Built to meet family needs.
The work began with a simple objective: seek contractual income without automatically surrendering liquidity.
From one family office to another
Built out of necessity. Shared through kinship.
First Principle is the structured-investment arm of The Invictus Collective, developed to serve the needs of families before being offered to peers.
The partnership starts with shared context.
Family offices carry a distinct combination of investment, liquidity, governance, and generational responsibilities.
A process developed through use.
The solutions were first applied inside the Invictus relationship before the desk was opened to peer offices.
Delivered as individual notes.
Selected CUSIPs are held at the family's custodian in the family's name, subject to the final relationship and offering documents.
Your CUSIPs. Your custodian. Your name.
Access the machinery.
Partnership means a specification-led desk, not a place on a distribution list.
18
global investment-grade banks in the stated sourcing network
Income cadence, protection level, underlying, term, and intended treatment become inputs to a competitive sourcing process. The family office retains responsibility for its evaluation, approvals, and final decisions.
Name the terms. The desk seeks the fit.
The stated bank network and all descriptions of sourcing, fees, regulatory status, and available terms require compliance verification before production.
Interests made visible.
The family, manager, and issuers each enter the relationship with stated responsibilities and economics.
The family office
Defines the mandate and retains the final investment, custody, and governance decisions.
The Invictus relationship
Coordinates the work and discloses the applicable advisory scope and fee terms.
The issuing banks
Compete to provide note terms and retain their disclosed funding and hedging economics.
Control. Safety. Power.
Questions about the family-office partnership
View all FAQsWhy use a managed program instead of purchasing one note?
One note concentrates the outcome in one issuer, underlying, maturity date, and payoff. A managed program can diversify those dimensions and coordinate monitoring and reinvestment. That process may reduce concentration, but it cannot eliminate market, issuer, liquidity, complexity, or maturity risk, and every purchase still requires review of its offering terms.
How are sourcing and compensation intended to stay aligned?
The supplied draft describes competitive sourcing across multiple banks and a flat advisory fee rather than bank-paid sales compensation or per-note incentives. Those statements are not production-ready until verified against the actual agreements, Form ADV, fee schedule, conflicts disclosures, dealer arrangements, and the legal responsibilities of every participating entity.
Bring the mandate. Keep the control.
Start a conversation about the families, obligations, and terms your office is responsible for.
DefinedEvery term
Note formEvery delivery
DailyIndependent pricing
Built inside a family office. At home in yours.
Start the conversation