Structured Finance LLC is a California-registered investment adviser (CRD #336805) that manufactures compliant yield instruments for income-producing asset owners. We deliver non-dilutive capital, transferable yield, and institutional-grade securities structures to solar developers, wind operators, battery storage owners, oil & gas royalty holders, midstream operators, specialty private credit originators, and infrastructure cash-flow owners — without selling equity, ceding governance, or taking on more debt. Our flagship product is the Energy Yield Token. Alongside this primary practice, we maintain an established capital markets advisory practice covering IPOs, reverse mergers, SPAC transactions, OTC uplistings, and M&A.
The Structured Yield Score™ is a free, instant assessment that scores any income-producing asset for tokenization fit and structured yield suitability. Asset owners receive a directional yield range, a structure recommendation (Energy Yield Token, Revenue Participation, Private Credit, or hybrid), and a securities-framework selection (Reg D 506(b) vs 506(c)). The assessment is the entry point to our Layer 1 / Layer 2 / Layer 3 service stack.
Productized capital-markets opinions that can be purchased without a sales process. Three productized advisory deliverables with defined scope, defined timelines, and defined prices: the Structured Yield Feasibility Report™, the Liquidity Gap Analysis, and the Capital Structure Optimization Review. Each diagnostic includes a credit toward a future structuring mandate — the entire diagnostic fee applies against the structuring retainer if the client engages us for the full mandate within 90 days.
Full architectural mandate plus long-term yield participation. For asset owners ready to execute, we architect the full structure end-to-end: legal entity formation, the Revenue Participation Agreement, offering documentation, Reg D filing, platform coordination, and investor onboarding architecture. Embedded in every structuring mandate is the Advisor Yield Participation Right (AYPR) — a contractual right to a defined percentage (1%–3%) of actual cash flow distributions from the SPV, for the full life of the structure. The AYPR is not a placement fee, not a transaction-based commission, and not a token supply allocation. It is a structurally aligned co-advisor economic interest, fully disclosed in our Form ADV Part 2A and in the PPM of every offering.
As registered investment adviser of record for every structure we put together, Structured Finance LLC delivers the documented, examination-defensible advisory work product that justifies the annual fee: quarterly monitoring reports, distribution recommendations, valuation support, exit-strategy advisory, investor communications, market intelligence briefings, and reinvestment guidance at maturity. Every line item is supported by a documented work product filed in our compliance archive.
The Energy Yield Token is the firm's flagship instrument — a structured income participation security for solar developers, wind operators, battery storage owners, oil and gas royalty holders, midstream operators, and pipeline owners. The instrument is a contractual revenue participation right, not equity. The asset stays on the owner's balance sheet, future appreciation belongs entirely to the owner, and income participants receive a documented contractual yield over a defined term inside a Reg D 506(b) or 506(c) compliant offering. Tokens are issued under the ERC-3643 standard with transfer restrictions enforced on-chain, then the income stream reverts to the owner in full at maturity.
If a partner originates the client relationship, Structured Finance LLC provides the entire structuring infrastructure underneath them: SPV architecture, the Revenue Participation Agreement, offering documentation, Reg D filing coordination, tokenization platform interface, compliance architecture, and ongoing RIA advisory — all delivered under the partner's engagement with the client. The partner owns the client and the relationship economics on top.
Hands-on advisory through every phase of the IPO process — from organizational readiness and financial structuring to S-1 preparation and underwriter selection.
Alternative paths to public-company status. We coordinate legal, audit, and regulatory workstreams to execute clean, compliant going-public transactions.
SPAC formation through de-SPAC merger execution. Advisory for sponsors and target companies on structure, terms, and capital markets strategy.
Governance restructuring, financial standard compliance, market maker engagement, and SEC reporting — the full uplisting pathway.
Buy-side and sell-side advisory for middle-market transactions ($5M–$100M+). Focus areas: technology, healthcare, real estate, infrastructure.
Founder & Managing Partner
Conrad Metz is the Founder and Managing Partner of Structured Finance LLC, a registered investment adviser (CRD #336805). He advises companies, project sponsors, and asset owners on capital formation, liquidity strategy, capital structure optimization, and institutional financeability. Over his career, Conrad has participated in financings representing more than $10 billion across debt, equity, structured finance, private credit, infrastructure, and capital markets transactions. His work focuses on helping organizations evaluate financing paths, improve financeability, preserve strategic flexibility, and align capital structures with long-term business objectives. He is the creator of Capital Structure Intelligence™ and the Structured Finance Lens research platform. His current research focuses on private credit, capital markets, structured finance, infrastructure finance, liquidity formation, and the evolving role of tokenized market infrastructure. Conrad holds FINRA Series 7, 63, 65, and 6 licenses.
Connect with Conrad Metz on LinkedInCo-Founder | Lead — Traditional Capital Markets Advisory
Kevin Ernst leads the firm's traditional capital markets advisory practice — guiding sponsors and operating companies through IPOs, reverse mergers, SPAC transactions, OTC uplistings, and M&A execution. [PLACEHOLDER — full bio, prior firms, transaction experience, FINRA licenses, and education to be inserted.]