Your Trusted Partner in Private Credit and Wealth Creation
Decades of Experience, Focused On Your Financial Growth
Balqis Capital is a market leader in sourcing private credit funding opportunities
Our leadership team is a group of highly trained professionals with more than 30 years’ experience and commitment to helping clients create financial prosperity. We have raised more than $50 million across several projects with zero loss of capital.
Structured for Stability. Designed for Growth.
Smart Capital is Moving to Private Credit
A growing number of institutions and high-net-worth individuals are turning to private credit as a stable income-producing asset class uncorrelated to public markets.
Private credit is no longer a niche strategy – it is $1.7 trillion global market, forecast to reach $2.8 trillion by 2028.
Balqis Capital is uniquely positioned to capture this demand with curated, de-risked exposure. The flagship Balqis Capital Bond represents a refined approach to private credit investing, combining institutional-quality underwriting, multi-asset diversification and consistent yield in a structure built for professional investors.
Showcase Opportunity
The Balqis Capital Bond, now taking subscriptions, is our signature investment product. It delivers a fixed annual return of 10.25%, paid annually.
The bond highlights include:
London Stock Exchange-AIM listed IPOs Jersey-Based M&A SPV, led by a former Goldman Sachs exec. Late-stage contract finance High-grade debt placements
Keep reading for more insights on private credit, how it will help investors diversify their portfolios, and details about the Balqis Capital Bond.
What Is Private Credit?
Private credit is fast becoming one of the most talked-about asset classes in global finance.
It refers to loans and debt financing provided by non-bank institutions. What sets private credit apart is its flexibility, speed and deal-by-deal structuring, often with asset backing and real-world security.
As banks have scaled back business lending due to stricter regulations, private credit has stepped in. Today, it’s helping to fund the real economy – from fast-growing companies and mergers to litigation finance and secured equity events.
What Makes Private Credit Different?
Non-bank lending: Capital is provided by private institutions, not traditional banks.
Tailored deals: Each loan or credit facility is structured to suit the borrower’s needs and risk profile.
Speed of execution: Private credit deals are often completed faster than traditional financing.
Asset-backed security: Loans are typically secured against assets or cash flows, adding a layer of downside protection.
Attractive yields: Investors can access fixed returns often well above inflation and market benchmarks.
Diversification: Exposure to sectors and strategies that aren't correlated with mainstream equities or real estate.
A Rapidly Expanding Market
Private credit has evolved into a cornerstone asset class. Demand is growing from borrowers and investors, driven by the search for stable, income-generating assets with built-in protections. At Balqis Capital, we help investors access these opportunities through structured credit investments built on real assets, deep due diligence and institutional-grade controls.
Whether you're an investor, adviser or introducer, private credit is now a serious option, and we are here to help you understand how it fits your goals.
How Multiple Arbitrage Enhances Private Credit Returns
Multiple arbitrage is a value-creation strategy that investors can benefit from, especially when it's embedded within a diversified private credit investment.
At its core, multiple arbitrage involves acquiring a smaller company at a lower valuation multiple (such as a lower EBITDA multiple), then integrating it with a larger business that commands a higher multiple. The result? The earnings of the smaller business are effectively revalued at the higher multiple, increasing the total enterprise value of the combined entity, without relying on immediate revenue growth.
Why Does Multiple Arbitrage Matter for Investors?
Some of the structures within the Balqis Capital Bond gain exposure to M&A activity where multiple arbitrage is in play, particularly through a Jersey-based special purpose vehicle led by a former Goldman Sachs executive. This vehicle targets deal-driven returns with institutional oversight, allowing our investors to benefit from value uplift created by professional buy-and-build strategies.
Combined with our broader portfolio, including pre-IPO equity and secured private debt, this approach helps generate stable, uncorrelated returns. And crucially, all underlying investments are asset-backed and diversified to reduce risk.
