Advice for complex fixed‑income and private debt transactions.
FiiCS advises institutional investors, lenders and sponsors on credit underwriting, transaction structuring, portfolio strategy and specialized private-debt financings.
- Transactions originated and structured
- $7bn+
- Fixed-income portfolios managed
- ~$11bn
- Years in institutional finance
- 30+
Independent judgment for transactions where structure, documentation and long-term risk demand deeper analysis than conventional approaches.
Advisory across the life of an investment
All servicesCredit Underwriting & Investment Analysis
Independent evaluation of credit quality, cash flows, collateral, structural protections, downside scenarios and risk-adjusted returns.
Transaction Structuring
Development and evaluation of financing structures designed around asset performance, investor requirements and long-term credit protection.
Private Placements & Club Financings
Advisory support for privately negotiated debt transactions involving institutional lenders, insurance companies, credit funds and other sophisticated investors.
Portfolio Advisory
Independent review of existing investments, portfolio exposures, refinancing risk, credit deterioration and strategic alternatives.
Administrative Agent & Bondholder Representation
Ongoing transaction oversight, lender coordination, consent processes, financial monitoring and representation of institutional investors following closing.
Founder
Chetan Marfatia
Chetan Marfatia founded FiiCS after more than three decades in institutional finance, including senior leadership positions at Guggenheim Partners and Ambac Assurance Corporation.
He has particular expertise in military housing, structured private debt, real estate finance and specialized infrastructure financings.
Where specialized experience matters
Asset classes where traditional corporate-credit analysis alone may not capture the full risk profile.
Representative experienceHousing & real assets
- Military Housing Privatization Initiative
- Affordable and multifamily housing
- Real estate finance
Infrastructure
- Public-private partnerships
- Data centers and digital infrastructure
- Specialized project finance
Structured private debt
- Long-duration private placements
- Government-related revenue streams
- Complex structured and secured financings