Deerpath Capital Management, a firm that makes loans to smaller companies, has closed its fifth fund at $1.1bn. The firm primarily lends to private equity-backed lower middle-market companies.
The vehicle, Deerpath Capital V LP, exceeded the firm’s initial target and gathered capital from more than 50 limited partners world-wide, the firm said Wednesday. Combined with debt financing, the fundraising gives Deerpath more than $2bn to deploy, it said.
Deerpath was founded in 2007 by a team of experienced principals to pursue senior debt investments in lower-middle market companies. Since inception, Deerpath has completed over 350 investments, deploying over $3bn of invested capital across a broad range of industries, investment products and transaction types.
Source: Wall Street Journal
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...