Competitor Analysis, page-116

The other interesting observation I think worth pointing out @wasko is the corner stone funding members that make-up the Debt Warehouse will also be specialists in their own fields. You cannot expect that all the funders of the Debt Warehouse will want to be involved in every deal as it may not suit their mandate and or risk profile.
A Debt Warehouse of say $100M would be segmented into funding piles that suit the type of business and cashflow lending the individual funder would want to be involved in. The blending of these requirements is a little more intricate in the making up of the overall Debt Warehouse and could be one of the reasons it has taken time to put the Debt Warehouse together. This is where Neu Capital earn their corn.
I am very interested in seeing the entities that will make up the Mezzanine funding vehicle, not just the dollar amount they finally raise but the skills of the funders that come with the money.