Local Market Expertise, Proven Performance, Trusted Partner
Mid-Market Debt is Pemberton’s flagship direct lending strategy focused on investments in leading European mid-market companies. Across all MDF fund vintages we have:
€0.3bn
Cumulative capital raised1
€0.9bn
Cumulative capital deployed1,2
6
Companies invested3
About Mid-Market Debt
Accessing the European mid-market opportunity set with Pemberton’s MDF Strategy
Core financing
The strategy focuses on investments in:
- Leading European mid-market companies with:
- Strong credit fundamentals;
- EBITDA typically between €15 million and €75 million;
- Proven management teams and professional shareholders.
- Senior secured loans with:
- First-ranking seniority;
- Financial and operational covenants to limit downside risk;
- Cash coupons to provide a regular income stream.
The strategy primarily focuses on investments in performing companies in defensive industries with characteristics including market-leading positions, strong cash flow generation, experienced management teams, and strong downside/structural protection. Our investments typically also provide companies with capital for growth and acquisitions.
Pemberton is typically the sole or lead lender to our portfolio companies, which allows our deal teams to negotiate bespoke bi-lateral lending agreements. It also allows our deal teams to have regular access to management and financial information that enables us to closely monitor loans post-close.
Investment opportunities are sourced through Pemberton’s local origination teams, which have extensive and long-standing relationships with private equity sponsors, banks and advisors. We also source new opportunities directly from companies and management teams, particularly where we can provide incremental capital to support attractive M&A opportunities for existing portfolio companies.
The strategy is managed by Portfolio Managers, Robert Wartchow and Steven Craig
Meet the team:
In our sector, speed and certainty of execution are key for the success of a buy & build strategy. Pemberton’s understanding of this has been outstanding and dealing with a single like-minded partner for financing proves valuable.
Stijn Nijhuis
CEO of Enreach - 2020
Selected recent investments
A portfolio company of
Term Loan & Acquisition Facilities
May 2024
A portfolio company of
Term Loan & Acquisition Facilities
April 2024
An add-on acquisition
Term Loan & Acquisition Facilities
December 2023
A portfolio company of
Term Loan & Acquisition Facilities
July 2023
A portfolio company of
Term Loan & Acquisition Facilities
March 2024
A portfolio company of
Term Loan & Acquisition Facilities
February 2024
An add-on of
Term Loan & Acquisition Facilities
May 2023
A portfolio company of
Term Loan & Acquisition Facilities
April 2023
