Proprietary Private Market Bond Selection
Direct Access to the Real Economy. Engineered by CGPH
CGPH Banque d’Affaires offers a curated selection of proprietary fixed income instruments, issued exclusively through dedicated vehicles within the CGPH Group perimeter.
Our bonds are designed for institutional capital, family offices and professional investors seeking private market yields through a disciplined private debt investment approach.
Each issuance delivers predictable fixed returns (>8%) and is backed by tangible assets in the real economy, including real estate developments, verified public sector credits and industrial assets.
Operating as a boutique investment advisory firm and as a direct issuer, CGPH combines structuring expertise with capital deployment capabilities, positioning itself among leading private debt firms active in cross border investment and institutional capital solutions.
The CGPH Direct Issuance Model
Unlike traditional brokerage or distribution-based private placement debt offerings, CGPH does not intermediate third-party products. CGPH issues private debt instruments directly.
Capital is raised through CGPH proprietary vehicles (SPVs) and deployed into carefully selected segments of the real economy. This structure allows CGPH to control the entire value chain, from asset selection to coupon payment, acting as issuer, private debt manager and capital allocator.
The Flow of Value
Issuance
CGPH vehicles issue fixed-rate bonds to professional investors.
Deployment
Capital is invested into strictly vetted real assets, applying conservative underwriting standards and disciplined structuring.
Return Generation
Underlying assets generate yield, which directly services bond coupons and principal repayment.
This approach represents an institutional-grade private debt platform, operating within the private debt market and focused on capital efficiency and downside protection.
Capital Protection: The “100-to-70” Rule
Yield is important, but capital protection is paramount.
CGPH applies a proprietary structuring principle known as the 100-to-70 Rule: for every €100 of underlying asset value, no more than €70 of debt is issued.
This permanent 30% equity buffer creates structural over-collateralization, enhancing resilience across market cycles and reinforcing CGPH’s approach to private debt risk management.
Eligible Underlying Assets
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First-lien real estate assets
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Verified public sector and government-related credits
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Strategic industrial and operational assets
Covenant Status: Senior Secured
Characteristics of Our Bond Selection
CGPH’s proprietary bond program is designed as a private debt investment solution, combining fixed income visibility with direct exposure to the real economy.
Our bond selection offers flexibility and performance beyond traditional public fixed income instruments.
Title | Description |
|---|---|
Market | Private Debt Market (Off-Market Issuance) |
Asset Backing | Real Estate, Public Sector Receivables (State, Regions, Municipalities), Equipment |
Duration | 12 to 36 Months |
Coupon Frequency | Monthly, Quarterly or Annual |
Issuer | CGPH Dedicated Vehicles (SPVs) |
Target Yield | 8% – 12% p.a. (Fixed Rate) |
Why Invest in CGPH Proprietary Bonds
Institutional Alignment
Investors gain direct exposure to CGPH’s ability to originate, structure and manage real-economy assets. CGPH operates with aligned incentives and disciplined capital deployment.
No Intermediation Friction
By issuing directly, CGPH eliminates external brokerage layers typical of many private debt funds, enabling a more efficient transfer of value to investors.
Continuous Issuance Pipeline
CGPH maintains an active origination pipeline, allowing rolling investment strategies and access to new bond series as market opportunities arise.
This model supports long-term relationships with private debt investors seeking transparency, consistency and institutional execution.
Why CGPH Banque d’Affaires Private Bonds?
CGPH Banque d’Affaires proprietary private bonds are designed to provide institutional-grade access to private debt investments, combining asset-backed security, fixed income visibility and direct exposure to the real economy.
Unlike traditional private debt funds or third-party private placement debt offerings, CGPH operates a fully integrated issuance model, acting simultaneously as originator, issuer and private debt manager through proprietary investment vehicles.
This structure allows full control over asset selection, structuring discipline and capital deployment.
What Sets CGPH Private Bonds Apart
Direct Issuer & Manager Role
CGPH issues bonds through dedicated SPVs and retains full oversight of asset selection, structuring and ongoing private debt management, ensuring transparency and accountability throughout the investment lifecycle.
Asset-Backed Private Debt Strategy
Each issuance is anchored to verifiable underlying value backed by tangible real-economy assets, including first-lien real estate, public sector receivables owed by the State, Regions and Municipalities, and strategic industrial assets.
Conservative Structuring & Risk Discipline
The proprietary 100-to-70 Rule enforces structural over-collateralization, embedding downside protection directly into each private debt investment and reinforcing capital preservation.
Predictable Fixed Income Visibility
Fixed-rate coupons enable investors to integrate CGPH private bonds into portfolio allocation strategies focused on yield stability, duration control and private market diversification.
