Investment Approach
Across our strategies, our focus is on strong underlying fundamentals, rigorous underwriting, disciplined structuring, and active position monitoring applied consistently across a diversified portfolio of borrowers and end-markets.
Our core diversified private credit strategy focuses on deploying capital as a term loan lender in uncrowded markets and opportunistic situations, principally in the lower middle-market. We focus our efforts on smaller, creditworthy companies who are often unable to fully access the bank market and are seeking alternative solutions to dilutive equity.
We seek to capitalize on these opportunities from a senior secured position at the top of the capital table, typically as the sole or lead lender of directly-sourced investments. We design these positions to deliver premium cash-pay interest and fees, while also often capturing upside potential through warrants.
Apex
Our Apex strategy provides revolving loan commitments based on a borrower’s eligible current assets which typically convert quickly to cash to repay our loan, which can then be re-borrowed as needs arise.
Our Capital Solutions strategy represents a sub-strategy where we can leverage the firm’s expertise across strategies to solve complex situations or time-sensitive liquidity needs of borrowers that are not being met by traditional financing sources. Such situations, which may involve creative structuring, atypical uses of capital, and/or investing in multiple tranches of the cap table, can result in amplified investment opportunities over time and meaningful returns on a logo basis, potentially across multiple investment vehicles with varying risk tolerances.
Within our Capital Solutions strategy, we have the ability to complement our core diversified credit investment vehicles through sector-focused multi-strategy funds and structured equity vehicles to maximize market opportunities and exposure for our investors according to risk appetite.
Featured Transactions
Featured Transactions
High Performance Credit Investing
We seek out underserved, less efficient markets and idiosyncratic investment opportunities where the deployment of capital is not commoditized and where we believe our bespoke solutions are prized by borrowers and more likely to deliver alpha for our investors.