In a market where value creation can no longer rely solely on macro growth, strategies like multiple arbitrage offer a smart, proven path to capital appreciation, built into the core of our bond structure.
1. The Core Concept
Buying Undervalued Assets: A private equity firm identifies and acquires a smaller company with a lower earnings multiple, typically because of its size or limited market reach.
Combining with a Larger Entity: The acquired business is then merged into a larger platform company that commands a higher multiple based on scale, performance, or sector leadership.
Unlocking Value: Once integrated, the combined group can be revalued at the higher multiple, instantly increasing the overall enterprise value, this is known as multiple arbitrage.
2. Why It Works
Different Multiples for Different Sizes: Larger companies tend to trade at higher valuation multiples. By acquiring smaller businesses at a discount, value can be extracted purely from the difference in multiples.
Unearthing Hidden Value: Smaller firms are often overlooked or underpriced by the broader market. This creates an opportunity to buy at a discount and repackage into a higher-value group.
Turn Key Profits: The principle is simple: acquire low, consolidate and achieve a higher blended multiple, without necessarily needing revenue growth to justify the gain.
3. A Practical Example
A private equity fund purchases a niche software firm with $10 million EBITDA at 6x earnings – valued at $60 million. It merges the company into a broader tech platform earning $100 million EBITDA at a 10x multiple, worth $1 billion.
Post-merger, the new group shows $110 million EBITDA. Valued at 10x, the combined entity is now worth $1.1 billion, creating an immediate $40 million uplift on paper, thanks to the arbitrage effect.
4. What Investors Should Know
Integration Drives Results: Capturing value from arbitrage depends on smooth integration. Operational synergies, management alignment, and cultural fit are crucial.
External Factors Matter: Market appetite, sector outlook, and macro conditions influence the success of arbitrage. If sentiment shifts, so can multiples.
It’s Not Without Risk: Overpaying, poor execution, or unrealistic assumptions about value uplift can erode potential gains.
5. How Private Equity Puts It to Work
Multiple arbitrage is a core tactic in private equity’s “buy-and-build” strategy. Firms use a larger platform as a foundation and scale it through bolt-on acquisitions of smaller businesses.
By consolidating multiple undervalued companies into a single, more attractive entity, they enhance value without necessarily changing the underlying earnings, creating returns from structure, not just performance.
Core Features of the Balqis Bond
The Balqis Capital Bond has a 10.25% fixed return
Its structure provides investors with broad, high-conviction exposure to secured private credit opportunities, without being over-concentrated in any one asset class.
Decades of Experience, Focused on Your Financial Growth
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The Balqis Bond: At a Glance
Fixed Return
10.25% p.a., paid annually
USD-denominated (with Euro / GBP available via SPV) 31 December 2026
Custodian
Subscription
USD 50,000 Waystone
Northern Trust (AA rated)
IE000MLN4T66
What Sets the Balqis Bond Apart?
London Stock Exchange-AIM Listed IPO Participation
The bond includes exposure to London Stock Exchange-AIM listed IPOs. This creates a built-in equity uplift, allowing investors to benefit from early-stage access to high-growth companies without taking unstructured venture risk.
Jersey-Based M&A SPV
Balqis also offers exposure to a Jersey-domiciled M&A special purpose vehicle, led by a former Goldman Sachs executive. This vehicle targets deal-driven returns via mergers and acquisitions, giving investors an opportunity to participate in structured equity events with institutional oversight.
In addition, the Balqis Bond also gives investors diversified exposure across private debt and structured equity, with asset-backed security, and risk controls at every level.
Built for Advisers and Partners
The Balqis Bond is not a one-size-fits-all instrument. It’s designed for partners and advisers who need:
Clear documentation
Direct access to decision-makers
Visibility into underlying assets
An exit-aligned referral structure
The team at Balqis Capital work with lawyers, introducers, financial advisers, stockbrokers and family offices to offer a structured, defensible investment alternative that complements and elevates any professional investment proposition.
