NorthstarRisk Tolerances

Risk tolerances, as revealed

Not what you say — what you have repeatedly done

9 deals reviewed, 3 funded, all tranched

Anchorline Field Services · 2022-02-28 · Funded
"One customer is 40% of revenue. We only cleared IC because the payment terms are tranched across three separate purchase orders."
— Sana Whitfield · Structuring memo, Feb 2022
Willowmere Surgical Centers · 2023-05-09 · Funded
"Two payers are 71% of revenue. We only did this because the structure tranches our downside if either contract doesn't renew."
— Priya Nandakumar · IC memo, May 2023
Where stated and revealed differ, Drill teaches the revealed version — that's the one your IC actually applies.