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Laxman Pai, Opalesque Asia: New York-based private debt manager Deerpath Capital Management closed sixth private credit fund with $1.5 billion of equity capital commitments from investors.
The provider of customized, cash-flow-based senior debt financing to lower-middle market companies across diverse industries said in a press release that Fund VI is part of Deerpath Capital's senior debt financing platform, which has deployed approximately $9 billion since the firm's inception in 2007.
Combined with debt financing for its levered investment vehicles, Deerpath secured more than $2.8 billion in total capital available for deployment, a fundraising record for the firm, it said.
Deerpath has already committed 65% of Fund VI to a large pool of portfolio companies, which are diversified by industry, geography, and private equity sponsor.
"Deerpath's investment philosophy has not changed since the firm was founded 16 years ago. We have a distinct ability to seek out strong investment opportunities in the U.S. lower middle market and underwrite conservative loan structures with ample protections when compared to the larger direct lending market," said Antonella Napolitano, Global Head of Investor Relations and Capital Formation.
"The successful raise of Fund VI validates investors' appreciation for our strategy and consistent ability to deliver strong, risk-adjusted returns while avoiding credit losses in all market environments," Antonella added...................... To view our full article Click here
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