Reløde Capital
Structuring · Commodities · Advisory

We structure where markets stall.

Projects and trades stall when nobody has structured the risk.

We design the structure, bring the right counterparties to the table and advise on the risk, so that capital, cover and supply can follow.

Structured & transition finance Energy & commodities Risk & structuring advisory
Origin
Re

Prefix

To do again. To restore.
To establish once more.
To find a new path forward.

løde

Noun

A rich source of supply.
An abundant store.
From Old English lād: a channel.

Channelling where industry needs it. Again and again.

How we think

The gap is not the capital.
It is the structure.

There is no shortage of capital looking for industries to back, or of buyers looking for supply.

What is missing is the structure that prices the risk sensibly and brings the parties together on terms that hold. Without it, good projects and trades stall, or close on the wrong terms.

The pattern is the same from first-of-a-kind industrial projects to cross-border energy trades. The demand is real. The risk is priced as if nobody has structured it before.

That is where we work.

Structure first.
The counterparties follow.

We start with the architecture of the deal: who carries which risk, how it is covered and how payment is secured.

Once that is right, investors, lenders, insurers and suppliers can say yes. We bring them to the table and coordinate them. We do not replace them.

Each engagement is built to what the project or trade actually needs. Senior debt, parametric cover, letters of credit, working capital, public participation and institutional investment, combined into one coherent arrangement rather than five separate ones.

Pricing first-of-a-kind execution risk
ConventionalBundled into the equity discount
StructuredDecomposed, then priced

Separate the systematic component from the residual, and what remains becomes investable.

Illustrative, not to scale
Practices

Three practices,
one discipline.

Each practice starts from the same place: understand the risk precisely, structure around it, then bring in the counterparties who can carry it.

Structured finance

Transition & resilience projects

We design capital structures for industrial projects the conventional playbook was not built for, and arrange the investors, lenders and insurers who fund and cover them.

  • Capital plan design
  • Risk transfer and parametric cover
  • Arranging and syndication
Energy & commodities

Physical trade, structured end to end

We connect qualified buyers and suppliers of refined products and LNG, and structure the payment security, trade finance and risk coverage that let long-term supply contracts close.

  • Refined products and LNG
  • Letters of credit and payment security
  • Long-term offtake and supply
Advisory

Risk and structuring counsel

Independent advice for companies, investors and family offices on risk management, insurance-linked structures and tokenised real-world-asset products.

  • Risk frameworks for new products
  • Insurance-linked structuring
  • Tokenised and on-chain finance
Method

Three steps,
working as one.

In this order. The structure comes first, the cover is designed into it, and the right counterparties are arranged around it.

01

Structure

We design the arrangement: who carries which risk, on what terms, secured how. This is the work that happens before any money changes hands. Without it, the rest does not work.

02

Cover

We design risk coverage into the structure itself. Risks that conventional insurance handles poorly become risks the structure absorbs.

03

Arrange

We bring in the investors, lenders, insurers and suppliers the structure calls for, and coordinate them through to close and beyond.

Engagement

We structure and advise.
Our partners deploy.

We act as structurer, arranger and adviser. The capital comes from our partners, in structures built to fit their mandates.

Transaction

Structuring & arranging

Retained by a sponsor or counterparty to structure and arrange a specific transaction through to close.

Advisory

Retained counsel

Ongoing structural, commercial and risk advice on a defined scope, built around the client's own mandate.

Platform

Co-structured vehicles

For institutional partners: a dedicated vehicle, co-designed with the partner, that invests across a pipeline of transactions we originate and structure.

Deployable

Structured to institutional allocation criteria: long-dated contracted revenue, matched-duration debt service, investment-grade-equivalent senior layers.

Wrappable

Compatible with Luxembourg AIF, Irish ICAV and other EU-domiciled vehicles, with AIFMD and Solvency II positioning preserved.

Replicable

One architecture, repeated. The first transaction proves the structure; each later one executes faster.

Principles

Three principles
we hold to.

Discipline

Every engagement is built to do something specific. We are not interested in structures that exist to generate fees. We are interested in deals that make projects and trades possible that otherwise would not happen.

Selectivity

We do a small number of things well rather than many things adequately. The platform is built around its founder, with structural relationships rather than scaled headcount.

Patience

Good structures take time. We work to the timeline that produces the right deal, not the one that produces a deal quickly.

Contact

If you need structure,
we should talk.

Project sponsors, investors, energy counterparties and companies looking for independent structuring or risk advice.

contact@relode.capital