Direct Lending
Senior, unitranche and subordinated debt for acquisitions, growth and refinancing — underwritten and held by a single lender.
One lender, from term sheet to maturity
We provide senior secured, unitranche and subordinated facilities of €10m to €60m to companies with €5m to €35m of EBITDA. One lender writes the whole ticket and holds it to maturity, so there is no syndication risk and no unfamiliar counterparty on the other side of a waiver request three years from now.
Covenant packages are built around the plan the company actually has rather than a template. When trading diverges from that plan — and over five to seven years it usually does — the decision sits with the same investment committee that approved the loan, and the answer comes in days.
Key figures
AUMS€1.8bn+
EBITDA€5m ⟷ €35m
TICKET€10m ⟷ €60m
EMPLOYEES+18
Investment criteria
What we look for
Instrument
Use of proceeds
Tenor
Security
Other strategies