Structured credit and bespoke liquidity for companies, principals, and family offices navigating the complex, the regulated, and the unconventional, beyond what conventional lenders will underwrite.
Start a Confidential Conversation →Most capital sources decline complexity. Legal, operational, or regulatory friction, unconventional collateral, a business other lenders can't underwrite, all of it sends a deal to the reject pile. The opportunity lives in exactly those situations, and it goes unfunded because so few have the appetite or the relationships to structure around it.
Thalos Capital structures and places capital for the situations conventional lenders won't touch, from complex and non-sponsor credit to liquidity built on non-standard assets, matched to sources that specialize in the difficult, the regulated, and the rare.
For established companies, principals, and family offices in North America seeking $5M–$100M+ in structured credit or asset-backed liquidity.
Financing for established companies with legal, operational, or regulatory complexity, non-sponsor situations, and profiles that carry high barriers to entry for other capital providers. Where difficulty of underwriting is the reason a deal gets declined elsewhere, it is the reason it fits here.
Asset-backed liquidity for owners, principals, and family offices without a forced sale, structured against real estate, trophy assets, and other non-standard collateral. A way to unlock capital from holdings that traditional lenders are not equipped to value or lend against.
Special Situations is not a lending program with a checklist. Every mandate is structured individually, built around the specific complexity, collateral, and timeline in front of us, and matched to capital sources that specialize in exactly this kind of deal.
That means larger tickets, non-standard collateral, and terms shaped to the situation rather than forced into a box. It covers complex, regulated, and non-sponsor credit, along with liquidity built on assets that conventional lenders are not equipped to value. And because these sources are built for difficult deals, the path to a signed term sheet is often faster than the situation would suggest.
The most complex mandates start with a conversation, not a form. Tell us what you're working through, in confidence, and Thalos Capital will structure the path and source the capital.
Start a Confidential Conversation →