Shaping Modern
Private Credit

Senior-secured structured private credit strategies focused on preservation, yield, and performance.

About us
KP Partners · Private Credit · Est. 2025
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Fund I · 2026 Confidential Offering Memorandum · Qualified Purchasers / Accredited Investors Only

We are not
chasing yield. We are
structuring risk.

KPP Secured Credit Fund I is an institutional-grade private credit strategy delivering an 8% fixed preferred yield, paid quarterly, backed by senior-secured first-mortgage liens on income-producing commercial real estate. We acquire B-notes from a vetted regional originator at the most protected attachment point in the capital stack.

Fixed Preferred Yield
8.00% / yr
Maximum Loan-to-Value
≤ 65%
Originator Default Rate
< 1% · 16 yrs
Fund Identity
KPP Secured Credit Fund IDelaware LP · Senior-Secured B-Notes
Capital Sought
$150M target$500M hard cap
Liquidity
30-mo lockupQuarterly NAV redemption · 90-day notice
Pipeline
$400M annualMLPA contractually mandated

Predictable cash flow.
Fixed preferred yield.
Backed by income-producing
commercial real estate.

The preferred yield structure is designed for capital-preservation-minded LPs who want institutional-grade real-estate credit exposure with bond-like cash distributions and a known lockup window.

Annual Preferred Yield
8.00%
Fixed. Paid quarterly in cash.
Frequency
Quarterly distributions
Lockup
30 months from subscription
Liquidity
Quarterly NAV redemption (90-day notice)
Collateral
Senior-secured first mortgage on income-producing commercial real estate
Illustrative, $1.0M commitment
Period
Per Quarter
Annual
Notes
Year 1
$20,000
$80,000
Lockup period (mo. 1–12)
Year 2
$20,000
$80,000
Lockup period (mo. 13–24)
Year 3
$20,000
$80,000
Redeemable quarterly after mo. 30
Year 4
$20,000
$80,000
Redeemable quarterly
Year 5
$20,000
$80,000
Redeemable quarterly
Total · 5 yr
$400,000
Principal redeemable at NAV after 30-mo lockup
Illustrative only. Final yield and terms governed by the Confidential Private Placement Memorandum.

Three complementary disciplines:
credit underwriting, capital markets,
and quantitative risk.

Alex Plichta
Managing Partner · Credit & Strategy

Alex Plichta

Alex Plichta oversees credit underwriting, fund strategy, and investment decisions for KP Partners. He began on the corporate development team at Quaker Chemical Corporation, supporting syndicated funding efforts for the firm's $1.4B acquisition of Houghton International, backed by over $1.1B in syndicated debt financing. Alex then joined Macquarie Asset Management, coordinating deal origination and screening during the integration of Delaware Investments, Macquarie's then-largest acquisition at $428M, bringing $125B in AUM onto the platform. He subsequently led strategy and due diligence for private equity acquisitions at Bantry Consulting before launching KP Partners.

Justin Kim
Managing Partner · Capital Markets

Justin Kim

Justin Kim leads capital markets, investor relations, and lender origination partnerships for KP Partners, where he has sourced and executed tens of millions of dollars in real estate debt transactions, including negotiating access to over $2.5B in capital liquidity and building a $250M loan pipeline. Justin began his career as a Drill Sergeant in the Republic of Korea Army before managing condominium development projects at KOREX, where he built a network of 550+ industry partners. He went on to underwrite commercial real estate loans at New Empire Corp and worked within a private family office focused on real estate acquisitions and development before co-founding KP Partners. Justin studied Real Estate at New York University and is based in New York.

Adam Shannon
Managing Director · Quantitative Risk

Adam Shannon

Adam Shannon is responsible for quantitative portfolio construction and risk management for KPP's B-note strategy. Outside KPP, Adam directs an algorithmic medium-frequency futures hedge fund and leads quantitative modelling for a US-based real estate options fund. Prior to this, Adam worked as a Quantitative Researcher at Citadel, where he focused on modelling intraday market effects. Adam specialised in string theory at Trinity College, University of Cambridge, and represented Scotland on the national chess team.

Three things have to be true
to make this strategy work,
and they all are.

01 / Access
Lender Network

We've spent years building proprietary relationships with regional originators that Wall Street can't replicate.

Our pipeline is contracted, not theoretical.

  • $400M+ annual contractually mandated pipeline
  • Exclusive operating-partner agreement
  • Hyperlocal deal flow
02 / Discipline
Credit Process

Institutional-grade credit underwriting overlaid on every loan, with a defined credit box and quantitative risk overlay.

Led by an ex-Citadel researcher.

  • Defined credit box
  • Quantitative risk overlay
  • Independent investment committee
03 / Alignment
Skin in the Game

Meaningful GP co-investment and a lender that retains the A-note + servicing.

KPP is paid only after the LP preferred yield is paid in full.

  • Material GP commitment
  • Lender retains A-note
  • LP yield paid before GP earns spread

We're building Fund I
with a small group of
long-term partners.

Here's how to engage. Each step is designed to give you full transparency on the strategy, the originator, and the underwriting box before any commitment is made.

Fund I, The Ask
$150M
Target Fund Size
$25M
Minimum First Close
$500M
Hard Cap
$250K
Minimum LP Commitment
01

Diligence Call

60-min deep dive on strategy, lender partnership, and underwriting box with the full GP team.

02

Data Room

Full transparency: PPM, LPA, sample deal files, originator track record, audited financials.

03

Allocation

Sizing discussion, side-letter terms if applicable, subscription documents, and close.

Speak with the
partnership.

Inquiries are reviewed within one business day. All communications are confidential and subject to the offering terms outlined in the PPM.

Managing Partner
Alex Plichta
alex@kp-cap.com
+1 215 353 3680
Managing Partner
Justin Kim
justin@kp-cap.com
+1 646 991 5152
Managing Director
Adam Shannon
adam@kp-cap.com
+44 7729 460904