Chayne Global Management
Modern Yield Fund
Modern infrastructure. Modern fees. Modern liquidity.
A short-duration, multi-category yield fund targeting 10-12% net with quarterly liquidity and position-level transparency. Subscriptions open July 2026.
You're told 10–12%.
You keep 5–7%.
On a $5M allocation over five years, the gap between what you're told and what you keep can exceed this. You will never see it.
2/20 fees with hidden pass-throughs
5-7 year lockups with quarterly gates
Concentrated long-duration debt
Opaque reporting between annual audits
Infrastructure built twenty years ago
Three things changed.
Most managers haven't caught up.
Allocators want out.
Nobody wants 5-7 year lockups anymore. In Q1 2026, multiple major private credit funds gated redemptions. One returned 45 cents on the dollar against a quarterly cap. Another halted withdrawals on a flagship fund. A third raised its redemption cap and injected sponsor capital to meet investor requests.
Shorter duration, real flexibility.
The cost structure broke.
Traditional private credit charges 2.7-3.5% all-in. The yield categories haven't changed. Modern infrastructure cuts that to 1.5%. The 200-400 basis points you save flow directly to your net return.
200-400 bps back to the LP.
New categories opened up.
Categories that became fund-accessible in the last 18 months: trade finance and invoice factoring against AA/AAA-rated debtors yielding 8-15%. Sovereign-backed municipal receivables yielding above corporate paper. AI compute infrastructure debt with contractual cash flows. Reinsurance that used to require $5M minimums.
Once institutional-only. Now at fund scale.
“I worked the bank side of distressed disposition in 2008. The Q1 2026 gates are not a credit failure. They are a structural one.”
Sources: public filings and disclosures from major private credit fund sponsors. Data as of Q1 2026.
Not a cheaper version of what you own.
A wider aperture on yield.
1.5% all-in fees mean you keep what you earn. 200-400 bps of compounding returns to the LP.
Parsera as Fund Administrator sets every quarterly NAV using documented methodology. On-demand position reporting between cycles.
360-day max duration. No single end-obligor exceeds 5% of NAV on an ongoing basis.
Target returns are not guaranteed. Past performance is not indicative of future results.
Yield, with the surface area to capture it.
Contractual Cash Flow
Yield backed by enforceable payment obligations.
- Private CreditSenior secured lending, trade finance, factoring, receivables
- Insurance & ReinsuranceRisk transfer, parametric structures, catastrophe bonds
- Real Estate DebtRental income, mortgage interest, RE-backed credit
Asset-Backed Income
Yield backed by physical assets or hard collateral.
- Physical CommoditiesCritical minerals, energy, agriculture, metals
- Essential InfrastructureData centers, compute, solar, essential services
- Structured CreditCLOs, ABS, structured tranches
Tactical Yield
Yield from market structure and pricing inefficiency.
- Public CreditShort-duration bonds, municipal receivables
- FX & CurrencyShort-duration currency strategies, yield optimization
- Distressed & Special SituationsDiscount acquisitions, restructuring, workout credit
All allocations target short-duration, cash-flowing, documented claims on underlying revenue or collateral. No single end-obligor exceeds 5% of NAV. No platform exceeds 15%. Active pipeline; detail in data room.
Three sleeves. One discipline.
Foundational yield from short-duration private and public credit. Operating businesses with contractual cash flows and essential-service operators. Senior secured. 30-360 day maturities.
Tactical strategies that amplify yield across the Fund's investment universe. Subordinated credit positions, depositor capital in established lending venues, cross-venue spread capture, and dislocated structured credit.
Liquid yield engine targeting overcollateralized lending, aggregated stablecoin yield, and short-duration income opportunities. Designed to stay liquid while earning, the sleeve supports redemptions and gives the Fund deployable capital for opportunistic Alpha entries.
Drawdown discipline, by design.
Four interlocking disciplines targeting fund-level drawdown of <2% peak-to-trough under base-case stress, with methodology documented in the data room and reviewed annually with the LPAC.
Stress-tested against historical credit dislocations including 2008, 2020, and the Q1 2026 private-credit gates. Methodology and full scenario analysis available in the data room.
Position Discipline
Maximum 360-day duration on every position means rapid reset. No single end-obligor exceeds 5% of NAV. Senior secured or collateralized positions are prioritized, and every position has a defined exit timeline at entry.
Liquidity Management
The opportunistic sleeve operates as a fully liquid buffer, and redemptions are serviced from the liquid sleeve first. Portfolio duration is aligned with quarterly redemption windows, and the book is stress-tested for simultaneous redemption scenarios.
Alpha Guardrails
The Alpha sleeve is capped at 20% of NAV, with a 5% NAV cap per position and counterparty diligence on every venue. Drawdown triggers govern position reduction or exit, and the sleeve is fully segregated from Core sleeve risk.
Oversight
Parsera as Fund Administrator strikes every quarterly NAV using documented methodology. No GP marks on any position. Annual GAAP audit by an independent third-party firm. Position-level reporting available to LPs on demand.