Why Is the Balqis Bond Different?
Institutional-Calibre Access Through a Jersey-Domiciled M&A SPV
One of the most distinctive features of the Balqis Capital Bond is its exposure to a Jersey-based M&A Special Purpose Vehicle (SPV), a structure specifically created to capture the upside of corporate dealmaking, while insulating investors from excessive risk.
Led by a former Goldman Sachs executive with deep expertise in global capital markets and mergers & acquisitions, this SPV focuses on sourcing and executing high-potential transactions with institutional rigour. Investors benefit from access to structured equity events, such as pre-IPO placements, strategic consolidations and growth-driven acquisitions that would typically be reserved for large funds or insider networks.
Domiciled in Jersey, a globally recognised jurisdiction for its robust legal and regulatory framework, the SPV provides transparency, tax efficiency and investor protection. The combination of a proven leadership team, an established offshore structure and a focus on real, event-driven value creation sets this vehicle apart in the private credit landscape.
In simple terms, this is a route into institutional-grade M&A opportunities, without the capital thresholds or complexity usually required to participate.
Capital Raise
Balqis Capital 10.25% Fixed Income Bond (USD)
Balqis Capital 10.25% Fixed Income Bond Structure via SPV (GBP/EUR)
LSE AIM listed IPO Acquisitions at favourable Initial Offering Price
Merger and Acquisition Arbitrage Strategy Fund
Why London Stock Exchange-AIM Listing Access Matters
For many investors, early-stage equity investment is either out of reach or too speculative. The London Stock Exchange’s Alternative Investment Market (AIM) changes that. It provides a regulated pathway to invest in high-growth companies that are already public, but still in their rapid development phase. Through the Balqis Capital Bond, investors gain exposure to select AIM-listed IPOs which are acquired at offer price.
This creates an in-built equity uplift, as shares often rise in value post-listing. But more importantly, it provides a rare combination: early access with public market transparency.
Here’s why it matters:
Preferential Entry: Accessing IPOs at the offer stage allows investors to benefit before the broader market prices come into play.
Liquidity & Oversight: AIM-listed companies operate under the rules of a recognised exchange, giving investors the comfort of disclosure, governance and tradability.
Avoiding Venture-Style Risk: Unlike venture capital, these are not speculative startups, they are revenue-generating, often profitable businesses entering the public arena.
Growth Upside, Managed Risk: The AIM market has long served as a launchpad for high-performing UK and international firms. Exposure here offers a compelling risk-return profile.
By including this component within the Balqis Bond, investors benefit from targeted equity participation without sacrificing the structure, security or discipline that define private credit investing. It's one more way the bond blends innovation with institutional-grade access.
Why Choose Balqis Capital and the Balqis Capital Bond?
Our Edge: Access, Accountability, Alignment
The Balqis Capital team, with more than 30 years of experience across the management team, operates with direct origination and institutional diligence standards.
What sets us apart is our unique approach to governance and transparency:
Investors receive clear, concise documentation. We maintain direct relationships with borrowers and asset partners.
Clients are invited to participate in joint seminars and due diligence reviews.
The Balqis bond is not leveraged, nor does it rely on complex derivatives. It is structured to protect principal first, with yield as a result of intelligent structuring and disciplined underwriting.
Risk Mitigation
Unlike conventional bonds in the space, Balqis does not rely on leverage or high-risk derivatives to enhance returns. All strategies are structured with principal preservation as a first priority.