Institutional Alignment of Interests
CGPH proprietary private bonds are structured so that bond performance is driven by asset-level execution rather than financial engineering or distribution dynamics.
Capital raised through CGPH vehicles is deployed directly into selected real-economy assets, ensuring that:
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bond coupons are serviced by cash flows generated by identifiable underlying assets,
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risk exposure is linked to asset value, collateral and structuring discipline,
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capital protection mechanisms operate before any impact on senior bondholders.
For investors, this results in clear visibility on return generation, defined risk attribution and a private debt investment profile that can be monitored and assessed throughout the life of the bond.
Through this approach, CGPH positions itself among leading private debt firms offering private market bond solutions tailored to professional and institutional capital.
Who CGPH Private Bonds Are Designed For
CGPH proprietary private bonds are intended exclusively for institutional capital and professional investors seeking structured exposure to the private debt market through asset-backed fixed income instruments.
This offering is designed to support long-term capital allocation strategies within diversified private market portfolios and requires the ability to assess private market risks and non-listed fixed income structures.
Intended Investors
Institutional Investors
Pension funds, insurance companies, endowments, sovereign-related entities and institutional allocators seeking private debt investments with defined structuring, conservative risk parameters and predictable cash flows.
Family Offices & Professional Investment Structures
Single and multi-family offices, holding companies and investment vehicles pursuing private market yields through disciplined private debt investing supported by tangible assets.
Qualified and Professional Investors
Experienced investors operating within a regulated professional framework and seeking direct access to private debt solutions and private placement debt offerings outside public bond markets.
Regulatory Access Restrictions
CGPH private bond programs are not designed for retail investors and are not distributed on a public offering basis.
Access is strictly limited to Qualified Investors and Professional Clients, as defined under applicable laws and regulations governing private debt investments and private placement debt offerings.
Read MoreConnect with our senior team to structure cross-border investment solutions, private debt strategies
Companies — Venture Capital Advisory for Structured Growth
For ambitious founders and management teams, raising venture capital is more than financing — it is a structural decision that defines ownership, control, and the future of the company.
At CGPH Banque d’Affaires, we help businesses design equity rounds that attract professional investors while preserving leadership integrity and long-term governance stability.
Our venture capital advisory model bridges entrepreneurs and institutional capital through discipline, transparency, and credibility. Every round we structure is built on the same foundation that guides our investment banking practice — rigorous valuation, aligned interests, and institutional governance.
We support companies from preparation to closing, ensuring that each transaction strengthens both capital and corporate architecture.
Valuation Strategy & Equity Architecture
We analyze financial performance, market positioning, and growth trajectory to define a fair valuation range.
From there, our advisors design the equity structure — cap table optimization, shareholder rights, and board composition — to ensure control remains balanced and transparent.
This process builds investor trust while preserving strategic freedom for the founding team.
Investor Readiness
Professional capital requires professional communication.
CGPH Banque d’Affaires prepares investor-grade materials — business plan, financial model, and Information Memorandum — ensuring that your story, economics, and scalability are presented with institutional precision.
Every document we produce meets the standards of international funds and family offices.
Capital Access & Outreach
Through our network of private equity firms, venture funds, and family offices, we identify qualified investors aligned with your sector and stage.
We coordinate outreach, manage feedback, and maintain confidentiality throughout the process, accelerating the time-to-close and strengthening negotiation leverage.
Negotiation & Execution
Our team guides management through valuation discussions, liquidation preferences, and shareholder agreements.
We ensure that each clause is designed to protect control while enabling growth.
From first negotiation to final signature, CGPH Banque d’Affaires acts as a strategic transaction advisor, integrating legal, fiscal, and financial expertise for efficient execution.
Post-Investment Governance
After closing, we remain by your side.
Our advisory continues through board structuring, performance reporting, and strategic oversight — ensuring that governance evolves with growth.
Because real value creation does not end with capital; it begins with structure.
By partnering with CGPH Banque d’Affaires, companies gain more than funding — they gain a framework for sustainable expansion, institutional credibility, and disciplined long-term growth.
Comparative Yield Positioning in Fixed Income Markets
How CGPH Private Bonds Compare to Traditional Alternatives
Institutional investors evaluate private bond strategies by positioning them within the broader fixed income landscape, comparing expected yield levels and structural risk characteristics across different instruments.
The following comparison illustrates how CGPH proprietary private bonds are positioned relative to common public market benchmarks, using current market reference yields and a consistent annualized framework.
Comparative Yield Overview
Data source: Public market reference yields (Dec 2025): US 10Y Treasury, ICE BofA US Corporate (IG) and High Yield indices. CGPH private bonds shown at 12.0% p.a. (target). Note: Public high-yield bonds reflect market-driven credit risk; CGPH private bonds are senior secured, asset-backed and covenant-based, and are not directly comparable in risk drivers.