Risk framework structure described above. Methodology, full scenario analysis, and historical stress-test detail available in the data room. Past performance is not indicative of future results.
When private credit breaks,
structure matters.
In Q1 2026, over $8 billion in redemption requests hit the seven largest private credit funds. The question is not whether your fund earns yield. It is whether you can get your money back.
Direct lending returned roughly 9% in 2025, consistent with its long-term average. The loans are performing. The fund structures are not.
Sources: public filings and disclosures from major private credit fund sponsors. Aggregate redemption-request figure based on publicly reported flows across the seven largest private credit funds in Q1 2026.
1.5% all-in. Quarterly redemption.
All-in. No pass-throughs.
- •Fund administration and NAV calculation
- •Annual GAAP audit and regulatory compliance
- •Custody and settlement operations
- •Legal and regulatory filings
- •Investor reporting and portal access
- •Performance reporting and audit support
Your total cost: 1.5%.
Quarterly access. No gates.
- •Quarterly redemption with 14-day notice window after NAV publication
- •Independent quarterly NAV before redemption decision
- •Designed for flexibility, not forced lockups
- •Redemption terms built around your needs, not ours
Deploy capital without sacrificing optionality.
Built at inflection points.
This is the fourth one.
Software consulting and application development during the Y2K and dot-com era.
At Gold Partners Finance from 2008-2011, led workout and disposition of $100M+ in distressed residential real estate across 20+ banking institutions. Eliminated $50M+ in negative equity. Learned firsthand what illiquidity and opacity cost.
E-commerce and payments infrastructure. Enterprise platforms. Digital rails.
Institutional community of 2,000+. 250+ asset projects vetted over four years. Convener of the Allocator Forum, Yield Day, Tokenization Clinic, and RWA Day.
Managing Partner, Chayne Global Management. Head of Institutional at XDC Tech US, Inc., building institutional settlement infrastructure for trade finance, tokenized credit, and cross-border payments. Front-line on the modernization of SME credit underwriting infrastructure. Four cycles into one strategy.
"You are not buying a strategy you can replicate. You are buying twenty-five years of building at the exact moments when financial infrastructure changes. The deal flow that comes with it. And knowing which side to be on."
Kaylock Yam joins Chayne Global Management as Operating Partner with two decades of experience in alternative investment distribution and private markets. He has led sourcing, allocator relationships, and execution across institutional platforms and emerging managers, working closely with founders and investment teams to bring new products to market and scale existing offerings. He has launched first-time funds with HNW and institutional allocators, growing AUM from initial capital to $10M+ and $100M+ milestones.
A Wharton alum and CAIA charterholder, he joins to expand sourcing and execution capacity ahead of the Fund's first deployment.
Fund Terms
Three reads on every Fund position. The Administrator, the Auditor, and the LP read the same record.
Offshore feeder structure under evaluation to support non-U.S. subscriptions.
Subscribe and redeem on your terms.
Wire or stablecoin.
Onboard
Complete KYC and e-sign subscription documents through the investor platform. The process is fully digital.
Fund Your Account
Wire USD to the Modern Yield Fund LP account, or send USDC or USDT directly. Your choice.
Capital Deployed
Your allocation is live across the Fund's three sleeves. Subscription processing within 48 hours of KYC verification and wire receipt. Your starting NAV is set at the next quarter-end.
Distributions & Reporting
Targeted quarterly yield distributions paid directly to your account. On-demand position reporting between cycles. Quarterly LP statements. Annual K-1.
Redeem on Your Terms
Quarterly redemption with 14-day notice after NAV publication. Submit through the platform. Proceeds by wire or stablecoin within 10 business days of the notice deadline.
The next ninety days determine who captures the reallocation out of traditional private credit.
We're already positioned. Subscriptions open July 2026.
Request Access
Chayne Modern Yield Fund is open to accredited investors. Complete the form to request access to the data room and schedule a call.
777 Brickell Avenue #500
Miami, FL 33131
Secure Inquiry Form
This section is for businesses seeking capital. If you're an investor interested in the Chayne Modern Yield Fund, visit Fund Terms or contact us directly.
Working Capital for Real Businesses
We fund short-duration, cash-flow-backed opportunities across nine categories. Trade finance. Equipment lending. Receivables. Infrastructure. If your business generates predictable revenue and needs growth capital with a defined timeline, we want to talk.
We evaluate businesses at every stage of institutional readiness. Whether you have an existing capital structure or you're raising institutional capital for the first time, our team evaluates opportunities based on fundamentals: the strength of your cash flows, the quality of your collateral, and the clarity of your exit.
Investment Criteria
- •Short-duration capital needs (under 12 months)
- •Verifiable cash flows or secured collateral
- •Defined repayment structure or liquidation pathway
- •Operating businesses with real revenue
Process
- 1.Submit your opportunity through the form below
- 2.Our team responds within one week
- 3.If there's a fit, we schedule a call to discuss terms
- 4.We move quickly on opportunities that meet our criteria
Information submitted through this form is used solely to evaluate potential investment opportunities.