pioneering alternative investment opportunities.

About

Investing globally across the capital structure, our private credit platform combines deep expertise and long-standing relationships with sponsors and issuers to originate attractive risk-adjusted return opportunities directly.

Investment Approach and value proposition
01 Deal Souring

An independent origination process with an extensive network of industry contacts and portfolio company relationships.

02 Deal Screening

Internal industry expertise informs the initial evaluation of the opportunity with senior management.

03 Structuring and diligence

Thorough review of financial information and detailed document negotiations focused on identifying and mitigating risks.

04 Investment Committee Review

Evaluate opportunity and risk-adjusted return with a focus on downside mitigation and preservation of capital.

05 Deal Closing

Deal terms, documentation, and timeline are finalized. Investment is allocated across managed funds as appropriate.

05 Ongoing Monitoring

Proactive review process and regular contact with portfolio company management teams and private equity sponsors.

Capital Structure And Culture

Our goal is to provide private equity like returns with the liquidity of a public market. We are experienced credit evaluators who take a value-oriented approach, using fundamental bottom-up research to identify investments that offer attractive relative value in comparison to their fundamental credit risk profile. 

Dedicated to providing tailored alternative investments that fuel growth and innovation. 

Our Investment Criteria

Our Focus Area

  • Direct Lending: Direct lending strategies provide credit primarily to private, non-investment-grade companies. Direct lending strategies may be appealing as they invest in the senior-most part of a company’s capital structure, which may provide steady current income with relatively lower risk.

  • Distressed Debt: When companies enter financial distress, they work with existing distressed debt investors to improve their prospects through operational turnarounds and balance sheet restructuring. Distressed debt is highly specialized and the prevalence of opportunities tends to coincide with economic downturns and periods of credit tightness. These lenders take on a higher level of risk in exchange for lower prices and potentially high returns.

  • Special Situations: Special situations can mean any variety of non-traditional corporate event that requires a high degree of customization and complexity. This may include companies undergoing M&A transactions or other capital events, divestitures or spinoffs, or similar situations that are driving their borrowing needs.

Company Characteristics

  • Middle Market Companies

    These businesses have annual revenue of $10 million to $1 billion. They make up the largest portion of private credit borrowers, and they typically use the loans to help expand. Middle market companies turn to private credit because they tend to have high debt-to-income ratios and lower cash flows than established large corporations, making it hard for them to get bank loans. Additionally, unlike small businesses and start-ups, they cannot turn to venture capital firms and angel investors for capital. 

  • Small Businesses

    These are businesses with less than $10 million in revenue and they also sometimes seek out private credit loans. These small companies, including those owned by individuals, usually carry more risk than middle market companies, often because they are newer and don’t have an established operating or credit history. Because of this, a creditor may charge an even higher interest rate as a risk premium.

Contact us for more information at info@910capitalpartners.com.