Important Structural Distinction
Public fixed income instruments with higher yields—particularly public high-yield corporate bonds—typically reflect elevated credit and market risks, often characterized by:
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unsecured or lightly secured structures,
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limited covenant protection,
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exposure to secondary market price volatility.
By contrast, CGPH proprietary private bonds, while offering yield levels comparable to high-yield instruments, are structured as senior secured private debt investments, supported by:
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conservative loan-to-value (LTV) parameters,
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asset-backed collateral,
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covenant frameworks designed to protect capital throughout the investment lifecycle.
As a result, similar yield levels do not imply identical risk drivers.
Returns are generated through asset-level cash flows and structuring discipline, rather than market pricing dynamics.
Why This Matters for Portfolio Construction
For institutional portfolios, CGPH private bonds are typically positioned as:
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yield-enhancing alternatives to traditional fixed income,
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asset-backed private market exposures with predictable cash flows,
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instruments designed for capital allocation rather than trading.
This comparative framework helps investors assess CGPH private bonds not as a substitute for public high-yield bonds, but as a distinct category within private market fixed income.
Key Questions for Institutional Investors
Before allocating capital to private market bonds, institutional investors typically focus on a limited number of decision-critical questions.
The CGPH proprietary private bond program is structured to address them directly.
Where do returns come from?
Returns are generated by asset-level cash flows produced by underlying real-economy assets, including real estate, public sector receivables owed by the State, Regions and Municipalities, and selected industrial assets.
This allows CGPH private bonds to offer yield levels above traditional fixed income benchmarks, driven by execution and structuring rather than market pricing.
How are coupons paid?
Coupons are paid on a periodic basis (typically quarterly or four-monthly) and are serviced by cash flows generated at asset level, with senior secured priority of payment embedded in each structure.
What is the typical investment duration?
CGPH private bonds are structured with a short-to-medium term duration, typically up to 36 months, allowing investors to maintain visibility on capital deployment and reinvestment cycles.
What protects capital in downside scenarios?
Each issuance applies conservative structuring, including loan-to-value limits, asset-backed collateral and over-collateralization, ensuring that asset-level equity absorbs losses before senior bondholders.
How is this different from public high-yield bonds?
While yield levels may appear comparable, CGPH private bonds rely on collateral, covenants and structuring discipline, rather than exposure to credit spreads and secondary market volatility.
What role do these bonds play in a portfolio?
CGPH private bonds are typically used as yield-enhancing, asset-backed allocations within private market portfolios, designed for capital allocation and income generation, rather than trading.
Institutional Materials Private Bond
This section provides access to selected institutional documentation related to CGPH Banque d’Affaires proprietary private bond programs.
The materials presented here are intended to offer a high-level overview of CGPH’s issuance framework, structuring principles and positioning within private market fixed income.
Content is reserved for professional and institutional investors and is provided for information purposes only.
CGPH Proprietary Private Bonds
Institutional Overview
An institutional overview outlining:
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the CGPH direct issuance model,
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asset-backed private debt structuring principles,
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capital protection mechanisms and senior secured positioning,
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portfolio role and comparative positioning within fixed income markets.
By accessing these materials, you confirm that you qualify as a professional or institutional investor in accordance with applicable regulations.
Institutional Overview Video
The video below provides a concise institutional overview of the CGPH proprietary private bond issuance framework.
It summarizes the key structuring principles, the role of asset-backed private debt within private market fixed income, and the positioning of CGPH private bonds relative to public market instruments.
CGPH Market Insights
CGPH Banque d’Affaires publishes selected written insights and research articles focused on private markets, private debt structuring and cross-border investment dynamics.
These articles provide deeper analysis on market trends, structuring frameworks and institutional considerations relevant to professional investors operating in private market environments.
Explore CGPH Market Insights
CGPH Video Insights
Beyond this institutional overview, CGPH Banque d’Affaires publishes selected video insights addressing private markets, private debt structuring and cross-border investment dynamics.
These materials explore market context, structuring considerations and institutional perspectives relevant to professional investors operating in private market environments.
Receive CGPH Updates
CGPH Banque d’Affaires shares periodic updates on private debt, private market developments and market research.
These updates provide concise perspectives on structuring trends and cross-border investment dynamics, without promotional content.
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Contact CGPH Banque d’affaires — Paris
For further information on CGPH proprietary private bonds and private market structuring, you may contact the CGPH Banque d’Affaires team.
Requests are reviewed on a professional basis and are intended for institutional and professional investors.
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