ABOUT DEERPATH CAPITAL
Deerpath Capital is a specialist private credit manager focussed on the US direct lending market, providing flexible, cashflow-based senior debt financing to sponsor backed lower middle market companies (US$50m – US$200m EV), offering substantial current income with strong downside protection through first lien, senior secured investments.
Experienced, Successful Team: Deerpath has invested USD 7.2bn+ since it was founded in 2007 by the three principals that still lead the firm today. The principals are supported by a total staff of 70+ professionals with minimal historical turnover.
Comprehensive Origination Network: 5 origination offices spread across the US allow for complete geographical coverage of private equity sponsors.
Differentiated Investment Strategy: Over the last 15 years Deerpath has focused almost exclusively on first lien, senior secured loans to companies in the underserved U.S. lower middle market. We are differentiated based on where we play (lower middle market), how we transact (safety over yield) and longevity in the market. Our focus on the lower middle market allows us to effectively compete in a much less crowded market segment that offers attractive economics and superior structural protections that aren’t available in other segments of the middle market. This has allowed for us to deliver an inception-to-date unlevered asset IRR of 11.2%.
One Realised Credit Loss: Since 2008, Deerpath has invested in over 760 transactions with only one realized credit loss. This is a testament to the firm’s strict underwriting standards, monitoring and restructuring capabilities, and focus on downside protection.
