For Capital Providers

First look at deal flow built for your mandate.

Join Thornrock's Tier 1 Capital Partners. Put your mandate on file and you see only the middle-market opportunities that fit it — before they go to the broader market, and shared on a semi-exclusive basis with no more than two capital providers of your type.

Our Commitments

Fewer deals. Better fits. A real first look.

Tier 1 is how we take a mandate to market first. It works because we keep it small and keep our word.

01

Only deals that fit

Every opportunity is reviewed by hand against your mandate and any specialized criteria. We value your responsiveness, so if a deal isn't a perfect fit, we don't send it.

02

Two per type, semi-exclusive

Semi-exclusive deal flow: each opportunity goes to no more than two capital providers of the same type at a time, so the time you spend on it is worth it.

03

First look

Tier 1 partners see matched opportunities during a defined first-look window, before we take them to the broader market.

04

No term shopping

We don't take your indication or term sheet to other providers to solicit a better offer. Your terms are never used as a bargaining chip.

How It Works

From mandate on file to a closed deal.

Every opportunity is prepared, reviewed and documented before it reaches you.

Step 01

Submit your mandate

Tell us what you lend or invest in: structures, check size, borrower profile, industries and geography.

Step 02

Mandate review

A short call to confirm your criteria, decision process and timing. Your mandate goes on file.

Step 03

Quality control

Before anything reaches you, we manually evaluate the deal against your mandate and any specialized criteria. If it isn't a clear fit, it isn't sent.

Step 04

Matched opportunity

When a deal fits, you receive an anonymized summary with the key terms and credit profile.

Step 05

NDA & full package

Sign the NDA to receive the credit memorandum, model, financials and access to management.

Step 06

Pass or proceed

Respond within the first-look window. If you pass, tell us why so we can sharpen future matches. If you proceed, we work with you through term sheet, diligence and closing.

What you receive

Opportunities prepared for a credit decision.

  • Only opportunities manually reviewed against your mandate
  • A first look before any broader market outreach
  • A lender-ready credit memorandum and model
  • Historical financials, projections and a debt schedule
  • Access to management and a clear process timeline
  • A single point of contact through closing
What we ask of Tier 1 partners

A small list only works if it responds.

  • Keep your mandate current as your criteria change
  • Pass or proceed within the first-look window
  • Tell us why you passed, so our matching improves and you're sent higher-quality deals
  • Keep opportunities confidential under NDA
  • Work through Thornrock on opportunities we introduce
Who we work with
Commercial & regional banksPrivate credit & direct lendersBusiness development companiesInsurance & institutional capitalAsset-based & specialty lendersMezzanine & subordinated debt fundsPrivate equity & growth equityFamily offices

Common questions

Is there a cost to join?

No. There is no cost to join Tier 1 or to review the opportunities we send you.

How do you choose the two providers for a deal?

By fit with the opportunity: mandate match on size, structure, industry and geography, followed by responsiveness and closing record on past opportunities.

What does "no term shopping" mean?

We don't show your indication or term sheet to other providers to get them to beat it. The company we represent compares the offers it receives and chooses; your terms aren't used to solicit better ones.

What happens after the first look?

If a Tier 1 partner proceeds, we work toward a term sheet and closing. If the opportunity isn't placed during the first look, we may take it to a broader group of providers.

Does joining guarantee deal flow?

No. You receive opportunities only when they fit your mandate, so volume depends on your criteria and what we are working on. We would rather send you fewer deals that fit than fill your inbox.

Who can join?

Institutional lenders and investors that provide debt or equity capital to middle-market companies. Opportunities are shared only after an NDA and are subject to our review; any securities are offered through Finalis Securities LLC, Member FINRA/SIPC.

Join Tier 1

Put your mandate on file.

Tell us what you want to see. We review every submission and confirm fit on a short call before adding you to Tier 1.

01Capital type and structures you provide
02Typical check size and minimum borrower size
03Industries of focus and exclusions
04Geography and sponsor preference
05Any specialized criteria we should screen for

Already have a mandate or tear sheet? Attach it to the form.

Submit your mandate

For institutional lenders and investors · Confidential

Confidential. We review every submission and will contact you to confirm fit.