Diversified exposure across non-correlated sectors
Insurance backstops and capital call liquidity planning
Governance oversight via Portfolio Governance Committee
Real asset security and contractual claims underwriting
First-loss protection on key structures
Transparent investor reporting and quarterly updates
Balqis Addresses Investor Challenges
Investor Challenges
Low yields in traditional fixed income
Public market volatility and downside risk
Limited access to pre-IPO growth opportunities
Entry thresholds
Lack of transparency on underlying assets
Liquidity restraints in private markets
Currency limitations
Jurisdictional complexity
How the Balqis Bond Tackles Investor Challenges
10.25% fixed annual coupon
Disciplined fixed-income strategy, backed by diversified private credit assets
Direct participation in London Stock Exchange-AIM IPOs at offer price with 3x the ROI potential
$50,000 minimum via Exante/Registrar
$10,000 minimum via Bloomberg terminal
Secure investor portal with live reporting of AUM, holdings, coupons, maturity
Listed on Wiener Börse and platform-supported secondary market exit options
USD denominated SPV with Euro and GBP option
Jersey regulated compliance
Our Team
Leadership with Proven Track Records
At Balqis Capital, our team brings decades of experience across corporate finance, private credit, IPO strategy and M&A execution. From structuring secured lending solutions to guiding companies through public listings and complex acquisitions, we combine deep technical knowledge with a practical, investor-first mindset. This breadth of expertise enables us to source and structure opportunities that offer strong risk-adjusted returns, while giving clients access to the kind of institutional-grade deals rarely seen outside major funds.
We would particularly like to introduce you to Pete Wild and David McCracken, who are providing our clients with specialist counsel on their investments.
Pete
Wild Advisory Board
Pete is a Chartered Accountant (ex-PwC) with a focus on corporate finance and M&A. As a former finance educator for Goldman Sachs’ GS10k programme at Oxford University, he has mentored over 1,000 high-growth businesses, many of which now form the basis of his investment sourcing. Pete is currently a director at IPO consultancy Exilium Ventures, which has supported two companies in successfully listing on the London Stock Exchange in 2025.
David McCracken
Advisory
Board
David is a seasoned corporate and commercial lawyer with deep experience advising high-growth companies and supporting successful listings on the London Stock Exchange. With an MBA complementing his legal credentials, he brings a unique blend of strategic insight and legal rigour.
Alan Graham Sales Director - UAE
Drawing on over 20 years’ experience in client management, Alan leads business development and client engagement across the UAE, focusing on tailored service and long-term partnerships.
Simon Garland
Institutional Relations
With 25 years in global finance, Simon leads our institutional engagement-building trusted relationships with investors, advisers, and strategic partners across key markets.
Mary Trimithiotou Chief Financial Officer
Responsible for the delivery and oversight of the Balqis Capital Bond, Mary brings over 25 years’ expertise in finance, board-level leadership and regulatory compliance.
Adam Vollans Technical Director
Adam supports Balqis Capital’s private client division, bringing 20 years of experience in international finance and a strong focus on building long-term client relationships.
Shoeb Saher
Senior Legal Counsel
Shoeb is a UAE-based legal consultant with 20 years’ experience, specialising in corporate law, M&A and commercial contracts, with deep regional and international exposure.
Arron Lilley
Global Client Liaison
Arron connects Balqis Capital with investors and partners globally, leading sponsorships and events to build relationships, drive growth and strengthen the firm’s brand presence.
Your Trusted Partner in Private Credit and Wealth Creation.
Partner With Us
Why Work With Balqis Capital?
Are you a financial adviser, wealth manager, real estate agent, lawyer, introducer or family office working with high-net-worth individuals? Balqis Capital offers a tailored partnership approach, combining a generous referral structure with investment opportunities that add real value to your client relationships. We collaborate closely with each partner to ensure seamless communication, prompt support and trusted outcomes for both you and your clients.
Stand Out With Stronger Opportunities
Today’s investors are looking beyond the usual mix of equities and property. They want smarter ways to protect and grow their capital, especially in unpredictable markets.�By introducing Balqis Capital, you’re giving your clients access to a curated range of private credit investments, backed by real assets and structured for stability. These are opportunities designed to diversify portfolios and generate fixed returns, with built-in risk management across multiple sectors, including structured equity and M&A strategies.
