Lending to mid-market companies across Europe

Mark Hickey

Partner

Steven Craig

Managing Director

Robert Wartchow

Managing Director

6.55bn

Cumulative capital raised1

7.06bn

Cumulative capital deployed1, 2

Core financing

The strategy focuses on investments in:

  • Leading European mid-market companies, with strong credit fundamentals and EBITDA typically between €15 million and €75 million.
  • Senior secured loans with:
    • First-ranking seniority;
    • Financial maintenance 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 and have regular access to management and financial information that enables us to closely monitor loans post-close.

Investment opportunities are sourced through Pemberton’s origination team’s extensive and long-standing relationships with private equity sponsors, banks and advisors as well as directly from companies and management teams.

The strategy is managed by Portfolio Managers Mark Hickey, Steven Craig, and Robert Wartchow.

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


Senior Secured Term Loan

Union Jack

December 2020

A portfolio company of


Senior Secured Term Loan & ACF

October 2020

A portfolio company of


Senior Secured Term Loan & ACF

October 2020

A portfolio company of


Senior Secured Term Loan & ACF

Union Jack

September 2020

Our other clearly defined risk-reward strategies

Senior Loan

The strategy targets first lien investments in larger companies, with lower leverage and larger equity cushions than our Mid-Market Debt strategy…

Strategic Credit

The strategy focuses on performing credit rather than stressed/distressed debt and loan-to-own debt investments. Depending on the credit quality…

Supply Chain Finance

The strategy provides institutional investors with potential attractive risk-adjusted returns from a diversified, stable and low-duration portfolio…