Secured investments in the growth of Polish businesses.
A fund providing access to private bonds with predictable returns and built-in risk control.
About the Fund
Private debt means financing businesses outside the traditional banking sector - through funds.
For investors, it represents a stable, asset-backed form of investment with lower volatility than the equity market.
Risk Diversification
Indirect Investment in Multiple Issuers
Attractive Repeatability
Returns Adjusted to Risk Level
Collateral
Debt Senior to Shareholders
Experienced Team
Professional Management and Issuer Selection
Flexibility
Possibility of Early Exit from Investment
Why now?
Market conditions favor alternative sources of financing.
High interest rates and tighter credit standards are driving businesses to seek more flexible capital solutions — and investors to seek predictable, well-secured returns.
Private debt fills this gap, offering stability and tangible links to the real economy.
Who is this fund for?
Those Seeking Exposure to the Real Economy
Individuals Building a Low-Volatility Portfolio
Investors Expecting Predictable Income
Investors Wishing to Avoid Speculation and Risky Markets
How the fund works
Mount Private Debt invests in privately issued bonds by Polish companies, with strong emphasis on issuer selection, security, and risk control.
Investment process:
Issuer Selection
The Fund Analyzes Hundreds of Projects Annually
Bond Structuring
Financing Provided in the Form of Private Bonds
Collateral
Mortgages, Owner Guarantees, Pledges
Process Management
Transaction Monitoring from Issuance to Redemption
Two funds. Two approaches to financing. One standard of responsibility.
Mount Corporate Financing FIZ AN
- Mix-debt Strategy: Senior, Mezzanine, and Unitranche
- Conservative Risk Profile
- Mortgage-Backed Bonds
- Investment Horizon: 1–3 Years
Mount Mezzanine FIZ AN
- Mix-debt Strategy: Senior, Mezzanine, and Unitranche
- Conservative Risk Profile
- Mortgage-Backed Bonds
- Investment Horizon: 1–3 Years
Markat data
Management based on selection and experience
Michał Ferenc
Private Debt Fund Manager
An expert in managing debt funds, with experience in portfolios exceeding PLN 9 billion. Formerly with AIG Bank Polska, Opera TFI, Millennium TFI, Generali PTE, and Credit Value Investments, where he oversaw transactions worth over PLN 1 billion in private debt structures.
FAQ
Q&A - Private Debt Explained
Which Industries Can be Financed by Mount TFI's Private Debt Funds?
Mount TFI’s private debt funds finance entities and investments from all industries. We have the most experience in manufacturing, real estate development, industrial, and financial sectors, but we also consider entities and investments from other sectors. In accordance with our ESG policy, we do not finance entities with poor reputations or those operating in the vice, military, or gambling industries.
What Investments and Entities Can be Financed by Mount TFI's Private Debt Funds?
We primarily finance projects of small and medium-sized enterprises. Our involvement in a single project usually ranges from 5 to 20 million PLN. We are flexible regarding investment objectives: it can be a new investment, operational support, acquisition, management buyout, supplementing own contribution, and many others.
For What Period is Private Debt Financing Provided by Mount TFI Funds?
The standard financing period from Mount TFI’s private debt funds ranges from 1 to 4 years, however, we are flexible and can adapt to the specific circumstances related to the business or venture of a potential counterparty.
What Does the Process of Applying for Private Debt Financing from Mount TFI Funds Look like?
We emphasize making the process thorough but as short as possible. We start by familiarizing ourselves with the project. After initial analysis and verification, we visit the company, and then, together with lawyers from both sides, we structure the transaction. After this stage, the project goes to Mount TFI’s investment committee. We have thoroughly discussed the entire process in one of our Mount View video commentaries, which can be watched here.
At What Stage of Investment Does Mount TFI's Private Debt Financing Appear? How Does it Reach the Company?
Our financing can enter a project in 3 ways. Firstly, it can supplement the own contribution to full financing, e.g., bank financing (pre-financing). It can be standalone financing, i.e., the only external source of financing apart from the investor’s own contribution. It can also be financing concurrent with another financing tool, e.g., a bank loan – and this is the most common scenario. In each case, our funds subscribe to private bonds issued by the companies we intend to finance.
What Collateral Do Mount TFI's Private Debt Funds Require?
The bonds issued by our partners, i.e., the companies we finance, are secured. The managers establish conditions with the issuer that provide the best guarantee for the return of invested money. These are usually mortgages, pledges, or subordinations. We often also use personal guarantees on the company owner’s assets. It is very important to us that the owner guarantees the debt repayment with their own money.
What is the Source of Private Debt Financing?
The source of private debt financing is investors who purchase investment certificates in one of our private debt funds. In this way, they indirectly invest in promising ventures of Polish companies and, in return, participate in the profit – that is, they earn interest.
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