Founded in 2025, Rockstone was built around one idea: invest where the asset itself — not a borrower's promise — protects the downside.
Most credit investing starts with a borrower's ability to repay. Ours starts with what happens if they don't. Every position we take is collateralized by a hard or financial asset — an aircraft, a property, a pool of receivables — that we can independently value, monitor, and, if necessary, take possession of.
That sequence changes how a portfolio behaves through a cycle. When a borrower's cash flow weakens, our recovery still depends on something with its own, separately determined value — not solely on the health of the counterparty.
Our leadership team's two decades of specializing in asset-based markets — before Rockstone was founded — gave rise to the judgment that only comes from having priced and repossessed the assets themselves: aircraft through downturns, property through rate cycles, receivables through changing consumer credit conditions.
We stay close to every position for its full life: servicing, monitoring, and managing the underlying asset rather than handing that responsibility to a third party. That proximity is where most of our edge comes from.
Four principles guide every commitment, across every strategy and market we invest in.
Every transaction begins with an independent view of the asset's value — appraised, inspected, and stress-tested before we consider the structure around it.
Positions are secured so that a shortfall in repayment isn't the only path back to capital — the asset itself provides a second one.
We retain servicing and asset-management capability rather than delegating it, so we see problems — and opportunities — as they emerge.
We would rather pass on a transaction outside our expertise than stretch a strategy to fit a market we don't know well enough to underwrite.
Founded by a team with two decades of asset-based investing experience, Rockstone has scaled quickly since 2025.
Rockstone launches with a founding focus on aviation asset-based credit, built by a team with two decades of combined experience financing aircraft and engines leased to global carriers.
Rockstone funds its first aircraft-secured lending facility, establishing the underwriting process every later strategy would follow.
A European base extends the firm's asset-based approach into vessel financing and sale-leaseback structures.
Rockstone begins originating residential transition and bridge loans secured by income-producing property.
Regional offices bring underwriting closer to Asia-Pacific and Middle East originators as the firm passes $2 billion in loans funded.
The firm adds forward-flow and asset-backed lending facilities with consumer and commercial finance originators.
Five strategies, seven offices, and an infrastructure credit strategy launched — built in under two years on two decades of leadership experience.
Figures reflect Rockstone's asset-based lending activity since its 2025 founding.