What You Bring to Your Clients
Our referral programme is built around transparency and fairness. You earn from every eligible introduction, while we handle the investment process from end to end. That means less admin for you, more value for your clients and the confidence of knowing you're working with a trusted partner in private credit.
Whether you are advising clients on wealth preservation, managing their investment diversification, or simply introducing opportunities, we will support you at every stage.
Proudly Supporting
Here at Balqis Capital, we have huge passion for sport and supporting sport. We are always looking for ways we can back athletes on their journeys through sponsorship and collaboration. As well as supporting them financially, we often work with them on private credit projects. This is a wonderful way to help get them set up for financially comfortable lives after retirement.
Our Sponsorships
The bat of England cricketer, Liam Livingstone Desert Vipers’ junior teams competing in the R66T Cup CATS, a junior girls netball squad in Dubai
From grassroots to professional, we’re committed to nurturing talent, creating opportunities and giving back to the sporting community.
Sport and Sustainability
We have also launched a partnership with the most established and prestigious golf club and luxury leisure hub in the Middle East –Emirates Golf Club. The collaboration reinforces our love for sport and our commitment to sustainability. We are offering members and visitors to the iconic Emirates Golf Club their own water bottles to use over and over at water stations around the club, rather than one-use only plastic bottles.
Talent Pathway with The Desert Vipers
Balqis Capital has joined forces with DP World ILT20 franchise team The Desert Vipers to launch a special high-performance programme to nurture the talent of young cricketers from across the UAE.
Targeting boys in the U-14, U-16 and U-19 age groups, the groundbreaking programme – the Desert Vipers Talent Pathway powered by Balqis Capital - offers a direct route into the Desert Vipers ILT20 first-team setup, with expert coaching and mentorship from a world-class team of international coaches.
Coaches have also identified a group of hugely talented girls in similar age groups, providing them with access to elite training environments and development opportunities, as part of the Vipers’ long-term commitment to growing the women’s game in the region.
This pioneering programme is Balqis Capital’s commitment to grassroots and professional cricket development, and reflects the firm’s long-term vision for the sport in the UAE.
It is significant step forward for cricket in the country, offering young players a real opportunity to pursue a professional career by providing access to top-level coaching, world-class facilities and a clear pathway into the ILT20 setup.
Connect With Us
Here to Help
Investors: If you would like to discuss the opportunity of investing in private credit projects, we can arrange a call with our team. Please send an email to arrange an appointment in advance.
Referral Partners: If you would like to find out more about working alongside us as one of our referral partners, please get in touch with our team and we will arrange a call to discuss our terms of business.
If you would like to find out more about private credit, please email our team to arrange a more in-depth discussion about your requirements: projects@balqiscapital.com
Balqis Capital @balqiscapital
Balqis Capital
All information and forecasts above are totally indicative and subject to market changes and evolutions.
Nothing in this document constitutes a representation that any investment strategy or recommendation is suitable or appropriate to an investor’s individual circumstances or otherwise constitutes a personal recommendation. By providing this information, none of Balqis Capital or its representatives has any responsibility or authority to provide or have provided investment advice in a fiduciary capacity or otherwise. Investments involve risks, and investors should exercise prudence and their own judgment in making their investment decisions.
By receiving this document, the recipient acknowledges and agrees with the intended purpose described above and further disclaims any expectation or belief that the information constitutes investment advice to the recipient or otherwise purports to meet the investment objectives of the recipient.
Balqis Capital does not offer advice or assess the suitability of the investment to individuals. You are advised to seek professional advice from suitably qualified and regulated professional advisers. This is a Corporate Bond and its value is dependent upon the ability of the underlying borrower being able to pay the interest on the borrowing and its ability to repay the loan at maturity. Investors may get back less than the full amount originally invested and there is no guarantee that capital can be repaid in full or at all. All corporate bonds carry the risk of default.