Latest Articles

The Wealth Play book

Philippine treaty relief is easier now, but fund structure still decides who gets it

Philippine bond tax relief is now easier to claim, but only for the right structures. CMEPA set a new 20% baseline. NRoSS changed how treaty relief is applied. Direct owners and some pooled funds can qualify. Pass-through entities cannot.

By Stephanie Nelson • 5 min read

The Wealth Play book

The Real Cost of Cross-Border Investing

In smaller markets, expected returns can overlook currency rules, taxes, delays, and legal costs. Factoring these in before you invest gives a clearer picture of what you may really earn.

By Stephanie Nelson • 4 min read

The Wealth Play book

Most Defaults Whisper Before They Shout

In Tier 2/3 markets, calling a deal “secured” means little without verified title, proper registration, and enforceable priority. Real protection depends on local law, documentation discipline, and proof that your claim survives stress.

By Stephanie Nelson • 5 min read

The Wealth Play book

Why higher-risk deals often need monthly monitoring, not just quarterly reporting

In Tier 2/3 markets, capital is often lost slowly before it is lost visibly. Quarterly reporting is not sufficient when data environments are imperfect and operator concentration is high.

By Stephanie Nelson • 4 min read

The Wealth Play book

Why Deal Structure Matters More Than Big Return Promises in Emerging Markets

In emerging markets, the biggest risk is often not the business but the deal structure. Payment priority, enforceable rights, and clear collateral protect capital better than exciting return forecasts. In weak systems, structure is the real strategy.

By Stephanie Nelson • 5 min read

The Wealth Play book

Covenants That Save You: The 9 Clauses That Protect Cash Flow When Things Go Sideways

In private Tier 2/3 deals, optimism does not protect capital. Covenants do. The right nine clauses can preserve cash flow, trigger early intervention, and protect enforcement when counterparties falter.

By Stephanie Nelson • 5 min read

The Wealth Play book

Counterparty Risk Is the Real Volatility: How to Underwrite the Operator, Not the Pitch

In Tier 2/3 markets, financial models rarely fail alone. People do. Counterparty risk—not price volatility—is the real source of variance. Underwriting the operator is the allocator’s primary edge.

By Stephanie Nelson • 5 min read

The Wealth Play book

The Deal Memo That Banks Respect: Turning a “Deal” into an Auditable Position

A pitch is not a position. In Tier 2/3 markets, a structured deal memo converts opportunity into documented claim, enforceable rights, and bank-ready reporting that survives scrutiny, audits, and succession.

By Stephanie Nelson • 4 min read

Be the first to know

Get the latest stories delivered to your inbox.

Subscribing...

You've been subscribed!

Could not subscribe. Please try again.

Subscribe