Shane Boudreau

VC, project financing, PE, actively funding $400MM min

[Shane Boudreau @VestIn_VC]

Would you rather have:

A) Lower headline rate, messy structure B) Clean structure, a rate you can live with
Most files that blow up picked A.

Reply A or B + asset class.

[Shane Boudreau @VestIn_VC]

VestIn: project finance for large commercial and infrastructure. Typically $400M+.

I post structure, offtake, and what kills a file.

Follow if that's useful. Mute if you wanted a rate sheet.
Sponsors: reply city + asset.

[Shane Boudreau @VestIn_VC]

Capital partners: what makes you pass fastest?

A) Soft offtake B) Sponsor who won't share control C) Fantasy construction timeline D) Site politics
Reply letter + last asset class you wrote.

[Shane Boudreau @VestIn_VC]

Advisors: intro us with three things, not a 90-page CIM.

1. Who pays / when / if not 2. Asset, city, check size 3. What's actually stuck
That's how you stay in the inbox.

[Shane Boudreau @VestIn_VC]

If you run a $400M+ project, sit on co-invest capital, or intro those groups — follow VestIn.

I post how large projects get stacked. Not lifestyle.

Reply city + asset.

[Shane Boudreau @VestIn_VC]

If you need last year's revenue to get a loan, call a bank.

Project finance starts when the asset hasn't earned yet and the contracts have to work.

New build. Infra. Mixed-use on future cash flow.

That's VestIn.

[Shane Boudreau @VestIn_VC]

We underwrite these three before terms:

1. Cash flow contracted or just hoped? 2. Does anyone actually need this built? 3. Can it close, or is it a brochure?
Fail those, the term sheet is decoration.

[Shane Boudreau @VestIn_VC]

Why we often want a co-investor in the room.

A second pair of eyes at this scale is discipline.

We lead. A partner takes a defined sleeve.

Family offices / funds: follow. Reply sector + check.

[Shane Boudreau @VestIn_VC]

Myth: if the project is big enough, capital shows up.

Size is not credit.

A $2B file with thin offtake is just a larger problem.

Bring the contracts. Not the square footage.

[Shane Boudreau @VestIn_VC]

Non-recourse ≠ no questions.

It means recovery is the project, not your house.

You still need: • real cash flow • someone who owns construction risk • a plan if offtake flexes

[Shane Boudreau @VestIn_VC]

The first question on an $400M file is not "what's the rate?"

It's "what breaks if we're 9 months late?"

Rate is a line. Structure is the deal.

Follow VestIn for structure first.

[Shane Boudreau @VestIn_VC]

Banks got more careful. The projects didn't get smaller.

Contracted cash flow still has a path. A pretty deck with hoped-for offtake does not.
Discipline is a filter, not a mood.

[Shane Boudreau @VestIn_VC]

Follow VestIn if you: • sponsor $400M+ projects • co-invest next to a lead • intro those two groups
Don't follow if you want a retail app or a $20M bridge.
Wrong shop. Reply city + asset.

[Shane Boudreau @VestIn_VC]

The one-pager we actually read:

Who pays When they pay What if they don't What slips if construction is late Who controls the land
Five lines. Not a 90-page CIM.

[Shane Boudreau @VestIn_VC]

Simple stack for a large project:

1. Senior / construction with VestIn
2. A co-investor on a slice (~25%)
Non-recourse means the asset carries the deal.
Sponsors: reply city + asset type.

[Shane Boudreau @VestIn_VC]

Project finance is not a bigger bank loan.

A bank underwrites the company. We underwrite the asset and who pays for it.
Who pays. When. What if they don't.

Can't fit that on one page? Not financeable yet.

[Shane Boudreau @VestIn_VC]

Most projects don't die from a bad idea.

They die between "we have a site" and "we have a stack."

Banks want history. Sponsors have a pro forma.

That gap is VestIn. $400M+ project finance.

Follow if you build at that size.

[Shane Boudreau @VestIn_VC]

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