A confidential overview shared with a limited number of institutional counterparties as part of a structured collaboration process. The following summary outlines programme objectives, indicative terms, and the Luxembourg issuance framework being proposed.
Excellium Securities is structuring a UK-focused set of credit programmes across social infrastructure and healthcare-related assets. The opportunity combines long-duration, government-supported income with short-duration, asset-backed specialist lending, delivered through a consistent Luxembourg issuance framework. The programmes are supported by a well-capitalised family office providing cornerstone capital and long-term programme alignment, alongside an experienced UK-based operator.
Each issuance is designed to stand alone on its own security and income, with no cross-collateralisation between compartments. The programmes are developed within a shared partner ecosystem, combining origination, capital, and structuring within a single coordinated framework — supporting ongoing institutional participation across a defined pipeline of UK situated assets with government-related, legally obligated income streams.
The opportunity comprises two distinct but complementary credit programmes — a long-duration, government-supported income strategy and a short-duration, asset-backed lending strategy. Each programme is structured independently, but developed within a shared ecosystem of partners and delivered through a consistent Luxembourg issuance framework.
Statutory, government-supported income derived from long-duration, inflation-linked assets.
Short-duration, first-charge lending into operational UK healthcare assets, secured against real estate and loan portfolios.
Both programmes are calibrated to institutional mandates seeking real-return, income-backed exposures with real asset security and structural downside protection. Each issuance sits within a consistent Luxembourg framework supported by a shared partner ecosystem spanning origination, capital, and structuring.
Income characteristics flowing from statutory frameworks, not discretionary commercial arrangements.
First-charge, property-level security over independently valued real estate collateral.
Complementary duration profiles across long-term income and short-duration lending.
Structural protection through first-loss coverage and conservative LTVs at the lending sleeve.
A framework designed to support multiple compartments across a defined institutional pipeline.
Institutional-grade issuance vehicle with ring-fenced assets, liabilities, and cashflows per compartment.
Each opportunity is structured through a dedicated Luxembourg compartment, with ring-fenced assets, liabilities, and cashflows. The framework positions Excellium as the long-term issuance partner across both programmes.
Each programme is structured as a series of discrete, separately secured note issuances under a common institutional framework. Every compartment stands alone on its own security and income, with no cross-collateralisation or interlinking between issuances.
Administration, reporting, and compliance sit within a Luxembourg-based institutional perimeter, supporting repeatable issuance and consistency across the programme as it develops.
Investor participation is available to qualified / professional counterparties only, with defined exposure at the point of issuance and full visibility into the underlying security and cashflow structure.
Each issuance provides investors with defined exposure to a specific asset-backed credit profile at the point of entry, without pooled allocation.
This overview is shared on a limited, confidential basis as part of a private collaboration process with selected investors and counterparties. It is not a public offering and is not intended for broad distribution.
Calibration of coupon and yield expectations against institutional benchmarks for the asset class.
Refinement of LTV ranges across both programme sleeves relative to investor risk appetite.
Fine-tuning of compartment architecture, security packaging, and note-level protections.
Establishing alignment with investor mandate, sizing, and long-term programme participation.
The objective is to shape final programme terms in line with institutional requirements prior to formalisation.
This overview is shared on a confidential basis with a limited number of counterparties as part of an ongoing structuring process. If of interest, we would be happy to continue the discussion or hear your thoughts.