The firm
We provide integrated deal infrastructure for private credit and mid-market lending transactions.
Bluewater Capital covers the full transaction stack — from structuring the debt security and finding the lender, to holding the collateral and administering the loan through its life.
We are a small, technology-enabled team. We adopted AI before it was mainstream — not as automation, but as intelligence infrastructure. Every AI system we deploy has two things defined precisely: what to point it at, and what a good outcome looks like.
That discipline is what allows a small team to deliver what large firms need floors of people to achieve — faster, across time zones, without the cost structures that make mid-market deals unviable.
What we are not
Not a bank. Not a traditional advisory firm. Not a lender — we do not deploy our own capital. Not an asset manager or AIFM. Not a volume business optimising for transaction count.
The office motto
Finish early.
Deliver what was promised, to the standard it deserves, and close it clean.
Registered: Blue Water Capital Limited, Companies House 10870130. Operating base: Birmingham, UK.
The problem we exist to solve
Private credit is a functioning, mature market. Capital is available. Projects have merit. Deals make sense. They die anyway.
Banks have exited mid-market lending — permanently.
Basel IV has accelerated this beyond the point of recovery for most borrowers in the £2m–£50m range. The capital is still there — it now sits in private credit funds, family offices, and specialist lenders. Accessing it requires navigating entirely different mechanics.
Capital markets are global. Most advisers are not.
A sponsor in the UK may find the right lender in Singapore. Settlement may need to work across Euroclear, Clearstream, and local registries. AML counterparty requirements span multiple regulatory regimes. We are operationally capable across these realities — not theoretically capable.
The compliance era defaults to no.
Debanking is not an edge case. It is an operating reality for legitimate businesses. Where partners cannot act, cannot respond, and cannot navigate counterparty questions in real time, opportunities are lost — not because the deal was wrong, but because the infrastructure around it failed.
The machinery shouldn’t be what stops it.
Viable projects — with real assets, real cash flows, credible sponsors — cannot access the infrastructure they deserve. Not because the deal doesn’t work. Because no one will respond, decide, or take them seriously long enough to show them the path forward. That is the gap Bluewater Capital exists to close.
What we do
Four verticals. One conversation. One timeline.
Bluewater Capital
Debt Structuring & Securitisation
We structure debt securities for sponsors, borrowers, and lenders. Our issuing vehicle — BWC Markets Sàrl, a Luxembourg SARL — provides immediate access to global capital markets infrastructure. Listed debt securities, Euroclear settlement, proper creditor rights. Without a £200k advisory phase or a six-month timeline.
Track record: more than £2 billion in structured transactions across the group’s history. Across asset classes: property, vessels, equipment, receivables. Across deal sizes that institutional firms will not touch.
Bluewater Trustees
Security Trustee Services
Independent security trustee for private credit and mid-market lending transactions across the UK and Europe. We hold security on behalf of lenders, protect their rights over collateral, and act when enforcement is needed.
Most trustees administrate. We advise. We help design the security structure before we hold it. We also replace trustees who are unresponsive, exiting the market, or unable to handle enforcement — a growing part of our business as legacy providers withdraw.
Bluewater Agency
Facility Agent & Loan Administration
Facility agent, payment agent, covenant monitoring, receiving agent, calculation agent, and registrar services. We sit in the middle of a loan and make the mechanics work — so borrowers and lenders can focus on the deal itself.
Sweet spot: £2m–£15m bilateral and club deals. For a straightforward £5m bilateral term loan, professional agency administration costs £3,000–£6,000 per year. We publish this because no one else does.
Bluewater Private Credit
Capital Access & Lender Intelligence
Lender introductions for borrowers and sponsors who need private credit. We have built an AI-driven intelligence platform that monitors lender announcements, hiring patterns, deal closings, and market signals to map live risk appetite across the private credit market.
Fee model: success fee on capital raised. No upfront fees. If we do not deliver, the client does not pay. Deal range: £1m–£50m. Sweet spot: £2m–£15m.
Why Bluewater Capital
What sets us apart is a specific combination of capability, experience, and approach that is not available elsewhere in the mid-market.
Single counterparty, full capability
Structuring, security trustee, facility agent, lender introductions — under one roof. One conversation. One timeline. No coordinating five advisers who have never worked together.
Institutional infrastructure at mid-market economics
Listed securities. Euroclear settlement. Proper creditor rights. Enforcement-experienced trustee. Professional facility agent. At costs the £2m–£15m market can absorb.
Global execution capability
The right lender may be in Asia. Settlement may need to work across three jurisdictions. A call in Asia in the morning, Europe in the afternoon — and a client who gets a decision, not a holding position.
We respond and we decide
No holding positions. No committees. No “we’ll get back to you.” The decision-maker is reachable. We tell clients early whether a deal works and why.
Regulatory experience from the inside
Sustained claims campaign. Formal investigation. Secondary AML/MLR review. All found nothing. That experience produces a specific, practical understanding of how regulatory pressure works — and it shapes everything we build.
Pricing transparency
£3,000–£6,000 per year for a £5m bilateral. Published. No one else does this. If you are comparing us against an institutional provider, that comparison is now yours to make.
The team
Four people. Full capability across the transaction stack.
Henry Porter
Managing Director
Henry leads business development and deal closing across all four verticals. He is the primary contact for new relationships and the architect of complex transactions.
He has overseen more than £2 billion in structured transactions and built a group that delivers institutional-grade deal infrastructure from a small team — by engineering out the complexity that large firms charge for and investing in the technology that replaces headcount with precision.
His regulatory experience is direct, not theoretical: a formal investigation and secondary AML/MLR review, both finding nothing. That experience shapes how Bluewater Capital operates, documents, and advises.
Michelle
Security Trustee Lead — Bluewater Trustees
Michelle leads Bluewater Trustees. She drafts the trustee terms that govern how transactions work — and she handles the defaults when they don’t. That dual position, at both the construction and failure end of transactions, gives her a perspective that trustees who only hold paper do not have.
She has direct experience of enforcement situations across the spectrum: from straightforward receiver appointments to contested multi-jurisdictional recoveries. When things go wrong, she acts.
Behind every engagement sits the group’s AI-curated trustee knowledge base — hundreds of documents, legal opinions, and transactional precedents maintained as a living, temporal system.
Simon
Private Credit Lead — Bluewater Private Credit
Simon leads Bluewater Private Credit. He brings deep structured finance and investment banking experience to the lender intelligence platform — translating AI-identified signals into real conversations with real decision-makers.
Simon knows the private credit market in granular detail: which funds are deploying and into what, what family offices are currently looking at, where appetite exists and where it has dried up.
Between Henry and Simon, more than 60 years of investment banking and structured finance experience. The AI solves the targeting problem. The team solves the execution problem.
Shannon
Head of Operations & Compliance Lead
Shannon has been head of operations at Bluewater Capital for many years. She has overseen investor and business activity across all verticals — including more than 5,000 client subscriptions from every corner of the world.
She worked through Bluewater’s AML/MLR audit from beginning to end — understanding in granular detail what the regulator actually examines, what documentation genuinely demonstrates a defensible position, and what a spreadsheet cannot answer when the questions come.
AML legislation is five to six pages. Building a compliance programme that holds up under examination is not about accumulating paper. Shannon knows that. It is rare knowledge, held almost exclusively by people who have been through a real AML/MLR review.