But as one manager put it to me recently, there’s really no need for the scepticism. Set against other funding options like private equity, a bespoke debt financing solution can tick all the requisite boxes. There’s no need to dilute your equity, no need for regular reporting as there might be with a publically-traded bond, and there’s little risk of that debt being syndicated far and wide, such that the lender you end up with down the line looks very different to the one sat opposite you in the boardroom when the contract was inked.
