BARRANO
& Co.
Project Finance · Credit · Advisory

Independent advisory for infrastructure investors, credit funds, and family offices — built on fifteen years of project finance, debt, and modelling experience across London, New York, and Rome.

I. The Practice

A senior pair of hands for project finance, credit, and infrastructure mandates — on demand.

Barrano & Co. is an independent advisory practice founded by Carla Barrano, CFA, drawing on fifteen years across infrastructure investing, real estate debt, and emerging markets credit at JP Morgan, Ashmore, Chatham Financial, NASDAQ eVestment, and Neptune Infrastructure Associates.

The practice serves general partners, credit funds, family offices, and corporate investors who need senior project finance and modelling expertise on a flexible basis — whether for a single transaction, an interim mandate, or a recurring advisory relationship.

Every engagement is led personally and built on disciplined modelling, clear documentation, and the institutional standards of the firms where the work was learned.

Carla Barrano, CFA — Founder of Barrano & Co.

Carla Barrano, CFA · Founder

II. Service Lines

Six disciplines — delivered as one practice.

Each service line stands on its own and combines naturally with the others. Most engagements draw on two or three at once: a model, a memo, and an opinion.

i.

Project Finance Modelling

Bespoke transaction models for renewables, conventional infrastructure, and PPP/PFI assets — DSCR-sculpted debt, merchant and contracted revenue overlays, sensitivities ready for IC.

ii.

IC & Due Diligence Support

Investment committee papers, model reviews, scenario testing, and second-opinion work for sponsors and lenders ahead of approvals or final binding offers.

iii.

Asset Management Monitoring

Covenant tracking, performance attribution, and quarterly reporting frameworks for infrastructure and real estate portfolios — from model build to live operation.

iv.

Real Estate Debt & Credit

Structuring support, covenant design, hedge advisory, and credit analysis across senior, mezzanine, and bridge financings — drawing on capital markets and ECA-backed deal experience.

v.

Valuation & Attribution

Independent valuation work, Brinson-Fachler performance attribution, and benchmarking studies for institutional allocators and multi-asset portfolios.

vi.

Bespoke Training

Excel-based project finance and credit training delivered to investment teams — from foundational modelling to advanced debt sculpting and waterfall design.

III. Selected Work

Representative models and mandates.

A selection of recent modelling work, anonymised where appropriate. Full case detail available on request under NDA.

Offshore Wind 01

500 MW UK Offshore Wind Portfolio

DSCR-sculpted senior debt model with CfD and merchant revenue split, full sensitivity engine, and lender-style scenario testing for portfolio acquisition diligence.

Sculpted debt · CfD / merchant split · IC-ready
Biomethane 02

Anaerobic Digestion Plant — Italy

Full project finance model for an AD/biomethane facility with feedstock and offtake modelling, EPC drawdown profile, and base-case equity IRR of 14.6%.

Equity IRR 14.6% · Feedstock & offtake · EPC drawdown
Real Estate Debt 03

Covenant Monitoring Tool

Live LTV, ICR, and DSCR covenant monitoring framework for a real estate debt book, with quarterly reporting templates and breach-scenario alerts.

LTV · ICR · DSCR · Quarterly reporting
Public Markets 04

Brinson-Fachler Attribution Model

Multi-period sector and security selection attribution for an institutional equity allocator, with benchmark overlays and contribution decomposition.

Brinson-Fachler · Multi-period · Benchmarked
IV. Engage

For a model, a memo, or a meeting.

Correspondence
carla@barranoandco.com
Office
London · United Kingdom
Profile
LinkedIn