We invest the way we used to advise — from inside the structure.
Co-investment, not capital at a distance.
Most capital arrives at a project once the structuring is finished and the risk has already been allocated. Ameretat works the other way. Our principals have spent careers building the term sheets, SPV structures and risk matrices that sponsors bring to lenders — so when we co-invest, we are doing the work we already know how to do, alongside people we have chosen to back.
We start where the project starts
Engagement typically begins at the term sheet stage — reviewing development rights, offtake terms, and the sponsor's own track record — before any capital is committed.
We help build the capital stack
Equity, shareholder loans and senior debt are sequenced deliberately. We draft or redline the term sheet, the SPV shareholder agreement, and the risk allocation matrix that lenders will eventually see.
We commit capital alongside the sponsor
Our position is aligned with the sponsor's own — typically equity or a shareholder loan inside the SPV — so incentives sit on the same side of the table through construction and into operation.
We stay through financial close
Introductions to development finance institutions, insurers and offtake counterparties, and the documentation work that gets a bankable project across the line.
Criteria, not a checklist.
Every project is different, but the projects we back tend to share a few features in common.