Private Lending AMC
The Private Lending AMC pools investor capital to provide loans of up to three years to wealthy private individuals or private investment companies (provided a personal guarantee is in place). Eligible borrowers typically have a net wealth exceeding CHF 15 million and are domiciled in Switzerland.
When granting loans, the AMC relies on personal recourse—focusing on the size and quality of personal balance sheets rather than specifically pledged assets. The average deal size ranges from CHF 1 million to CHF 3 million, with interest rates starting in the high single digits. In addition, a structuring fee of approximately 2.5%, paid by the borrower, contributes to the investors’ return.
Why Invest?
Attractive Risk Return Profile
We believe this AMC offers a highly attractive risk–return profile. Each loan is guaranteed by private individuals domiciled in Switzerland with a net wealth of at least CHF 5 million. With margins usually set at low double-digit interest rates, investors benefit from a significant premium for providing tailor-made loans with enhanced time-to-market.
Structuring Fee
At Zeltner & Co, investors benefit not only from the loan interest rates but also from the structuring fees, a significant portion of which is paid into the AMC. This allows investors to participate in the revenues of the credit structuring business. In this way, Zeltner & Co’s pricing interests are fully aligned with those of the investors.
Swiss Investment Universe
As all loans are granted in Switzerland, they are exclusively denominated in Swiss Francs. Consequently, the AMC carries no currency risk for Swiss-based investors. The Private Lending AMC thus represents a unique and attractive opportunity for those seeking to expand their Swiss investment universe with a product that offers very low correlation to traditional asset classes
Loan Structures
With this AMC’s risk appetite, a single loan would be structured according to the following characteristics:
• Loan amount on average is typically between CHF 1-5 million
• Loan amount is a maximum 30% of the borrowers net wealth
• Loan granted with personal recourse
• The borrower can use the loan amount without any restrictions
• Fixed loan durations up to 36 months
• Balance sheet monitoring
• Defined exit path
Performance
updated monthly
AMC performance net of fees
Allocation
Updated Monthly