Private Credit
Fund.
Direct lending to middle-market companies. We focus on senior secured positions with robust covenant protection to capture the illiquidity premium while prioritizing capital preservation.
9.6%
5-Year Net IRR
1.4
Sharpe Ratio
$10M
Minimum Inv.
2015
Inception
Investment Philosophy
Our Private Credit Fund addresses a structural gap in the market: direct loans to middle-market companies ($10M-$100M EBITDA) that are underserved by traditional banks due to regulatory constraints.
We believe that by originating loans directly, we can negotiate disciplined lender protections, including first-lien security, floating rates, and financial covenants that protect our principal. This strategy aims to target attractive income with a senior-secured risk profile.
Senior Secured
90% of the portfolio is First Lien, ensuring priority in the capital structure.
Floating Rate
Loans are typically priced at SOFR + Spread, providing an inherent hedge against rising interest rates.
Origination & Underwriting
Sourcing
We leverage a proprietary network of private equity sponsors, intermediaries, and advisors to access non-auction deal flow.
Due Diligence
Rigorous bottom-up analysis of cash flows, collateral value, and management quality. We typically accept <5% of reviewed deals.
Active Monitoring
Quarterly covenant testing, board observation rights, and direct dialogue with management throughout the loan lifecycle.
Portfolio Composition
42
Portfolio Cos
<0.5%
Loss Rate
3.2x
Avg Leverage
Qualified Investor Notice
This strategy is only available to accredited investors and qualified purchasers (QPs). Investments are illiquid with a 5-year lockup period and quarterly redemption windows thereafter (subject to firm-wide gates).
Fund Terms
- Structure
- LP / GP
- Target Net IRR
- 8% - 12%
- Income Dist.
- Quarterly
- Lockup
- 5 Years (Hard)
- Mgmt Fee
- 1.5%
Portfolio Manager
Jonathan Lee
Head of Alternatives
16 years of private markets experience. Previously Managing Director at Blackstone Credit.
Interested in this Strategy?
Download the full factsheet or schedule a discussion with our investment team.
IMPORTANT DISCLOSURES: Private credit investments involve a high degree of risk, including the loss of principal. These investments are not suitable for all investors. The loans are generally illiquid and there is no secondary market. Performance targets are hypothetical and not guaranteed.