The deal closes. Then the real work begins.
DK Axiom, a Dukes & King firm, is an independent specialist in securitisation, structured finance, and treasury strategy, built for what comes before, during, and long after the transaction.
Most advisory firms are focused on doing the deal.
Then they move on.
Your transaction is well-structured. Counsel is across the docs. Everything is ready.
But what follows is where issuers and originators often fall down.
Complex data and reporting obligations that were not fully planned for. New products or service lines quietly breaching funding eligibility criteria. AUP exceptions emerge that require detailed investigations, and potentially waiver requests that could have been anticipated, or avoided.
CFOs routinely underestimate the ongoing operational, technological, and resource demands of maintaining a structured finance portfolio. Internal teams are frequently under-resourced and disconnected from the broader business, particularly corporates and specialist lenders where individuals can wear multiple hats.
DK Axiom exists to support you in setting your funding strategy, supporting you through the deal, the operational implementation, maintaining your precious resource (your funding) and supporting your future growth. We are here before, during, and long after the deal is signed.
The bar has risen. Permanently
In recent years, capital was deployed in ultra credit-friendly environments, and in some cases, diligence standards did not keep pace.
The consequences are well documented: high-profile fraud cases involving double pledging and misrepresented collateral. More are emerging and credit teams are responding.
The new standard requires more rigorous diligence (AUP/VA scopes), expanded ongoing reporting obligations, mid-facility management presentations, and operational proof of compliance, not simply comfort from long standing relationships.
Those who cannot demonstrate clean data, robust processes, and transparent performance reporting will find their funding relationships under pressure, regardless of underlying asset quality.
This is not a temporary cycle. It is the new baseline.
We don't just close deals. We keep them running.
Advisory firms and banks typically do not cover:
- Day-to-day treasury operations and business partnering
- Ongoing data management and portfolio reporting
- Risk management between transactions
- The issuer-side reality of running a structured finance book
DK Axiom brings practitioner experience from every angle, and stays engaged well beyond the close.
2
Transaction
Execution
Hands-on leadership from concept to close. We create momentum, structure, and control across multi-party processes - reducing deal fatigue and improving commercial outcomes.
3
Fractional Treasury & Funding Support
Embedded senior-level treasury and funding expertise for CEOs, CFOs, and Boards during growth, transition, and complexity. Without the cost and commitment of a permanent hire.
Three services built for structured finance reality.
We work with investors, specialist lenders, and corporates across three interconnected areas:
Independent diligence and ongoing reporting for securitisations, warehouse lines, forward-flow and other structured finance transactions. Focused on the risks that drive structure, pricing, and investor confidence.
1
Portfolio Diligence
Agreed upon Procedures (AUP) & Verification Agent (VA)
Customised offering to provide measurable value.
Our clients are typically:
Specialist lenders
Scaling their funding structures and needing independent diligence and ongoing support beyond the transaction.
Investors
Evaluating ABS, warehouse, or forward-flow opportunities and requiring clear, independent risk analysis.
Corporates
Managing complex treasury or funding needs during growth, transformation, or transition, without a full-time treasury function in place.
Track Record
We have been brought in to fix challenging situations.
Here is what that looks like.
Data infrastructure and business partnering
A specialist lender with strong origination but fragmented data and growing investor friction. We identified the root cause, redesigned data processes, built out the team to sustain delivery, and drove the change programme to align operational teams with funding criteria.
Outcome: 3× loan book growth over five years.
Treasury redesign and
holistic refinancing
Rapid growth had resulted in poor treasury organisational design, with multiple facilities approaching maturity simultaneously. We rebuilt the team, stabilised operations and risk management practices, and led a concurrent refinancing across securitisation, high yield, RCF, and equity.
Outcome: Stable capital structure, restored investor confidence, and a treasury function senior management could rely on.
Deep Dive - Portfolio Diligence (AUP & VA)
Problem: Investors and lenders need to understand what they are funding both before they commit, and routinely during a facility lifecycle. Increasingly, they need to understand it on an ongoing basis. Generic due diligence misses the risks specific to structured products: collateral quality, eligibility integrity, concentration, data accuracy, and operational resilience. Post-close, the reporting bar continues to rise significantly, and issuers who cannot meet it face lender friction regardless of portfolio performance.
What we do: Independent diligence and reporting, from pre-
and post-transaction AUP through to ongoing Verification Agent roles. Risk-aligned scopes, performance and concentration analysis, eligibility and data integrity reviews, and clear decision-focused reporting.
Typical Outputs:
- Risk-aligned AUP scopes and reports tailored to investor and lender requirements
- VA reporting covering key portfolio metrics on a routine basis to provide mutual confidence in reporting outputs
- Each would typically include performance and concentration analysis, eligibility criteria, data integrity, and operational reviews
- This can also include presentations and summaries of actions for Executive or Investment Committees to drive business collaboration
Deep Dive - Transaction Execution
Problem: Structured finance transactions involve multiple parties, compressed timescales, and significant documentation complexity. Without experienced, hands-on leadership, deals slow, restructure at the last moment, or even fail at the final stages. Management teams get consumed by the process and lose focus on running their business.
What we do: We take hands-on responsibility for execution from concept to close, creating momentum, structure, and control across multi-party processes. We lead, not just advise.
Typical mandates: Securitisations and private ABS. Warehouse and revolving funding lines. Refinancings and maturity extensions. New platform or asset-class launches.
Outcomes:
- Faster execution
- Reduced deal fatigue
- Better commercial outcomes through disciplined negotiation
- Fewer process failures and last-minute restructures
- Management teams freed to focus on operations while being actively engaged in the process.
Deep Dive
Fractional Treasury & Funding Support
Problem: A growing specialist lender, or any business navigating a complex funding transition, rarely has the treasury expertise it needs in-house. Hiring a full-time treasury director is a significant commitment. Not having the expertise; the gap is expensive: lender relationships become strained, funding strategies become reactive, and operational risk builds quietly until it becomes a problem that cannot be ignored.
What we do: We provide embedded, senior treasury and funding expertise, proportionate to the need. This includes funding strategy, treasury operations, and alignment with technology and finance transformation programmes. We work at the level the situation demands, not the level that is easiest for us to deliver.
How we engage: Flexible and proportionate support models. Embedded alongside management teams. Commercially aligned, execution-focused. Engagement models range from a scoped project through to ongoing embedded support.
Outcomes:
- More resilient funding strategies
- Improved lender and investor engagement
- Lower operational and treasury risk as the business scales
- Stronger executive decision-making under pressure
We work best when we are involved early.
Whether you are approaching a new transaction, maintaining a funding book, evaluating a portfolio, or building a treasury function from the ground up - the sooner we are involved, the more value we can add.
