VALTERRA CAPITAL
Impact Allocation Overlay
Fund the same opportunities – with downside protection, deeper liquidity and amplified impact.
One agreement, laid over the allocation – you fund the same opportunity directly, and title, governance and income stay with you until buy-out. Apply it to a portion or the whole, on a new allocation or an existing holding.
A layer of downside protection on the allocation, regardless of how the underlying holding performs.
Exit an otherwise illiquid position sooner – a route to liquidity from six months.
A pre-agreed return – par + 8% p.a. compounding, plus the 25% kicker – backed by a portfolio, not a single holding.
The same impact as allocating directly, alongside enabling additional capital to flow into impact.
Three ways to use the overlay
Choose the one closest to your situation to see it on your own numbers.
Illustrative, for a buy-out Valterra provides. The kicker is funded from Valterra's upside share on other holdings and paid over time. Protection arises from the diversification of Valterra's asset base, the collateral lined up behind allocations, and the buy-out and liquidity options Valterra provides – with your retained ownership of the asset as additional security.
Every outcome
Across every outcome, a layer of downside protection
Scenario comparison
Next steps
Your scenario, in one view
A layer of downside protection on the allocation. A route to liquidity from six months, met as liquidity allows. A defined return – par + 8% p.a. compounding plus the 25% kicker once the milestone is reached – supported by a portfolio of assets rather than a single holding. And the same impact as allocating directly, alongside enabling additional capital to flow into impact.
Request the term sheet
We'll model the overlay on your specific allocation or holding and set out the full terms.
investors@valterra.capital ›Frequently asked questions
What if the asset falls – or fails?
Lower risk than holding direct. A buy-out settles at par + 8% p.a. plus the kicker even if the asset falls (at par before the milestone). Protection arises from Valterra's diversified asset base, the collateral lined up (including AAA/AA bonds) and the liquidity options.
How does Valterra make money?
Valterra earns only above what the investor receives – the surplus above the defined outcome, and the upside above par + 8% p.a. if the position is held to the asset's own exit after the milestone. No fees.
When can I access liquidity?
A route to liquidity from six months, by request and met as liquidity allows – a route the direct holding simply does not have.
Can I apply the overlay to allocations I've already made?
Yes – it works on existing holdings too. The investor and Valterra agree a value and the terms at that point, and the overlay applies from there, in the same way as a new allocation.
What if I require protection before I allocate?
Commit now and fund once an agreed level of security or protection is in place – bonds lined up behind the allocation, or the milestone reached first: Valterra holding $100m of assets beyond the position.
How is par set?
Par is the negotiated entry value. On a new allocation it is simply the price the investor pays – not a mark to NAV.
Full terms are set out in the term sheet, available on request.
Important information
This tool may not be disseminated, distributed or used without the prior written consent of Valterra Capital Ltd ("Valterra"). This tool is a summary and is not an offering or a solicitation of an offer to purchase an interest. Any such offer or solicitation will be made to qualified investors only by means of a confidential private offering memorandum and related offering materials, and only in those jurisdictions where permitted by law. Such offer or solicitation may only be made by means of delivery of that document which contains important information (including investment objective, policies, risk factors, fees, tax implications, and accredited investor qualifications) relating to such investment opportunity. There is no guarantee that the investment objective will be achieved. Moreover, the past performance of the investment team should not be construed as an indicator of future performance. Without limitation, this document does not constitute a recommendation to enter into any proposed transaction or investment. You should not construe the contents of this document as legal, tax, investment or other advice. By accepting this document, you acknowledge that Valterra is not acting as your broker, financial advisor, in any other fiduciary capacity or otherwise as your advisor or agent with respect to transaction or investment.
The information contained in this document is based on material that Valterra believes to be reliable. Assumptions, estimates and opinions contained in this document constitute information we received from reliable sources as of the date of the document and are subject to change without notice. Neither Valterra or any of its respective officers, directors, employees, agents, controlling persons or affiliates makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained in this document, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to past or future facts or results. The market analysis, projections, targeted returns, estimates and similar information, including all statements of opinion and/or belief contained in this document (collectively, "forward-looking information"), are subject to inherent uncertainties, contingencies and qualifications and are based on a number of assumptions. Forward-looking information involves significant elements of subjective judgment and analysis that may or may not be correct.