YMC Capital notes

Notes on stuck capital, by email.

About once a month we write up one problem we work on: a loan that stopped paying, a position nobody will buy, a fund structure that no longer fits, a company that needs to move. No offers, and you can unsubscribe from any issue.

What the notes cover

Problems we deal with every week.

Workouts: what to do with a loan that has stopped paying, and where you rank when it fails.
Secondaries: selling an LP interest or a holding the market has gone quiet on.
Structures: SPVs, segregated portfolio companies, and where a vehicle should sit.
Corporate: moving a BVI company to the Marshall Islands without forming a new one.

Recent notes

Read one before you sign up.

More Private Than You Planned

Listed markets fell, distributions slowed and the capital calls kept coming. Now more of your money is private than you planned. How to check your real number, and what to do with each position.

Read the note

One Vehicle for Everything You Own

Your investments are spread across brokers, banks, private deals and loans, and none of the returns can be checked. Put them in your own segregated portfolio, keep running it yourself, and start an audited track record.

Read the note

You Can Move a BVI Company

Most owners think a BVI company can only be kept or wound up. It can also move to another jurisdiction and carry on as the same company. A checklist to see whether yours can, and how the move works.

Read the note

All notes

Who writes them

Two partners at YMC Capital.

We take on stuck positions, run a regulated fund platform and look after Marshall Islands companies. Who we are · ymc.capital