Private Credit we make it work
Deal structuring, capital access and transaction infrastructure. Globally.
The problem we solve
Private credit is a functioning, mature market.
Capital is available. Projects have merit. Deals make sense. They die anyway — killed by the infrastructure gap, not the opportunity.
Borrowers and sponsors with viable projects get stuck. Not because the project lacks merit, but because no one will take them seriously long enough to explain the path forward.
Banks have pulled back from mid-market lending. Institutional lenders want scale you can’t offer. And the infrastructure that makes deals work – security trustees, facility agents, proper documentation – feels designed for someone else.
That’s the gap Bluewater Capital exists to close.
We work with borrowers, sponsors and lenders across the UK, Europe and cross-border to structure debt securities, access capital, and provide the transaction infrastructure that makes private credit deals actually happen.
Capital markets are global. Most advisers are not. We operate across jurisdictions — Luxembourg, UK, international — with the settlement infrastructure to match.
Deal infrastructure that closes transactions
We build the deal infrastructure that makes transactions close. Single counterparty, full capability.
Cross-border by design
Euroclear and Clearstream settlement. Time zones are not an excuse.
How securities-funded lending works
The mechanics, in plain terms
Securities-funded lending is how private credit transactions get structured when traditional bank lending isn't available or isn't suitable.
Borrowers and sponsors with viable projects get stuck. Not because the project lacks merit, but because no one will take them seriously long enough to explain the path forward.
Banks have pulled back from mid-market lending. Institutional lenders want scale you can’t offer. And the infrastructure that makes deals work – security trustees, facility agents, proper documentation – feels designed for someone else.
That’s the gap Bluewater Capital exists to close.
We work with borrowers, sponsors and lenders across the UK, Europe and cross-border to structure debt securities, access capital, and provide the transaction infrastructure that makes private credit deals actually happen.
Since working with Blue Water Capital our business has been able to expand accurately and responsibly gives us peace of mind that we are in good hands in terms of compliance and making sure we are acting correctly when raising finance. The team are down to earth, always helpful and genuinely try to unlock our vision.
Client Name
Client since 2019
Since working with Blue Water Capital our business has been able to expand accurately and responsibly gives us peace of mind that we are in good hands in terms of compliance and making sure we are acting correctly when raising finance. The team are down to earth, always helpful and genuinely try to unlock our vision.
Client Name
Client since 2019
Since working with Blue Water Capital our business has been able to expand accurately and responsibly gives us peace of mind that we are in good hands in terms of compliance and making sure we are acting correctly when raising finance. The team are down to earth, always helpful and genuinely try to unlock our vision.
Client Name
Client since 2019
Since working with Blue Water Capital our business has been able to expand accurately and responsibly gives us peace of mind that we are in good hands in terms of compliance and making sure we are acting correctly when raising finance. The team are down to earth, always helpful and genuinely try to unlock our vision.
Client Name
Client since 2019
Since working with Blue Water Capital our business has been able to expand accurately and responsibly gives us peace of mind that we are in good hands in terms of compliance and making sure we are acting correctly when raising finance. The team are down to earth, always helpful and genuinely try to unlock our vision.
When to use it
Scenarios where this makes sense
Maybe the ticket size is wrong. Maybe the asset class is unfamiliar. Maybe the timeline is too tight. Private credit fills the gap.
You’ve found the deal. You’ve agreed terms. But you need a security trustee to hold collateral, an agent to administer the facility, or both. We provide the infrastructure so you can focus on the investment.
Your client has a funding need. You know private credit is the answer, but you don’t have the in-house capability to structure and place a deal. We work alongside advisers to get transactions done.
The original deal was done in a hurry, or with the wrong structure, or with a counterparty who’s no longer responsive. We help clean up and rebuild.
You’ve heard of private credit but the market feels opaque. We make introductions to lenders who are actively deploying – and we help you present in a way that gets taken seriously.
Beyond lending
The full capability set
Structuring debt securities is often the entry point - but it's rarely the whole picture.
Security trustee services
When a deal has collateral, someone needs to hold it properly. A security trustee protects lender rights, manages enforcement if needed, and provides the structural integrity that makes multi-lender deals possible. We act as trustee on transactions across the UK and Europe.
Agency services
Facility agent. Payment agent. Receiving agent. Covenant monitoring. If a loan has moving parts - drawdowns, repayments, amendments, multiple lenders - it needs administration. We provide that, without the cost or complexity of a bank agency desk.
Lender introductions
Capital access is a global platform. We connect borrowers with private lenders actively looking to deploy - credit funds, family offices, specialist lenders. Not a database. Actual relationships, matched to your deal.
Why Bluewater
Business-first, not compliance-first
Most firms in this space lead with onboarding. Forms before conversation. Compliance before commerce. They're looking for reasons to say no.
That means starting with your project, your timeline, your constraints. Understanding what you’re trying to achieve before we talk about structure. And being direct about what’s possible – and what isn’t.
We operate as a non-banking financial institution, structured deliberately to enable a global platform. Local projects seeking global connectivity.
You can actually talk to us. Not a portal. Not a junior intake team. The people who structure deals are the people you speak to.
We’ve worked on more than £2 billion in structured transactions. We’ve seen structures that work and structures that fail. We know where the bodies are buried – and where they aren’t.
That experience means we can tell you early whether something will fly and if it will, we know how to make it happen.
Who we work with
Clients across the transaction
Sponsors and borrowers
You have a project and need capital. We structure the deal and connect you with lenders.
Lenders and credit funds
You have capital and need infrastructure. We provide trustee, agency and administration services.
Advisers
Your client has a funding need. We work alongside you to execute.
Intermediaries, advisers and lenders
You're structuring a deal and need a component: trustee, agent, documentation support. We slot in where needed.
The common thread: a transaction that needs to get done.
Track record
£2bn+
in structured transactions
5000
client subscriptions across transactions
deals that need to work across jurisdictions
