Warbler Labs, Incorporated

Goldfinch (operated by Warbler Labs, Incorporated) runs Goldfinch Prime, an onchain product that pools exposure to institutional private credit funds managed by established asset managers. Through a single onchain pool, investors are given exposure to multi-billion-dollar funds including the Stellus Private Credit BDC, PGIM Private Credit Fund, Ares Strategic Income Fund, Golub Capital Private Credit Fund, Apollo Debt Solutions BDC, KKR FS Income Trust, Monroe Capital Income Plus Corp, HPS Corporate Lending Fund, Crescent Private Credit Income Corp, TPG Twin Brook Capital Income Fund, T. Rowe Price OHA Select Private Credit Fund, and Blackstone Private Credit Fund. The website states aggregate fund manager AUM of more than $1 trillion, exposure to over 1,000 senior secured loans, and a net estimated yield of 10-12% [0].

The stated fund selection criteria are institutional, multi-billion-dollar funds; managers with a 10+ year private credit track record; portfolios with greater than 90% senior secured loans; less than 5% payment-in-kind interest income; and a target non-accrual loan rate below 0.75%. The site also references a legacy Goldfinch V1 application, protocol documentation, a governance forum and GitHub repository, indicating an earlier protocol version alongside the Prime product [0].

As of the site content retrieved, a notice states that Goldfinch Prime is shutting down and that no new deposits will be taken, with readers directed to a governance post for details [0].