Direct Lending

Our direct lending strategy is focused on performing credit investment opportunities. We provide tailored solutions that address both the capital structure and operational needs of our borrowers. While we have flexibility to invest across the capital structure, the majority of our investments will be in senior secured instruments that produce current income through a monthly or quarterly cash-pay interest coupon.

Investment Criteria

  • $5-$50m Investment Size
  • Corporate Borrowers—Public or Private
  • Municipal Issuers—Public, Private or Public-Private Partnerships (P3)
  • Non-Sponsored and Sponsored
  • Sole Lender or Club Syndicate Participant
  • Flexible Terms as to Maturity
  • Nationwide Geography

Investment Types

  • Senior Secured Term Loans – 1st Lien, 2nd Lien and Unitranche
  • Senior Secured Bonds
  • Junior Debt–Unsecured, Subordinate and Mezzanine Instruments
  • Equity Co-Investments
  • Bridge
  • Distressed or Transitional Loans
  • Draw Down

Industry Focus

  • Business Services
  • Industrials
  • Manufacturing
  • Healthcare
  • Infrastructure
  • Senior Living
  • Transportation
  • Technology
  • Housing—Student, Multifamily, Development
  • Energy
  • Utilities
  • Waste Management
  • Education
  • Emergency Services
  • Municipal Service Providers
  • Non-Profit Organizations
  • Parking
  • Reconstruction