narratives, Structured Derivative and Hedge Underwriting, Indemnity Insurances, and other insurance coverage's that when combined together form Tenet’s industry leading solutions for eliminating foreseeable risks.