About

About Fixed Income Investors Consulting Services

An independent financial advisory and consulting firm focused on institutional fixed-income and private debt markets.

The Firm

Senior-level experience, independently delivered

FiiCS was founded to provide institutional investors and transaction sponsors with access to senior-level experience typically found inside major investment-management, insurance and investment-banking organizations.

The firm combines detailed credit underwriting with practical transaction experience developed through decades of originating, structuring, investing in and managing complex fixed-income assets.

Our Approach

Investor-oriented analysis

FiiCS approaches transactions from the perspective of an institutional investor. That means evaluating not only whether a transaction can be financed, but whether its credit structure, economics, collateral protections and long-term cash flows appropriately compensate investors for the risks being assumed.

The firm’s analysis typically considers

  • Sustainable cash flow and debt-service capacity
  • Downside and stress scenarios
  • Collateral value and structural protections
  • Sponsor support
  • Refinancing and maturity risk
  • Documentation and covenant protection
  • Interest-rate exposure
  • Construction and development risk
  • Operating performance
  • Counterparty and governmental risk
  • Recovery analysis
  • Long-term investment value

Independence

An independent perspective

FiiCS operates as an independent advisory platform. The firm is therefore able to evaluate transactions based on the specific objectives of its clients rather than a predetermined financing product or capital source.

Depending on the engagement, FiiCS may advise investors considering a transaction, sponsors developing a capital structure, or existing lenders evaluating portfolio exposures or transaction amendments.

Clients

Designed to serve sophisticated market participants

  • Asset managers
  • Insurance companies
  • Pension funds
  • Private debt funds
  • Banks
  • Family offices
  • Endowments and foundations
  • Hedge funds
  • Sovereign wealth funds
  • Real estate and infrastructure sponsors

Read the professional biography of founder Chetan Marfatia

Chetan Marfatia