Investment Criteria
Company Size (EBITDA)
Maximum Commitment
Average Investment
$10 mm - $100 mm
Up to $150 mm
$10 mm - $75 mm
Highly Selective Investment Process:
We have stringent underwriting standards focused on relative value, strong credit statistics and a high level of portfolio diversity.
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Initial vetting & structuring
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Early assessment
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Full due diligence
Recent Junior Capital Transactions
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Columbia Home Services
Columbia Home Services
Lender
- Equity
- Subordinated Note
Tenex Capital Management
May 2025
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Momentum Textiles and Wallcovering
Momentum Textiles and Wallcovering
Lender
- Subordinated Note
Riverside Company
March 2025
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News & Press
What a Downturn Might Mean for Private Credit
NEW YORK, June 2, 2016 – Where are we in the cycle?” That question gets asked at every conference we attend. It’s also clearly on the mind now of every investor, arranger and issuer of debt. The reason is clear: if we are in the seventh innings of the cycle (which seems the consensus), a downturn might be around the corner.
A Review of US vs European Direct Lending
LONDON, May 1, 2016 – Over the years the US has been by far the dominant supplier of leveraged loans globally. But given similar regulatory pressure being exerted on overseas banks as here, Europe is gaining media attention as a source of debt opportunities for both managers and investors.
Where Europe’s Real Direct Lending Opportunity Lies
NEW YORK, April 1, 2016 – Against the backdrop of uncertain credit markets and directionally differing economies, an interesting cross-Atlantic investment dynamic is underway.
1. Includes both junior and structured capital.