- Scale
- NZ$1bn
- Counterparty
- Global credit funds
- Arcbridge role
- Structuring & capital adviser
- Status
- Completed
Summary
Structuring the credit platform, commercial model, global credit partner processes, governance and organisational design to take NZAB from adviser to institutional-scale lender.
- Situation
- NZAB set out to become a licensed lender while simultaneously raising institutional funding — a business transformation and a capital process running in parallel, in an asset class with no global precedent for this structure.
- Structure
- The world’s first securitisation structure for agricultural loan assets: tranched debt, a defined equity/debt framework, institutional lending controls and the board and entity architecture to support them.
- Capital
- A NZ$1bn platform funded through multiple global credit partner processes, with a scalable path to NZ$3bn+ of deployment.
- Strategic outcome
- NZAB is now New Zealand’s first independent non-bank agricultural lender at institutional scale, with a clear pathway to IPO or strategic exit. Global credit funds have since engaged Arcbridge on further platform opportunities.
Process
How the platform was built.
- 01Business analysisCredit process, agricultural market analysis, default-risk build-out and a flexible financing structure.
- 02Global credit processPositioning agriculture as an asset class for global risk committees; capital scenarios.
- 03Refining capital structureDebt tranches, equity/debt framework and lending process.
- 04Organisational strategyCompany structure, capability fit, lending controls, board, entities and capital markets.
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