Structuring

Some deals only exist because of how they're built.

Four product types — and the credit vehicles that carry them: cells, compartments, and banking relationships, domiciled in Luxembourg or elsewhere, ready for you to build your raise on. The structure is ours; the deal stays yours.

Talk through your raise

The problem

Every route to the capital markets — a listed debt security, a managed certificate, securities-funded lending, a syndicated loan — needs a vehicle to carry it. Get the structure wrong and the deal stalls: over-engineer it and it's slow and costly; under-build it and it won't clear the market. The vehicle isn't the prize — getting funded is. The job is the simplest structure that actually gets you there.

The approach

The simplest structure that funds

The simplest vehicle

Listed debt securities, actively managed certificates, securities-funded lending, syndicated debt — we design the one that gets you funded, fit-for-purpose, never over-engineered. The vehicle's only job is to get the job done.

Structured to be fundable

Built for the investors and lenders who actually have to buy it, so the vehicle clears the market — not just exists on paper.

A foundation to build on

We provide the credit vehicle itself — cell or compartment, banking relationships, the operational stack — domiciled in Luxembourg or elsewhere, as a foundation you design your raise on. The vehicle is the tool; the design stays yours. Offered where it fits, never imposed, on a clean regulatory record.

Fast execution

Designed and standing quickly, not months of over-engineering. Speed without cutting corners.

Straight answers

The questions you're already asking

Why not just use a big bank or established house?

Structuring is what we do, not a sideline. We design the simplest vehicle that funds and stand it up fast — through the product type that fits, without the legacy cost or delay of a large house.

Can you handle complex or bespoke structures?

Yes. Listed securities, managed certificates, securities-funded lending, syndicated debt — complexity is where structuring earns its keep. The goal is always the simplest version that actually works.

Do I have to use Luxembourg?

No. Domiciliation through BWC Markets Sàrl in Luxembourg is a capability we offer where it fits, not a constraint we impose. We domicile where your raise makes sense.

Isn't a simpler structure a riskier one?

No. Simple means fit-for-purpose, not flimsy. Over fifty years' combined experience and a clean regulatory record — the structure stands up when it's tested.

Will it actually clear the market?

That's the test we structure to. We build for the investors and lenders who have to buy it, so the vehicle funds — not just exists on paper.

The process

How it works

Step 01

Understand the raise

What you need to raise, from whom, on what terms. The structure follows the goal, not the other way round.

Step 02

Design the vehicle

The simplest structure that fits both your raise and the market that has to fund it — the right product type, domiciled where it makes sense.

Step 03

Stand it up

Documentation and execution, handled fast and cleanly.

Step 04

Ready to fund

A vehicle built to clear the market, so the raise can move (and, where it helps, straight into our market-access work).

The full stack

Every debt issuance needs the same infrastructure underneath it — an issuing vehicle, a security trustee, a facility agent, the operational plumbing. That infrastructure is always needed and never the point. We provide all of it as a single stack, so the only thing you bring is the deal.

One provider, one conversation. Structuring and origination, security trustee services, facility agent and covenant monitoring, and the Luxembourg issuing vehicle — all under one roof. Not fragmented execution across counterparties, and no decision that waits on an external party.

For each transaction we establish a ring-fenced compartment in our Luxembourg securitisation vehicle, giving investors bankruptcy remoteness and structural clarity — a clean, standard foundation, stood up per deal.

What we handle — the infrastructure

  • Investor engagement and distribution
  • Security issuance and documentation
  • Trading and settlement infrastructure
  • Ongoing management and reporting
  • Compliance and regulatory requirements
  • Fund administration across jurisdictions

What you handle — the deal

  • Demonstrating creditworthiness
  • Delivering your project
  • Servicing your loan

Why Bluewater

Why Bluewater

Over fifty years' combined experience, nine years of clean operation, and a track record of structures that fund — delivered through BWC Markets Sàrl in Luxembourg or wherever your raise fits. We design the simplest vehicle that gets you to market: fit-for-purpose, defensible, fast.

50+ years'
combined experience
9 yrs
operating
Clean
regulatory record

Let's design the vehicle that gets you funded.

Talk through your raise

Insights

From the desk