Private Debt

We offer a global range of private debt solutions that seek to offer what we believe to be compelling returns.

We are focused on lending to companies in the lower middle market. It is by working with small and medium-sized enterprises (SMEs), with EBITDA of between €5-25mn, where we see the greatest risk/reward opportunities as a lender; we strongly believe in the positive societal values of providing growth capital to lower-middle market companies. These are companies that have reached a certain level of profitable maturity but, in our view, have the potential to grow.

Our goal is to work with SMEs by providing them with flexible capital solutions to further incentivize growth in a framework of responsible governance. We invest prudently, always conscious of the need to protect capital. We believe in the importance of meticulous due diligence to help us fully understand a company’s strengths and weaknesses.

We take a regional approach with dedicated local offices, recognizing the importance of local staff investing in regions they know best. This helps enable us to develop close working relationships with family and founder owned business where we seek to create long-time partnerships and share a common ethos.

Please click here to visit our dedicated Private Debt website to learn more.

Strategy Inception

2014

Portfolio Manager Locations

London, New York, Dublin, Frankfurt, Madrid, Manchester, Milan, Paris, Singapore, Sydney

Our Advantage

  • Operate in the lower middle-market – an underserved segment that can provide an abundance of opportunities
  • Global team of local experts - to uncover potential opportunities with a differentiated deal sourcing approach
  • Intelligently crafted solutions - with a focus on founder and private equity owned businesses

 

Capital at risk. The value of investments and the income from them may fall as well as rise and is not guaranteed. Investors may not get back the full amount invested.

Illiquidity Risk:  Illiquidity occurs when a security or other asset that cannot easily and/or quickly sold or exchanged for cash without a substantial loss in value. As a result, investments may be illiquid and there can be no assurance that investments can be bought or sold.

Small and Medium Sized Enterprise (SME) Risk: Investments in small and medium sized unquoted companies are intrinsically riskier than in quoted companies as the unquoted companies may be smaller, more vulnerable to changes in markets and technology and dependent on the skills and commitment of the management team. There is a risk that an underlying borrower will be unable to pay principal and interest when due.

“We believe the private debt industry is likely to continue to grow as investors seek diversification and the potential for higher yields than what is available in traditional fixed income. However, we believe it is important to partner with a private debt manager who takes a prudent approach to lending, with a diversified portfolio of creditworthy businesses”

Kirsten Bode – Co-head of European Private Debt, Pan Europe

Photo of Kirsten Bode – Co-head of European Private Debt, Pan Europe

Insights

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Jan 25, 2022

European Private Debt – A Bright Outlook

Does a strong recovery in deal flow and the prospect of protection from rising interest rates reinforce the investment case for private debt?

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Jul 28, 2021

Accessing Opportunities in Asia Pacific Private Debt

While private debt is firmly embedded in the US and Europe, the asset class is playing catch up in the Asia Pacific region.

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May 22, 2020

Private Debt – Active Engagement in Challenging Times - May 2020

The rapid global spread of COVID-19 and the subsequent lockdown measures have resulted in a global humanitarian and working capital crisis rolled into one event.

Read More Insights