Chayne Modern Yield Fund, L.P.
Income from the cash flows
of the real economy.
A short-duration specialty credit and asset-backed income fund.
Where we look for income.
MYF focuses primarily on business financing—from receivables and inventory to equipment, commodity financing, and real estate credit. We also consider selected asset-backed consumer credit, such as auto loans and mortgages.
Chayne’s role
Sourcing broadly means we can be selective. We select and underwrite opportunities by examining who owes the payment, the strength of the underlying claim, how capital is expected to be repaid, and what could disrupt that repayment.
Three sleeves. One discipline.
Senior claims on cash flows and identifiable assets form the portfolio’s foundation.
Selective junior credit seeks additional income in exchange for lower repayment priority.
Actively invested, short-duration positions keep capital working while supporting redemptions and new investments.
Target allocations may vary within Fund policy.
A broad opportunity set. A selective portfolio.
We assess opportunities across these categories for Core, Alpha or Opportunistic based on each investment’s terms and liquidity.
Contractual Cash Flow
Yield backed by enforceable payment obligations.
- Private CreditSenior secured lending, trade finance, factoring, receivables and selected asset-backed consumer credit
- Insurance & ReinsuranceRisk transfer, parametric structures and catastrophe bonds
- Real Estate DebtMortgage interest, real-estate-backed credit and bridge lending
Asset-Backed Income
Income supported by assets or underlying cash flows.
- Physical CommoditiesCritical minerals, energy, agriculture and metals
- Essential InfrastructureData centers, compute, solar and essential services
- Structured CreditCLOs, ABS and structured tranches
Tactical Yield
Yield from market structure and pricing inefficiency.
- Public CreditShort-duration bonds and municipal credit
- FX & CurrencyShort-duration currency exposures, subject to Fund policy
- Special SituationsLate-stage distressed claims, secondary debtor-in-possession participations and stressed receivables
Representative exposures, not current holdings or allocation targets. All investments remain subject to Fund policy.
Defined limits. Disciplined responses.
Position discipline
Underwriting examines repayment capacity, collateral and collection rights. Stated or expected position duration is limited to 366 calendar days at entry.
Concentration controls
Limits apply across underlying borrowers, originators and issuance venues, including combined senior and junior exposure to the same transaction.
Alpha loss response
Defined Alpha-sleeve loss thresholds call for position reduction and a written plan, escalating to best-execution unwinds of loss-contributing positions.
Liquidity planning
Expected repayments, maturities and portfolio exits inform liquidity planning. Policy calls for stress testing at least quarterly, including elevated redemptions and delayed repayments.
Detailed limits, escalation rules and liquidity terms are available in the Fund’s diligence materials.
Experience behind the strategy.
Travis John
Travis is responsible for MYF’s investment decisions and for documenting and reviewing them against the Fund’s investment policy and concentration limits.
Real-world assets
Founded RWA Builders, a community connecting issuers, originators and allocators around real-world asset tokenization. His work with issuers focuses on income-producing claims on business cash flows and informs Chayne’s sourcing and underwriting.
As Head of Institutional at XDC Tech US, Inc., he helps build digital infrastructure for trade finance, including digitized trade documents and institutional settlement.
Co-founded Parsera, a platform designed to modernize fund administration and investor reporting.
Digital commerce
Built e-commerce businesses and worked on payments infrastructure and enterprise platforms.
Credit workouts
At Gold Partners Finance, led the workout and disposition of $100M+ in distressed residential real estate.
Software and the internet
Software consulting and application development during the Y2K and dot-com era.
Kaylock Yam
Kaylock Yam brings 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. His MYF role focuses on allocator relationships, investor relations and bringing new capital into the Fund.
Wharton alum and CAIA charterholder.
Fund-launch experience
Launched first-time funds with HNW and institutional allocators, growing AUM from initial capital to $10M+ and $100M+ milestones.
Clear economics. Quarterly redemptions.
Fund fees
1.5% annually on NAV. Ordinary fund operating expenses included.
15% of each investor’s net profits above a fixed 5% annual hard hurdle, after the management fee.
No catch-up. Perpetual high-water mark. No performance fee on recovery of prior losses.
Redemption terms
90-day minimum holding period per capital contribution.
The 14-calendar-day request window begins when quarterly NAV is published.
Payments depend on available liquidity and orderly liquidation. Holdbacks may apply; temporary suspensions may apply in extraordinary circumstances.
Income distributions
Income is retained unless cash distributions are elected. Distributions remain subject to GP discretion and available cash and liquidity.
Full fee, distribution and redemption terms are provided in the Fund’s offering documents.
Structure and accountability.
Fund at a glance
- Fund
- Chayne Modern Yield Fund, L.P. · Delaware open-ended limited partnership
- Manager and General Partner
- Chayne Global Management LLC
- Access
- Verified accredited investors · Reg D 506(c)
- Minimum
- $250,000 direct subscription · $50,000 IRA custodian subscription
- Target return
- 10–12% net annually, after Fund fees. Not guaranteed.
Operations
- Fund administrator
- Parsera (affiliated). Fund administration, NAV calculation, reconciliation and investor records.
- Digital-asset controls
- Salt provides non-custodial MPC signing with automated co-signing and policy checks. Transactions are authorized by the GP-designated individual.
- Security and post-quantum readiness
- Quantum Qustody supports evaluation and design of transaction governance, verifiable records and post-quantum readiness. It holds no Fund assets or keys and has no authority to sign Fund transactions.
- Cash accounts
- Cross River Bank, through Meow Technologies.
- Audit
- Intended auditor: Cohen & Co. Audit arrangements are described in the Fund’s offering documents.
- Reporting
- Quarterly NAV, positions, transactions and capital-account statements. Annual GAAP financial statements and K-1.
Request Access
Chayne Modern Yield Fund is open to accredited investors. Request the fund materials to review portfolio economics, or schedule a conversation about the direct or IRA subscription route.
777 Brickell Avenue #500
Miami, FL 33131
Secure Inquiry Form