Deerpath Capital Fund VII

Credit Est. 2007
Website →
USD 7B
Estimated FUM
Type
Credit Fund
HQ
New York, United States
Founded
2007

About

This will be Deerpath's seventh fund and like all previous raises will focus on making exclusively senior first lien loans to sponsor backed businesses in the US lower middle market. These are well established businesses with enterprise values of between USD 50mil to USD 200mil and loan sizes ranging from USD 25mil to USD 100mil. This part of the US direct lending market provides investors the best risk adjusted returns, with strong income yields but with far lower levels of leverage when compared with the core and upper middle market whilst also providing the most lender protective covenant structures. These floating rate loans are seeing base rates close to 5% and when combined with spreads greater than 6.5% then all in gross yields are currently between 11-13%.

Investment Focus

Investment Geographies
Primary Markets
United States
Coverage
Country-focused
Regions
North America

Coverage is a guide only.

Location

Headquarters
New York, United States
Office Presence
1 country
United States
1 known office
New York, United States (HQ)

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