PIPS Program

PIPS Program

PIPS Program (Protected Intellectual Property Securitization)

Newlight Capital structures debt around royalty-bearing intellectual property. This type of debt financing alternative is safer than a traditional securitization and generally has a longer term than a CIPAR or CLIP transaction. In order to qualify for this structure, the organization must currently be generating royalty revenue pursuant to a license agreement or multiple license agreements and deal sizes run from $15 million.